The Popcat crypto price is keeping its range intact near a round level of 0.01 USD on Thursday. The crypto is delivering a sideways outlook at the lows indicating a potential recovery after the formation of a new swing low.
Earlier, the crypto maintained a strong bearish outlook in January which led to the formation of a downward trajectory. The price dropped continuously forming lower highs and lower lows.
However, in the last couple of sessions the bulls have successfully defended the lows intending to push the price higher. The bears are failing to form a new swing low which shows the weakness in the downtrend.
Currently, the buyers have established themselves near the $0.06 level whereas the sellers are holding themselves near the recent swing high of $0.01 level. As observed in 4 hours the price is headed gradually towards the higher side.
Taking precisely, the recent supply has been tested multiple times which shows the weakening of the supply zone. It signifies the sellers are shifting from aggressive to a defensive mode.
On the other side, the recent low and demand level has not been tested yet indicating the strength and pending buying orders near the support. If the price drops it might rebound from the demand zone.
Popcat Price Technical Analysis
From a technical perspective, Popcat crypto price hovers below the 50-Day and 200-Day exponential moving averages, suggesting a bearish trend prevailed in recent sessions.
Currently, the buyers are struggling to conquer the 50-Day EMA. Fresh upside moves may be observed on the chart if POPCAT breaks and sustains above the 50-Day EMA on the daily chart.
At the time of writing, RSI was placed at 47.35 points and that of the SMA line was placed at 42.29 points indicating a neutral to bullish outlook in the short term.
Popcat Price Volume Analysis
The volume analysis shows that the POPCAT crypto received 1.794 Million USD Volume in the past 24 hours which is 53% more than that of the previous day. The volume to market capitalization ratio is 20.12% indicating high volatility.
Popcat Price Prediction for February 2024
The positive view of analysts predicts an upside potential of nearly 24% in February 2024, if the crypto is able to sustain above the 50-Day EMA. It could take the POPCAT token price near the recent swing high at $0.0125.
On the contrary, the bearish view of analysts predicts that the price could drop to the $0.075 and $0.05 levels after the breakdown of the 50-Day EMA.
Popcat Price Prediction for 2024
The price prediction for 2024 shows that the POPCAT token may advance to a high of $0.0194 by the end of 2024. The less optimistic analysts estimate a price target of $0.0147 by the end of the year.
Popcat Price Prediction for 2025
Over the next two years, The POPCAT price may hit the $0.026 mark, suggesting an upside potential of 173.41% by 2025. The pessimistic view is that the price could reach $0.0186 by the end of the financial year 2025.
