Popcat — Testing Resistance with Momentum Building

13 בספט׳

Popcat has been gradually climbing and is approaching a critical horizontal resistance around the $0.70 level. The trend has been constructive, with higher lows forming, and is supported by a rising trendline. This setup suggests that the buyers maintain control, and momentum is building for a potential breakout.



Key Levels to Watch:

• $0.70 resistance: This level is crucial. Popcat has been rejected here several times, and another rejection could lead to consolidation or a pullback toward the trendline.
  
• Support zone around $0.30: In case of a breakdown, Popcat has a strong demand zone between $0.30 and $0.35, which has proven to be a reliable support area in the past.
  

The Bullish Case:
If Popcat manages to break and close above the $0.70 resistance, this could lead to a swift move higher, possibly targeting the previous highs around $1.00. A strong breakout and sustained momentum above the key resistance level would further confirm the bullish case.

The Caution:
Given that Popcat is still facing strong resistance, a failure to break above $0.70 could lead to further consolidation or a pullback to the rising trendline for another test of support. Until there’s a decisive move, entering here might carry higher risk without confirmation of the breakout.