POPCAT Price Witnesses Bullish Move: Could It Touch The $2 Mark

• Popcat price has surged by 100% since June, showing bulls’ strong grip.
• The Popcat crypto price has dropped by 20% in the past 2 days.
• Traded volume has decreased by 34% in the past 24 hours.

In a daily time frame, POPCAT price has been rising, generating higher highs and higher lows. At press time, the digital asset price formed a higher low swing reflecting weakness. Short-term profit booking is expected, so is a new higher low.

Popcat crypto was being traded at $0.810 at press time, which declined by 3.34% in the past 24 hours. Market capitalization was $797.40 Million, and the 24-hour trading volume was $61.92 Million at the time of writing.

The circulating supply is 979,973,185 POPCAT, and the fully diluted market cap is $797 Million. The price has surged by 21337.97% from its all-time low.

Green Candles’ Domination 

A source on X mentioned that POPCAT formed more green candles than red. In the 4-H time frame, the price performed outstandingly after every pullback. The chart displayed a very clean trend, and the volatility has increased.

According to this source, strong buying pressure can be expected if the price goes below the level where the changes happened.

Will it Reach $2 After Pullback?

Based on this source, POPCAT faced resistance from the psychological level of $1. At this level, small players seem to prefer to book profit.

If the price melts to the $0.650 mark, buyers may show interest, which may lead to bullish momentum. If  the trading volume increases at this level, and buyers may be eyeing for a new higher high.

Popcat Price Technical Analysis Over 1-D Timeframe

As per the chart structure, POPCAT has performed positively throughout this year. If the price manages to defend the $0.650 mark, buyers might show interest in the pullback. 

Strong buying pressure can be anticipated if there’s a pullback, and a new all-time high may be recorded. After the pullback, a new higher high can be generated near the $1.50 region.

Alternatively, buyers might panic if the price fails to defend the $0.650 mark. In case there’s no pullback, then a sharp down move could be seen. RSI has generated a death crossover, which supports the bearish forecast.

Based on the technical indicators, POPCAT price is trading over the key moving averages (at press time). The moving averages show buyers are strong enough to lead the bullish trend.

Will POPCAT Price Keep Surging?

Based on the current market analysis and technical indicators, it seems that POPCAT has shown strength and resilience. Also, it indicated the potential for a short-term profit booking and a new higher low. 

The price has faced resistance at the $1 psychological level. However, if it drops to around $0.650, there may be increased buyer interest and bullish momentum. 

Additionally, the price may trigger a pullback and record a new all-time high near the $1.50 territory. However, buyers might panic if the price fails to defend the $0.650 mark, and a sharp downward movement could be observed.

The bearish trend in Popcat crypto price is expected to halt near the $0.650 and $0.380 levels. The immediate resistance levels would be $0.840 and $1.00 mark.

Disclaimer

This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.

Rajat Arya

Rajat is an MBA graduate specialized in finance who is a motivated self-starter, highly organized, and holds a good flair for understanding financial markets. His interest in economics and finance draws his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. His primary focus is on cryptocurrency price analysis and industry news coverage.