POPCAT price is gaining strong bullish traction following a confirmed breakout from a falling wedge pattern, signaling the potential for a 97% move toward the $0.65 resistance level.
The breakout occurred after a prolonged consolidation within the falling wedge throughout May and June—a classic bullish reversal formation. After breaking out, POPCAT retraced to retest the breakout level near $0.28, where strong buying interest emerged, confirming the pattern’s validity.
Currently trading around $0.33, POPCAT is continuing its upward move, reclaiming territory lost during the prior downtrend. The price is now retesting a key horizontal support zone from late April, which previously acted as a launchpad for a sharp rally to the wedge’s upper boundary.
Today’s daily candle is holding firmly above the 20-day EMA, indicating a shift in short-term momentum toward the bulls. Additionally, trading volume spiked during the retest, providing further confirmation of renewed buying strength.
