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crypto.news 2025-04-29 17:18:35

PopCat poised at critical higher low support: can bulls trigger a 100% rally?

PopCat poised at critical higher low support: can bulls trigger a 100% rally?

PopCat is holding at a pivotal higher low support region. If the price reclaims resistance at 40.40 with volume and a bullish retest, it could ignite a rally toward 71.00, nearly doubling from its current value. PopCat ( POPCAT ) is currently trading at a make-or-break level, where the potential for a major bullish breakout is counterbalanced by key resistance overhead. The asset is forming a possible higher low at a critical support area, backed by multiple technical confluences. A decisive break above resistance could trigger a significant move, while continued rejection may signal fading momentum. Key technical points Major Resistance: 40.40 remains the primary ceiling and must break with volume to validate bullish continuation. Key Support Zone: 33.33 is the must-hold level to maintain the structure of a higher low. Confluence Levels: 0.618 Fibonacci, volume support, and value area high reinforce the current support zone. PopCat USDT (6H) Chart Source: TradingView PopCat has made two recent attempts to breach the 40.40 resistance but failed to follow through, resulting in shallow pullbacks. This makes the 40.40 level a major technical barrier. A decisive close above this resistance with volume confirmation will shift momentum in favor of the bulls and potentially unlock a rally toward 71.00, marking nearly a 100% gain from current levels. On the flip side, support at 33.33 remains intact and is key to holding the higher low structure. This region is supported by the 0.618 Fibonacci retracement and value area high, making it a strong technical floor. If this level holds while resistance is reclaimed, it provides a low-risk swing opportunity targeting the upper range. You might also like: Can XRP price rise to $5 if the SEC approves Ripple ETFs? However, price continues to linger under resistance, and time is of the essence. The longer PopCat trades beneath 40.40 without reclaiming it decisively, the lower the odds of a bullish expansion in the near term. Traders should be cautious of any prolonged hesitation under resistance, as this could reflect underlying market weakness. What to expect in the coming price Action If price holds the higher low support and breaks above 40.40 with strong volume, expect a fast move toward 71.00. However, continued rejection from resistance will likely invalidate short-term bullish setups and delay any meaningful upside. The bullish case is simply a break and close above 40.40 resistance with volume confirmation, targeting the 71.00 level. The bearish case is a failure to reclaim resistance, and a loss of 33.33 support opens the door for a deeper retracement and invalidation of the higher low thesis. Read more: Sonic to upgrade from bridged to native USDC, adds CCTP V2 support

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