Disclaimer: This is not financial or investment advice. You are responsible for any capital-related decisions you make, and only you are accountable for the results.
- Considering POPCAT was up 200% between the start of September thought to the end of October, it has done well to hold at it's highs.
- POP remains range-bound and consolidates between $1.40 and $1.60, with the occasional push up to the $1.70's.
- The main resistance for POPCAT will be $1.73 and then $1.81. A break above that likely swiftly sends POP to $2.00.
- The RSI remains in very middle territory (at 54) as POP hasn't broken out, but rather just consolidated.
- Next Support: $1.40
- Next Resistance: $1.73
- Direction: Neutral/Bullish
- Upside Target: $1.70 (and then $2.00)
- Downside Target: $1.40
Cryptonary's take
Despite BTC and SOL's breakout, POPCAT hasn't run higher, even with WIF breaking out back above $3.00. POPCAT has remained towards the top of its range, and it has consolidated between $1.40 and $1.70. This has allowed some of the indicators to reset.We would expect that when Bitcoin slows down and consolidates, WIF and POPCAT can both run. WIF run, and then POPCAT follows. A break above $1.80-$1.90 and we could see POPCAT re-price considerably higher.
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