Popcat Shatters Accumulation Phase—$1.04 Resistance Next in Sight
Meme coin mania gets a technical upgrade as Popcat’s breakout pattern signals the end of its accumulation phase. Traders now eye the $1.04 resistance level—because nothing says ’sound investment strategy’ like a cat-themed token mooning while traditional finance sweats over inflation.
Active traders are piling in, betting the volatile asset can claw its way past the psychological barrier. Meanwhile, Wall Street analysts still can’t decide if crypto is a hedge or a hazard—but at least the charts don’t lie (this week).
Key technical points
- Key Breakout Level: Price has reclaimed $0.33, flipping it into support after months of consolidation.
- Bullish Structure Formed: Multiple higher lows and a confirmed trend shift signal strong upward momentum.
- Target Resistance at $1.04: Aligned with key Fibonacci levels and limited overhead resistance.
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 reinforced by consecutive higher lows, pointing to growing demand and 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 strengthens the case for an upward continuation, especially given the low resistance zones between current price levels and $1.04. If volume continues to rise, as currently observed, the move could accelerate swiftly due to limited supply in this range.
From a broader perspective, the market has transitioned from a bearish to a bullish structure. This is evidenced by the breakdown of the previous downtrend, the formation of accumulation, and now the breakout supported by volume and structure. The price now has a clear higher high and higher low, confirming a classic uptrend.
What to expect in the coming price action
With bullish confirmation above $0.33 and increasing volume, Popcat appears poised for a continuation toward $1.04. Traders should watch for healthy consolidation or a minor pullback that forms a new higher low, which WOULD further solidify the uptrend. As long as price holds above the breakout zone, the bulls remain firmly in control.