#POPCATusdt 1w- as long as it stays above the 0.210 resistance on the weekly chart, the targets are 0.850-1.00-1.50-2.08-4.60-5.00
And it can retest the 0.210 resistance from the levels of 0.85-0.88 in accordance with the scheme and head towards the targets
chart analysis @lunyoner
1. Formations and Technical Structure
There is a clear falling wedge formation in the chart. This formation has broken out upwards. Currently, the price is testing the first resistance area after the breakout of the wedge.
2. Support – Resistance Levels
• Supports:
• 0.365 USDT → retest area after breakout (within the gray area)
• 0.210 USDT → the starting base of the formation
• 0.125 – 0.095 USDT → macro dip area
• Resistances:
• 0.495 USDT → first target and scheme resistance
• 0.770 USDT → strong past resistance horizontally
• 1.45 – 2.08 USDT → long-term targets (final of the scheme)
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3. Targets and Prices
• Short-term target: 0.495
• Medium-term target: 0.770
• Long-term target: 1.45 → 2.08 (peak of the scheme)
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4. RSI - Volume and Momentum
• RSI: Rising towards the 60 level. Although it is approaching the overbought zone, there is still potential.
• Volume: High with the breakout. There is confirmed breakout volume.
• Momentum: Positive with increasing buying volume.
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5. Trend Direction and Roadmap
• Trend: An upward trend has started after breaking the downward trend.
• Roadmap:
• 0.43 → breakout
• 0.495 → resistance
• Correction: retest to 0.365
• Then 0.770 and 1.45 can be tested sequentially.
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6. Strategy and Recommendation
• Current situation: The price has received upward confirmation after the breakout.
• Strategy:
• Profit realization can be done at the first target (0.495)
• The 0.365 levels can be evaluated as a buying opportunity for retest
• Long-term positions can be moved to targets 0.770 – 1.45
• Stop area: Close below 0.295 means cancellation of breakout
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7. Summary
This chart structure and bullish scheme show us that the exit from the downward trend has been confirmed and the bullish targets will be tested gradually. Especially, as long as there is no close below 0.365, the structure is not expected to break.