$POPCAT Pullback or Hidden Accumulation Zone at 0.057?
POPCAT is currently trading around 0.0579 after a strong rejection from the recent high near 0.0643. On the 15m timeframe, price structure shows a clear lower high followed by consecutive bearish candles, indicating short-term selling pressure.
Key Resistance sits at 0.0601, which aligns with the recent consolidation zone and minor breakdown level. Above that, major resistance remains at 0.0643, the recent swing high. On the downside, immediate Support is forming around 0.0576, which just printed a local low. If this level breaks with volume, the next psychological support could appear near 0.0550.
Although RSI and MACD are not directly visible in the screenshot, the sharp pullback from 0.0643 to 0.0576 suggests RSI likely cooled from overbought conditions and is approaching neutral or slightly oversold territory on lower timeframes. Momentum has shifted bearish short term, but the slowing candle bodies near support hint at possible consolidation.
Market Sentiment right now is short-term Bearish, but approaching a decision zone. Bulls need a reclaim above 0.0601 to regain control. Until then, sellers dominate intraday structure.
Strategy: Wait. Aggressive traders may consider entries only after a confirmed bounce and close above 0.0601. Conservative traders should wait for either a strong support confirmation at 0.0576 or a breakout above resistance.
Is POPCAT preparing for a relief bounce, or is this the start of a deeper correction?
Not Financial Advice. Always manage your risk.
$POPCAT
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