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Cryptocurrency News Articles

Popcat (POPCAT) Has Broken Out of Its Range, Reclaiming a Key Level and Igniting a Bullish Rally

May 10, 2025 at 02:13 am

Momentum now points toward a potential explosive move to $1.04. After being trapped in an accumulation phase since February, Popcat (POPCAT) has finally broken out

Popcat (POPCAT) Has Broken Out of Its Range, Reclaiming a Key Level and Igniting a Bullish Rally

Popcat has reportedly broken free from months of range-bound trading, reclaiming a key level and igniting a bullish rally that could propel the token toward a significant resistance zone.

Here's a breakdown of the recent developments in Popcat (POPCAT) price action and the technical factors that could influence the token’s next move.

Popcat breaks out from key level after months of consolidation

After being largely contained in an accumulation phase since February, Popcat finally broke out with strong bullish momentum. The move comes as price action confirms acceptance above the critical $0.33 level, setting the stage for a potential rally toward the next major resistance near $1.04.

Technical breakdown

The structure of Popcat has shifted significantly in recent weeks. After forming a base through an extended accumulation phase, price has now reclaimed the $0.33 level, a major technical pivot. This level previously acted as resistance but now confirms strong support, allowing bulls to take control of the market. The bullish structure is evident in the formation of higher lows, indicating sustained buying pressure.

One of the most notable technical alignments is the confluence between the $1.04 resistance level and a significant Fibonacci retracement zone. This observation further strengthens the case for an upward continuation, especially considering the minimal resistance zones between current price levels and $1.04. If volume continues to increase, as currently witnessed, the move could escalate rapidly due to limited supply in this price range.

From a broader viewpoint, the market has transitioned smoothly from a bearish to a bullish structure. This shift is noticeable with the breakdown of the previous downtrend, the formation of accumulation, and now the breakout, all supported by volume and structure. The price now displays a higher high and higher low, confirming a classic uptrend.

What to expect next in Popcat price action

With bullish confirmation above $0.33 and increasing volume, Popcat appears poised for a continuation toward $1.04. Traders should observe healthy consolidation or a minor pullback that forms a new higher low, which would further solidify the uptrend. As long as price remains above the breakout zone, the bulls maintain a strong presence in the market.

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Other articles published on May 11, 2025