$POPCAT has been in a downtrend, struggling to break above the 30 EMA. Every time the price touched it, it got rejected and dropped again. You can observe this on the chart in the circled areas. The 30 EMA on the daily chart is acting as a strong resistance.
Right now, $POPCAT is moving toward the 30 EMA again. The big question is: Will it finally break through, or get rejected once more? This level is key for the next move.