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Let’ analyse POPCATUSDT:
POPCAT has successfully broken out of its falling wedge pattern, which often signals a downtrend’s end. However, the current price action still remains below a critical resistance zone, highlighted in red on the chart.
This red zone has historically acted as a pivotal breakout area. The last time price broke above this region, it triggered a massive bullish rally. A similar setup is unfolding now, but confirmation is still required.
To establish a sustainable bullish trend, POPCAT must break and close above the red zone, followed by the formation of a Higher High (HH) and Higher Low (HL). This structure would indicate a shift in market sentiment and could open the door for further upside movement.
On the contrary, failure to break this resistance zone may lead to a Lower High (LH) and subsequently a Lower Low (LL), pushing the price back toward the strong support zone highlighted in green. A rejection here would likely invite increased selling pressure and a deeper correction.
Key Levels to Watch:
* Breakout Zone: Around 0.25 – 0.28 USDT
* Strong Support Zone: 0.09–0.13 USDT
* Confirmation of trend reversal: HH above 0.28 and HL on the retest
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