Technical Analysis of POPCATUSDT (1D)
1. Trend and Market Structure
The price is in a potential reversal phase after a prolonged downtrend.
A base formation can be observed at the bottom, indicating possible accumulation.
There is a consolidation channel, marked in blue, which could serve as an accumulation zone before a potential upward move.
2. Support and Resistance Levels
Support:
The main support zone is at 0.2376 USDT.
If the price fails to hold above this level, a retest of the area below 0.22 USDT is possible.
Resistance:
The nearest resistance zones are at 0.40 USDT, 0.60 USDT, 0.80 USDT, with a global target at 1.00 USDT.
These levels align with the pink horizontal lines on the chart.
3. Indicators and Divergences
RSI Divergence Indicator:
A bullish divergence is visible on the RSI, marked in green (Bull), signaling a possible upward move.
The RSI is currently around 45.39, not indicating overbought conditions, leaving room for potential growth.
Volume:
The 24-hour volume is 68.32M, suggesting increased interest in the asset.
4. Possible Scenario
Bullish Scenario (Primary):
A breakout above the upper boundary of the channel (around 0.27–0.28 USDT) with a retest could push the price toward 0.40 USDT.
If market support continues, the price could reach 0.60–0.80 USDT in the medium term.
Bearish Scenario (Alternative):
If the price fails to stay above 0.2376 USDT, a decline to lower support levels could follow.
Conclusion
A bullish divergence and accumulation are present, providing a basis for an upward breakout.
The key level to confirm the uptrend is 0.27–0.28 USDT.
Main targets in case of an uptrend: 0.40, 0.60, 0.80, 1.00 USDT.
Control level below: 0.2376 USDT (if broken downward, the bullish scenario is at risk).
☑ Recommendation: Monitor the volumes and price reaction around 0.27–0.28 USDT. A breakout above this zone could open the door for a stronger rally.
The price is in a potential reversal phase after a prolonged downtrend.
A base formation can be observed at the bottom, indicating possible accumulation.
There is a consolidation channel, marked in blue, which could serve as an accumulation zone before a potential upward move.
2. Support and Resistance Levels
Support:
The main support zone is at 0.2376 USDT.
If the price fails to hold above this level, a retest of the area below 0.22 USDT is possible.
Resistance:
The nearest resistance zones are at 0.40 USDT, 0.60 USDT, 0.80 USDT, with a global target at 1.00 USDT.
These levels align with the pink horizontal lines on the chart.
3. Indicators and Divergences
RSI Divergence Indicator:
A bullish divergence is visible on the RSI, marked in green (Bull), signaling a possible upward move.
The RSI is currently around 45.39, not indicating overbought conditions, leaving room for potential growth.
Volume:
The 24-hour volume is 68.32M, suggesting increased interest in the asset.
4. Possible Scenario
Bullish Scenario (Primary):
A breakout above the upper boundary of the channel (around 0.27–0.28 USDT) with a retest could push the price toward 0.40 USDT.
If market support continues, the price could reach 0.60–0.80 USDT in the medium term.
Bearish Scenario (Alternative):
If the price fails to stay above 0.2376 USDT, a decline to lower support levels could follow.
Conclusion
A bullish divergence and accumulation are present, providing a basis for an upward breakout.
The key level to confirm the uptrend is 0.27–0.28 USDT.
Main targets in case of an uptrend: 0.40, 0.60, 0.80, 1.00 USDT.
Control level below: 0.2376 USDT (if broken downward, the bullish scenario is at risk).
☑ Recommendation: Monitor the volumes and price reaction around 0.27–0.28 USDT. A breakout above this zone could open the door for a stronger rally.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.