POPCAT / TETHERLong
expanding channel upwards in the daily chart
In the crypto space, unlike any other meme coins, the POPCAT price has shown a bullish angle, where a crucial support trendline was at play.
With an expanding channel upwards in the daily chart, the POPCAT memecoin has built a higher high spree.
Recently, the Price of memecoin has been testing the support trendline around the point of contact of $0.05238. The intraday gain of 6.50% highlights a possibility of a strong bounce back from the support trendline. The POPCAT was at $0.5706 at the time of writing.
Therefore, in case of a significant rise, the near-time targets buyers could seek would be present at $0.6500 and $0.8000, respectively.
However, in case of increased bearish pressure, the sellers could eye the support levels of $0.4050 near the lower border and, once taken down, $0.2545.
With an expanding channel upwards in the daily chart, the POPCAT memecoin has built a higher high spree.
Recently, the Price of memecoin has been testing the support trendline around the point of contact of $0.05238. The intraday gain of 6.50% highlights a possibility of a strong bounce back from the support trendline. The POPCAT was at $0.5706 at the time of writing.
Therefore, in case of a significant rise, the near-time targets buyers could seek would be present at $0.6500 and $0.8000, respectively.
However, in case of increased bearish pressure, the sellers could eye the support levels of $0.4050 near the lower border and, once taken down, $0.2545.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.