POPCAT tests $0.85 resistance zone

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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• A really nice move off the lows, having built a base at the $0.50 area.
• Price is now moving into the old order block between $0.70 and $0.85 (give or take, it could be slightly higher than $0.85).
• Price is also trying to break out of the main downtrend line. This is also the case for the RSI. This looks good here.
• The RSI is still in middle territory, but it's likely to put in a hidden bearish divergence (lower high in price, higher high on the oscillator). This is just something to be wary.
• The key level for POPCAT to break out of is the $0.92 horizontal resistance. A breakout of this level would likely be confirmation of the bull reversal.

Looking for an accurate POPCAT price prediction? Read our analysis to know what's next for POPCAT!

• Next Support: $0.54
• Next Resistance: $0.72 - $0.85
• Direction: Neutral/Bullish
• Upside Target: $0.92
• Downside Target: $0.54

Cryptonary's take

POPCAT has bounced really nicely off the lows, but until there is a convincing reclaim of $0.92, it's hard to be majorly positive on it in the short term. Price is also moving into a resistance zone between $0.70 and $0.85, so that's worth noting. If SOL can break out, and especially if it's off the back of Trump Executive Orders next week, then SOL memes could follow.

For now, I'm personally (Tom) still not fully convinced. Let's see how it plays out currently; this is max hyper across the board going into Trump next week.