Crypto News

Popcat signal end of the accumulation, resilience levels to 1.04 USD

Popcat released from months of connection-related trading, returning at the key level and set fire to the bully. Momentum now points to a potential explosive move to $ 1.04.

After being trapped in the accumulation phase of February, Popcat (Popcat) He finally broke out a strong momentum. The move comes as an action price confirms acceptance above the critical levels $ 0.33, marking the movement to the market structure from neutral to resolute-bull. This interruption sets the potential set according to the following main resistance near 1.04 USD, with a favorable amount and technical mouth that supports the move.

Key technical points

  • Key break level: The price regained $ 0.33, rolling it in support after monthly consolidations.
  • The bull structure was formed: Multiple multi-pods and confirmed signal signal signal strong upward.
  • Target resistance 1.04 USD: Align themselves with key levels of fibonation and limited overview.
Popcat Signal Endear End of Accumulation, Objectives Resistance level for $ 1.04 - 1
Popcatusdt (1d) Graph, Source: Tradingview

Crush

The structure of Popcata moved significantly in recent weeks. After forming a base through an expanded phase of accumulation, the price now regained a level of $ 0.33, the main technical turn. This level has previously acted as resistance, but now confirms strong support, allowing the bulls to take control of the market. The bell structure is reinforced in consecutive larger pucks, pointing to the growing demand and lasting pressure of the purchase.

One of the most prominent technical settlements is the estuary between the level of resilience to 1.04 USD and a significant retractification zone of the Fibonacci. This strengthens the case to continue, especially with regard to low resistance zones between current price levels and 1.04 dollars. If the volume continues to grow, as currently observed, the move could speed up quickly due to limited offer in this range.

From the wider perspective, the market crossed the bear in noise structure. This testifies to the termination of the previous trend, the formation of accumulation, and now an interruption that supports the amount and structure. The price now has a clear higher high and larger low, confirming the classic remains.

What to expect in the upcoming price of the store

Using a bicary confirmation above $ 0.33 and increasing volumes, Popcat seems ready to continue to $ 1.04. Merchants should watch a healthy consolidation or less feedback forming a new higher low, which would further strengthen the trend. As long as the price contains above the stop zone, the bulls remain tightly to control.

https://crypto.news/app/uploads/2024/08/crypto-news-Chart-of-the-week-Popcats-rally-shows-signs-of-exhaustion-option01.webp

2025-05-09 21:13:00

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button