In a volatile market, the memecoin POPCAT is gaining investor interest. After plummeting over 90% in the first quarter of 2025, the token has seen a strong rebound, surging by 47% in the last 30 days.
The technical analysis of POPCAT reveals the formation of a harmonic pattern known as a “Bearish Cypher.” This type of chart structure often precedes a slowdown in the current uptrend. As the token reaches point D of the pattern, estimated at $0.3244, investors should remain cautious.
Several scenarios are emerging:
If the token fails to sustainably surpass the $0.3244 level, it could undergo a correction towards $0.2456 (38.2% retracement) and then $0.1969 (61.8% retracement), following the expected behaviour of a bearish harmonic pattern.
Conversely, a clear breakthrough of the $0.3244 threshold followed by surpassing $0.37 would invalidate the bearish Cypher scenario. POPCAT would then enter a new bullish phase, potentially reaching new highs.
While memecoins have historically been driven by speculation, POPCAT now seems to attract more sophisticated investors. Harmonic analysis, often reserved for seasoned technical traders, reflects the increasing strategic interest in this token.
Its architecture on the Solana network, known for its performance, gives POPCAT a differentiating advantage in the saturated world of memecoins.
As POPCAT approaches a crucial zone of technical resistance, investors would be wise to take a cautious approach. The Cypher harmonic pattern suggests that a short-term trend reversal is possible in this highly speculative market.
Whether or not the $0.3244 resistance is breached will be crucial: a bullish breakout would propel POPCAT to new highs, while a rejection could lead to a temporary corrective phase. Nevertheless, this Solana memecoin remains, in April 2025, a value to closely monitor for investors.
Gaston has been a writer for over 7 years and a passionate cryptocurrency enthusiast since 2020. He loves exploring the crypto ecosystem and is now dedicated to sharing his insights and discoveries through InvestX.
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