the memecoin has been testing the supply zone
POPCAT's price has shown a bullish trend, supported by a crucial trendline. In the daily chart, POPCAT price is experiencing an upward expanding channel, consistently reaching higher highs.
It has effortlessly surpassed the 20-day and 50-day EMA bands and is now moving from the lower to the upper border of the wedge.
Recently, the memecoin has been testing the supply zone created by the previous swing high at $0.99997. Once this level is cleared, the path towards the upper border target will be open.
This September has been particularly bullish, with POPCAT price surging nearly 110% in the last 17 days, largely thanks to the BTC rally, as it tends to follow BTC's sentiment like other market players.
An intraday gain of 9% suggests a strong potential for more acceleration in gains ahead. At the time of writing, POPCAT was at $0.933.
In the event of a significant rise, near-term targets for buyers could be $1.00 and $1.20.
Conversely, if bearish pressure increases, sellers might aim for support levels at $0.75 near the lower border, and if that is breached, $0.60.
It has effortlessly surpassed the 20-day and 50-day EMA bands and is now moving from the lower to the upper border of the wedge.
Recently, the memecoin has been testing the supply zone created by the previous swing high at $0.99997. Once this level is cleared, the path towards the upper border target will be open.
This September has been particularly bullish, with POPCAT price surging nearly 110% in the last 17 days, largely thanks to the BTC rally, as it tends to follow BTC's sentiment like other market players.
An intraday gain of 9% suggests a strong potential for more acceleration in gains ahead. At the time of writing, POPCAT was at $0.933.
In the event of a significant rise, near-term targets for buyers could be $1.00 and $1.20.
Conversely, if bearish pressure increases, sellers might aim for support levels at $0.75 near the lower border, and if that is breached, $0.60.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.