PopCat has been riding a strong bullish trend, but now it’s showing signs of hesitation near key resistance. After rallying from the $0.13 region, the asset has posted a series of higher highs and higher lows—textbook signs of bullish market structure. However, the rally is now facing a crucial test around $0.41.
Price is stalling near this resistance level, and early signs of rejection are visible on the lower timeframes. On the 4H chart, this aligns with overhead supply, creating pressure for a potential pullback.
Below current levels, there’s a key zone of interest: a confluence of support including the VWAP SR, the value area high (VAH), and short-term moving averages. If bulls manage to defend this zone and establish another higher low, it could set the stage for another push higher—possibly targeting the $0.71 area, which lines up with a projected bullish extension.
However, if this key support breaks, it would signal the first failure in the current uptrend structure. That would increase the likelihood of a deeper retracement and mark the beginning of a more prolonged consolidation phase.
One important factor that continues to support bullish bias is how the point of control (POC) has consistently acted as a strong demand zone. Buyers have stepped in aggressively from this level before, making it a likely candidate for renewed interest if price retests it.
At this stage, it’s all about reaction. Hold and bounce = bullish continuation. Break and close below support = corrective move likely. Monitor closely.
Price is stalling near this resistance level, and early signs of rejection are visible on the lower timeframes. On the 4H chart, this aligns with overhead supply, creating pressure for a potential pullback.
Below current levels, there’s a key zone of interest: a confluence of support including the VWAP SR, the value area high (VAH), and short-term moving averages. If bulls manage to defend this zone and establish another higher low, it could set the stage for another push higher—possibly targeting the $0.71 area, which lines up with a projected bullish extension.
However, if this key support breaks, it would signal the first failure in the current uptrend structure. That would increase the likelihood of a deeper retracement and mark the beginning of a more prolonged consolidation phase.
One important factor that continues to support bullish bias is how the point of control (POC) has consistently acted as a strong demand zone. Buyers have stepped in aggressively from this level before, making it a likely candidate for renewed interest if price retests it.
At this stage, it’s all about reaction. Hold and bounce = bullish continuation. Break and close below support = corrective move likely. Monitor closely.
Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
partner.blofin.com/d/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
partner.blofin.com/d/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
partner.blofin.com/d/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
partner.blofin.com/d/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.