POPCAT targets $1.50 resistance soon

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.

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• Overall, we're quite impressed that POP is back to $1.30 and now seemingly more settled in this area.
• Divergences are what most stand out to us here. Price put in a higher high, but a lower high on the oscillator (bearish divergence). But, price put in a higher low, and a lower low (hidden bullish divergence).
• So, there are contrasting signals on the divergences. Price will likely break in a volatile manner, whether that be up or down, as two diverging divergences are at play here.
• The major resistance is at $1.50.
• The major support is between $0.92 and $1.10, although there is a local level at $1.19.
• The RSI is now back to middle territory which is great to see, although note, we have multiple divergences at play here.

• Next Support: $0.92 - $1.10
• Next Resistance: $1.50
• Direction: Neutral/Bearish
• Upside Target: $1.50
• Downside Target: $1.10

Cryptonary's take

In the short term, we're very unsure of the direction of price here. There are contrasting divergences at play, which could make the next move likely volatile.

Overall, we're pleased that POPCAT seems to be settled and building a range well above $1.00 - just 6-10 weeks ago, this range was between $0.40 and $0.65. For now, we remain patient in Spot bags and we're not looking to take any action for now, particularly as we're unsure about short-term price action. Sorry guys.