#popcat

PopCat has been riding a strong bullish trend, but now it’s showing signs of hesitation near key resistance. After rallying from the $0.13 region, the asset has posted a series of higher highs and higher lows—textbook signs of bullish market structure. However, the rally is now facing a crucial test around $0.41.

Price is stalling near this resistance level, and early signs of rejection are visible on the lower timeframes. On the 4H chart, this aligns with overhead supply, creating pressure for a potential pullback.

Below current levels, there’s a key zone of interest: a confluence of support including the VWAP SR, the value area high (VAH), and short-term moving averages. If bulls manage to defend this zone and establish another higher low, it could set the stage for another push higher—possibly targeting the $0.71 area, which lines up with a projected bullish extension.

However, if this key support breaks, it would signal the first failure in the current uptrend structure. That would increase the likelihood of a deeper retracement and mark the beginning of a more prolonged consolidation phase.

One important factor that continues to support bullish bias is how the point of control (POC) has consistently acted as a strong demand zone. Buyers have stepped in aggressively from this level before, making it a likely candidate for renewed interest if price retests it.

At this stage, it’s all about reaction. Hold and bounce = bullish continuation. Break and close below support = corrective move likely. Monitor closely.