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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