Solana’s Popcat POPCAT$0.529 gained 30% during Bitcoin’s rally, reaching its record high, but it remains an underperformer YTD.
Related: Bitcoin 'looks exhausted' as next bear market yields $69K target
However, a convincing cup-and-handle formation on POPCAT’s daily chart increases its potential of outperforming Bitcoin in the coming weeks or months.
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As of May 22, the memecoin was testing the pattern’s neckline at $0.57 for a breakout toward $2.50, up by over 350%. This target is obtained by adding the neckline—a potential breakout point—to the cup-and-handle’s maximum height
