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Solana-based POPCAT price prediction: After 482% boom, is $0.66 on the way?

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A deeper price retracement toward the $0.2 support zone before another rally is anticipated.

Popcat price prediction: After 482% boom in 10 days, is $0.66 on the way?
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  • POPCAT maintained a bullish market structure and the pullback has been minor.
  • A deeper correction is anticipated, but the selling pressure was weak at press time and such a drop could take time.

Popcat [POPCAT] made gains of 482% from the 17th to the 26th of April. It had a market cap of $406 million at press time.

The recent gains brought it to the spotlight and speculators have piled on in hopes of making a quick profit.

Technical analysis showed that the structure and momentum were bullish but could turn bearish in the near term.

A deeper retracement could come in the following weeks after the sizeable rally it made earlier this month.

Plotting the Fibonacci retracement levels

POPCAT 4-hour Chart

Source: POPCAT/USDT on TradingView

The market structure on the 4-hour chart was strongly bullish. The near 500% gains saw a minor retracement to the $0.328 level. This region is a former resistance zone that was flipped to support.

Moreover, the Fibonacci retracement levels (pale yellow) outlined the $0.328 and $0.195 as the levels to watch. Both levels stand at a technical support zone based on the price action earlier this month.

The RSI on the 4-hour chart was at 48, showing a potential shift toward bearish. The OBV maintained its uptrend despite the pullback from $0.555 in recent days.

To the north, $0.669 is also a resistance level of interest.

Sentiment was beginning to weaken again

Popcat Open Interest

Source: Coinglass

The strong gains ten days ago saw millions of dollars flow into the futures market as speculators flocked to POPCAT. In the past five days, the price began to pull back, and bearish sentiment gained some strength.


Realistic or not, here’s POPCAT’s market cap in BTC’s terms


The Open Interest was slowly falling lower as conviction in the short-term bullishness of the meme token began to falter. This is expected to continue.

A deeper price retracement toward the $0.2 support zone before another rally would be healthy. It would also give the market time to consolidate after the recent gains.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

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Akashnath S is a Senior Journalist and Technical Analysis expert at AMBCrypto. He specializes in dissecting price action, identifying key market trends through advanced chart patterns, and forecasting both short-term and long-term asset trajectories. His distinct analytical method is grounded in his academic training as a Chemical Engineer. This background provides him with a systematic, process-oriented approach to market data, enabling him to analyze the complex dynamics of financial markets with precision and objectivity. Having actively covered the cryptocurrency space since the landmark 2017 market cycle, Akashnath possesses years of experience navigating both bull and bear markets. This seasoned perspective is critical to his insightful reporting on market volatility and evolution. As an active market participant, Akashnath enhances his analysis with crucial, hands-on experience. This practical application of his technical skills ensures his insights are not merely theoretical, but are also relevant and actionable for an audience looking to understand and navigate trading opportunities. He is dedicated to educating readers on the nuances of technical analysis, empowering them with the knowledge to make more informed financial decisions.
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