crypto.news 2025-04-24 22:18:14

POPCAT eyes breakout moment after months of pressure below major level

POPCAT is showing early signs of life as it presses against a level it hasn’t cleared in over two months. But can this altcoin finally shift momentum and kickstart a fresh trend? POPCAT (POPCAT) is currently trading at a region that has historically acted as a price ceiling, the $0.39 level. This zone has suppressed price action for over 78 days, with each attempt at reclaiming it quickly being rejected. However, the current push appears more constructive, as the price grinds back into this level with strength. That said, a breakout alone isn’t confirmation, rather price acceptance and a structure retest are still necessary before any sustained upside can be considered likely. Key technical points The $0.39 region is a historical resistance level that has not been held above for more than two months. Current price structure shows an attempt to reclaim this level with strength after a prolonged consolidation beneath. A successful breakout and bullish retest could quickly drive price action toward higher targets near $0.70 and $0.95. POPCAT USDT (1D) Chart Source: TradingView The $0.39 resistance was last broken down with conviction and has held as a ceiling since, suppressing upside momentum and leading to a prolonged accumulation range. This made the level significant not just technically but also from a psychological perspective for both bulls and bears. Now, POPCAT is pushing back into this area with improved market intent, hinting at a possible deviation and reclaim structure. This structure resembles a classic deviation setup, where the market fails to sustain a breakdown and flips resistance into support. In this case, what we want to see next is acceptance above the $0.39 mark — not just a wick or intraday spike. Multiple candle closures above the level, followed by a successful bullish retest, would be the key confirmation traders should watch for. You might also like: $7.25b in Bitcoin options set to expire, market poised for big move If such a move plays out, the next major resistance levels to monitor are $0.70 and then $0.95. These align with prior distribution zones and could be tested quickly if momentum builds. Volume confirmation will also be crucial, a low-volume breakout would be treated with caution, whereas a strong influx will lend credence to the structural shift. What to expect in the coming price action POPCAT remains in a technically bullish posture as long as it holds the $0.39 area once (and if) it’s broken. Watch for a confirmed breakout and retest , this would signal true acceptance and raise the probability of a continuation play. A failure to hold above this region, however, may result in another rejection and range-bound chop, delaying any further breakout attempts. For now, the price is at a decision point, and how it behaves over the coming days will determine whether this is just another fade or the start of a much larger rally. Read more: Top three altcoins to buy instead of XRP in the dip- Dogecoin, Solana and ONDO