POPCAT (POPCAT) is showing early signs of life as it presses against a level it hasn't cleared in over two months

POPCAT is showing early signs of life as it presses against a level it hasn't cleared in over two months. But can this altcoin finally shift momentum and kickstart a fresh trend?

POPCAT price has encountered a significant resistance level at $0.39, which it has struggled to clear in the past. However, the cryptocurrency is showing early signs of life as it presses against this zone once again.

This time, POPCAT has encountered this resistance on the third attempt, and it appears to be grinding into it with more strength. Additionally, the technical structure in the intermediate term may be setting up for a potential shift in momentum.

Key technical points

The $0.39 resistance was last broken down with conviction back in December 2023, and it has acted as a ceiling since then, suppressing any attempts at reclaiming it.

However, the current push appears more constructive, as the price is encountering this zone with strength after two previous rejections.

Moreover, the structure from the mid-term perspective resembles a classic deviation setup. In this case, what we want to see next is acceptance above the $0.39 mark—not just a wick or an intraday spike.

Key levels to watch

On the upside, the next major resistance levels to consider are $0.70 and then $0.95. These align with prior distribution zones and could be tested quickly if momentum builds.

Volume confirmation will also be crucial. A low-volume breakout would be treated with more caution, whereas a strong influx will lend credence to the structural shift.

What to expect in the coming price action

Technically, POPCAT remains bullish as long as it holds the $0.39 area once (and if) it’s broken.

The breakout and retest of this zone will be critical to watch for, as it would indicate true acceptance and increase the probability of a continuation play.

A failure to hold above this region, however, may result in another rejection and range-bound price action, delaying any further breakout attempts.

For now, POPCAT is at a decision point, and how it behaves over the coming days will determine whether this is just another fade or the start of a much larger rally.

News data source: kdj.com

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