Is POPCAT Ready to Explode ?

The cryptocurrency market is showing early signs of recovery, with Bitcoin (BTC) bouncing back from its weekly low of $76,000 to currently trading around $83,000.

The cryptocurrency market is showing early signs of recovery, with Bitcoin (BTC) bouncing back from its weekly low of $76,000 to currently trading around $83,000.

After months of significant corrections across the market, memecoins, especially POPCAT (POPCAT) based on Solana, have suffered heavy losses, plummeting 80 to 93% over the last 90 days.

However, as the market stabilizes, POPCAT is starting to show promising signs of a rebound. Over the past week, it has displayed notable gains after holding firmly at key support levels.

This surge comes especially after the announcement of its listing on Robinhood, a reputable exchange in the cryptocurrency space.

Interestingly, the token is forming a V-bottom pattern, a classic bullish reversal structure that often signals the start of a trend change.

POPCAT was one of the first tokens to ride the memecoin wave based on Solana, soaring +857% to reach its all-time high of $2.08 on November 18, 2024. However, the excitement was short-lived as the token entered a deep correction phase, plunging 93% from its peak.

Now, POPCAT seems to have found strong support at $0.13, a crucial support zone. This level has become a base for a potential rebound, with buyers slowly regaining control. The token is currently trading around $0.19, showing bullish signals.

Indeed, POPCAT has just broken and is holding above its 3H Ichimoku cloud. Currently up 10% today, it could extend its 10% rise in the next 24 hours aiming for the resistance at $0.22 on the Mean Reversion Channel.

Key Levels for Confirmation of the Uptrend

In the long term, for a major uptrend in POPCAT, it will be essential to keep in mind that the protected high of $0.63 is a crucial resistance to break to finally push the memecoin towards new ATH.

Before that, the range between $0.37 and $0.40 could also curb POPCAT’s momentum and must also be breached.

A decisive breakthrough above these levels would confirm a trend reversal, likely triggering new buying interest and hence additional upside potential.