Will $1.40 support hold for POPCAT?

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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• POPCAT rejected at the $2.00 and has since pulled back and broken below its horizontal support of $1.60.
• POPCAT is now approaching its next major horizontal support at $1.40. Beneath that, the prior low of $1.20 is possible. But we expect $1.40 to hold.
• If POPCAT were to pull back to the $1.30/$1.40 area, it would likely form a hidden bullish divergence (higher low in price and lower low in the oscillator). If we got this, it would be a buy signal.
• POPCAT is squeezing into its pinpoint, where the uptrend line meets the downtrend line. It's possible that this causes a breakdown that sees prices go slightly below $1.40.
• The positive is that the RSI is at 46, which is very low considering the bullish market environment we're in.

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

• Next Support: $1.40
• Next Resistance: $1.60
• Direction: Bearish
• Upside Target: $1.60 (and then $2.00)
• Downside Target: $1.30 - $1.40

Cryptonary's take

So far, major memes have lagged as the attention has swung to the majors which are currently outperforming. We expect the rotation back to major memes will come; it might just take more time. For now, we're holding Spot POPCAT bags, and we'll even look to add if the price reaches close to $1.30.

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