Popcat up 23% in 3 days, targets THIS cost level next

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• Popcat saw a breakout past the $1.5 resistance zone just recently.
• The high need and trading volume laid out a bullish intent.

Popcat [POPCAT] was up 6.3% within a day and has actually acquired 23.85% because Saturday’s lows at $1.34. The meme coin saw its momentum decrease recently, however the bulls saw a renewal over the weekend.

With Bitcoin [BTC] breaking out of its coming down channel and climbing up above the $70k mark, the belief throughout the marketplace was securely bullish. Popcat might rise greater, however there is capacity for a correction towards $1.4.

Bulls break previous regional highs, target $2.5

Source: POPCAT/USDT on TradingView

Popcat has actually made a series of greater highs and greater lows considering that the last week of August, and the token kept this uptrend.

It saw a debt consolidation listed below the $1.5 area, at press time, however has actually decisively broken out over the previous 5 days.

On the day-to-day timeframe, the RSI had actually fallen towards the 50 mark however stayed bullish. It started to press greater in current days and does not reveal a bearish divergence. The OBV likewise shot past a regional resistance level.

The increased need for the meme integrated with Bitcoin’s motivating rate motion suggested that additional gains were most likely.

The Fibonacci extension level at $1.72 was evaluated in current hours. It is most likely to be broken in the coming days. This would provide the $2.11 and $2.5 levels as the next bullish targets.

Possible for a short-term POPCAT correction

The liquidation levels for the previous week revealed that the $1.62-$1.72 was a substantially strong magnetic zone for the costs. The bullish momentum of the previous 2 days has actually brought POPCAT to this area.

Check out Popcat’s [POPCAT] Rate Prediction 2024-25

The next liquidity swimming pool of note sat at the $1.4 level. As things stand, it is not likely that such a drop will occur, as the rate is not overextended.

Traders must be careful, because BTC is near its ATH and volatility is most likely to be high.

Disclaimer: The info provided does not make up monetary, financial investment, trading, or other kinds of guidance and is exclusively the author’s viewpoint

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