A lot of Solana-based meme coins have been in the spotlight over the past few days, with Popcat posting massive gains since yesterday. It is currently one of the trending tokens on DexScan as per CMC data. Prior to the latest surge in volatility, Popcat went through downturns in the first quarter of the year due to an increasing supply, though it found support at $0.118 a few weeks back after revisiting its bottom. Initiating a fresh buy from the bottom, it surged to a key resistance level of $0.3 with a V-shaped pattern and entered a consolidation mode due to a rejection. This brought a little indecisiveness in the market, but the $0.22 level provided support, and the price slowly increased daily. Things got more interesting this week following a significant break above the key resistance, and the price almost hit the $0.43 level in the past few hours. Despite the slight daily rejection, which caused a little slowdown in buying pressure, it still targeted a key level that broke on January 24. A surge through that level could fuel a rally into the psychological $1 level before halting buying. Reclaiming the $2 level in the process could lead to a complete reversal in the mid-term bearish trend, while the bulls gain control. Popcat’s Key Levels To Watch Source: Tradingview Approaching a close resistance level of $0.53, a surge through it could allow more recoveries to the $0.75 resistance and potentially $1. In case of a pullback, the $0.3 level could serve as support. If it fails to produce a rebound, there’s immediate support at $0.22. Right below it lies the $0.15 level and the recent $0.118 bottom. Key Resistance Levels: $0.53, $0.75, $1 Key Support Levels: $0.3, $0.22, $0.15 Spot Price: $0.41 Trend: Bullish Volatility: High Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !
