Will POPCAT push higher or test $1.20 support?

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 number of POPCAT's indicators were bearish, but price action has actually held up remarkably well towards the highs of the range. In the meantime, these indicators have reset and are no longer bearish. Very positive.
• POP is now pressing in to it's resistance box. A break above this zone would be super bullish.
• POP has maintained its uptrend since the start of September, and it hasn't undergone many major pullbacks greater than 20%.
• POP's RSI has now also reset and back to middle territory (at 59) during this period where price has consolidated.
• To the upside, the resistance are is the red box. If the price breaks through, then a swift move to $1.80 is likely.
• To the downside, you'd want to see $1.20 hold as support, although the major support is between $0.92 and $1.00. However, we're not confident that $0.92 - $1.00 will be retested.

• Next Support: $1.20
• Next Resistance: $1.60
• Direction: Neutral/Bullish
• Upside Target: $1.60 - $1.80
• Downside Target: $1.20

Cryptonary's take

From an indicator perspective, POP looked as if it needed a more meaningful pullback, having smashed into the $1.50 area. However, we have seen prices consolidate close to the highs, and at the same time, these indicators have now been reset.

Overall, as a POP holder here, I am very pleased with the price action, considering the chart looked cooked a week ago. We're continually seeing strength from POPCAT and now we've seen consolidation at the highs and some of the indicators be reset, my personal feeling is that POP can potentially lead the way on the next leg up. It's strength has been undeniable.