Popet demonstrates the early signs of life, as he presses to a level that he has not clarified for more than two months. But can this altcoin finally change the impulse and start a new trend?
Popcat (Popcat) is currently traded in the region, which historically acted as a price ceiling, a level of $ 0.39. This zone suppressed the price action for more than 78 days, and each attempt to restore it is quickly rejected. Nevertheless, the current is a more constructive, since the price is overloaded to this level with force. Nevertheless, only a breakthrough is not a confirmation, rather the acceptance of prices and re -testing the structure is necessary before any sustainable potential can be considered probable.
Key technical points
- The region is 0.39 dollars. This is the historical level of resistance, which was not carried out above for more than two months.
- The current price structure shows an attempt to return this level with force after prolonged consolidation below.
- A successful breakthrough and a bull -shocked re -test can quickly lead to price actions in the direction of higher targets of about $ 0.70 and $ 0.95.
The resistance in the amount of $ 0.39 was last destroyed with conviction and has since kept as a ceiling, suppressing the impulse up and led to a long range of accumulation. This made the level significant not only technically, but also from the psychological perspective for bulls and bears. Now the ass is returned to this area with improved market intentions, hinting at the possible deviation and restoration of the structure.
This structure resembles a classic setting of deviation, where the market cannot withstand a breakdown and switches the resistance in support. In this case, we want to see to take higher marks in the amount of 0.39 dollars, and not just a wick or intraday surge. Numerous closes of suppositories are higher than the level, followed by a successful bull -repeated test, will be a key confirmation that traders should follow.
If such a move is played out, the following main levels of resistance for monitoring are 0.70 US dollars, and then $ 0.95. They coincide with previous distribution zones and can be quickly checked if the pulse is growing. Confirmation of the volume will also be crucial, a breakthrough with a low volume of volume will be careful, while a strong influx will give confidence in the structural shift.
What to expect in the upcoming price action
The ass remains in a technically bull position if he holds the area for $ 0.39 once (and if) is broken. Follow the confirmed breakthrough and repeated testing, this signals the true acceptance and increase the likelihood of continuing the game. However, the inability to keep above this region can lead to another deviation and segment, delaying any further attempts to break through.
At the moment, the price is at the point of solution, and how it behaves in the coming days will determine whether this is simply another attenuation or the beginning of a much larger rally.
