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POPCAT Price Analysis: Bearish Pressure Persists Amid Market Weakness

POPCAT is currently testing a key resistance level on the 4-hour timeframe. A sharp approach followed by a false breakout at the upper boundary of the channel may lead to either a correction or a continuation of the downward movement.

The broader trend remains bearish, with the local price action aligning with the overall market direction. Bitcoin has yet to act as a catalyst for altcoin recovery, and recent economic events have further pressured the market. Additionally, expectations surrounding political developments have not provided the anticipated support for cryptocurrencies.

From a technical perspective, POPCAT is testing resistance within the descending channel. A sustained move below $0.322 could trigger further selling pressure.

Key Levels to Watch:

Resistance: $0.322 (Correction resistance)

Support: $0.2386, $0.1596

While a retest of the correction channel resistance is possible, the prevailing bearish sentiment and overall market weakness suggest that the downtrend may continue.
moonypto
SOLUSDT Coinbase will support Popcat (SOL) (POPCATUSDT) and Pudgy Penguins (PENGUUSDT) on the Solana network ($SPLusdt token) and reminds users not to send these assets over other networks to avoid losing funds. Trading will begin on or after 9 AM PT on February 13, 2025, if liquidity conditions are met.


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