POPCAT has seen an impressive bullish trend since hitting a low of $0.13. However, the memecoin is now encountering major resistance around $0.41. Traders are on the brink of a decision: will there be a correction or will the rally continue?
Since its technical rebound from the $0.13 support, the cryptocurrency POPCAT has displayed a sequence of higher highs and higher lows, forming a clearly bullish market structure. This setup mirrors the current resurgence of interest in many meme coins, particularly those associated with the Solana ecosystem.
However, the price evolution of POPCAT is now facing a major resistance around $0.40 to $0.41, which acts as an immediate barrier to the continuation of the bullish trend. The price behavior near this critical level could redefine the underlying trend in the medium term.
On the H4 time frame, the cryptocurrency POPCAT maintains an overall bullish configuration. However, the rejection observed near $0.41 indicates hesitation from buyers to surpass this level without prior consolidation.
If the price manages to stabilize above the technical supports – especially the convergence zone between VAH, moving averages, and VWAP – it would validate the formation of a new higher low. In this scenario, a decisive breakout of the resistance would theoretically allow for a bullish extension towards the psychological target of $0.71.
Conversely, a breakdown of the support zone around $0.35 – also located below the POC – could indicate the end of the short-term bullish momentum. The POC has historically acted as a volume attraction point for buyers, and a price drop below this zone would pose an increased risk of correction towards lower levels, around $0.28.
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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