POPCAT price prediction – Analyzing memecoin’s key breakout levels

POPCAT Price Prediction: Is This Meme Coin About to Purr-fect a Comeback?

Hike in daily trading volume and spot CVD underlined short-term bullish expectations
A range breakout and greater demand could see POPCAT climb to the next resistance at $0.345

Well, well, well, look what’s happening here! POPCAT, the cat-based memecoin, has been on a wild ride. It fell by 15% from last Saturday’s daily trading session open, but then, in a shocking turn of events, it bounced back from Monday’s lows and formed a short-term range on the daily chart. Who knew cats could be so resilient? 🐱

This has presented traders with opportunities, and investors could also want to add to their holdings. But let’s be real, folks, the memecoin market has been a bit of a dumpster fire over the last two months. So, caution is necessary. The risk-to-reward for investors could be lucrative, but don’t say I didn’t warn you… 😏

Downtrend’s strength poses significant threat to POPCAT’s recovery

The 20 and 50-period moving averages are like two grumpy old men who refuse to get out of bed. They’ve been bearish since early December, and POPCAT was unable to overcome even the 20 DMA. And to make matters worse, the trading volume has ramped up over the past six weeks as the downtrend progressed below the September lows. It’s like the whole world is conspiring against this poor cat. 🤣

The rising selling volume was captured on the A/D indicator, which made new lows alongside the price. And, if that wasn’t enough, the Fibonacci extension levels revealed that $0.0795 would be the next target if the downtrend continues. Joy. Just what we needed. More bad news. 😩

The 4-hour chart showed a range formation between $0.184 and $0.27. At press time, POPCAT was trading just below the range highs. But don’t get too excited, folks, the Awesome Oscillator, which had been bearish on the daily, was on the verge of a bullish crossover on the H4 chart. It’s like the cat is trying to tell us something… 🤔

A move beyond $0.27 and a retest as support would offer a buying opportunity. To the north, the next significant lower high from the downtrend was at $0.345. So, if you’re feeling lucky, go ahead and take a chance. But don’t say I didn’t warn you… 😳

Finally, Coinalyze data revealed that the spot CVD and Open Interest increased during the bounce from the range lows in recent hours. CoinMarketCap data also reflected a 185% increase in daily trading volume, at press time. But, as we all know, the funding rate is like the cat’s mood swings – it’s always changing. 😾

Read Popcat’s [POPCAT] Price Prediction 2025-26

Swing traders can use a rejection from the range highs to enter short positions, or look to trade the breakout. But let’s be real, folks, memes have depreciated vastly since December. And, cat-themed tokens are not as popular as dog-themed ones. It’s like the cat is trying to tell us something… 🐶

2025-02-09 08:10

Downtrend’s strength poses significant threat to POPCAT’s recovery

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