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POPCAT eyes breakout moment after months of pressure below major level

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POPCAT eyes breakout moment after months of pressure below major level


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 (POPCAT) is currently trading at a region that has historically acted as a price ceiling, the $0.39 level. This zone has suppressed price action for over 78 days, with each attempt at reclaiming it quickly being rejected. However, the current push appears more constructive, as the price grinds back into this level with strength. That said, a breakout alone isn’t confirmation, rather price acceptance and a structure retest are still necessary before any sustained upside can be considered likely.

Key technical points

  • The $0.39 region is a historical resistance level that has not been held above for more than two months.
  • Current price structure shows an attempt to reclaim this level with strength after a prolonged consolidation beneath.
  • A successful breakout and bullish retest could quickly drive price action toward higher targets near $0.70 and $0.95.
POPCAT eyes breakout moment after months of pressure below major level - 1
POPCAT USDT (1D) Chart Source: TradingView

The $0.39 resistance was last broken down with conviction and has held as a ceiling since, suppressing upside momentum and leading to a prolonged accumulation range. This made the level significant not just technically but also from a psychological perspective for both bulls and bears. Now, POPCAT is pushing back into this area with improved market intent, hinting at a possible deviation and reclaim structure.

This structure resembles a classic deviation setup, where the market fails to sustain a breakdown and flips resistance into support. In this case, what we want to see next is acceptance above the $0.39 mark — not just a wick or intraday spike. Multiple candle closures above the level, followed by a successful bullish retest, would be the key confirmation traders should watch for.

If such a move plays out, the next major resistance levels to monitor 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 caution, whereas a strong influx will lend credence to the structural shift.

What to expect in the coming price action

POPCAT remains in a technically bullish posture as long as it holds the $0.39 area once (and if) it’s broken. Watch for a confirmed breakout and retest , this would signal true acceptance and raise the probability of a continuation play. A failure to hold above this region, however, may result in another rejection and range-bound chop, delaying any further breakout attempts.

For now, the price 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.



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Cryptocurrency

Crypto’s optimism isn’t just hype. It’s a structural feature.

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The ‘worst quarter’ since the FTX collapse is finally behind us



Opinion by: Oleksandr Lutskevych, Founder and CEO of CEX.io

Bitcoin markets have consistently shown greater emotional resilience than traditional equities during multiple global shocks.

While some on Wall Street found this “impressive” during the “Liberation Day” sell-off on April 2, such optimism isn’t a glitch — it’s a pattern that extends across digital assets.

Let’s look closer at Fear and Greed Index dynamics in crypto and stocks. After Donald Trump announced tariffs on nearly all countries in April, the Stock F&G Index dropped from 19 to 3 — a more than 80% plunge and a three-year low. In contrast, the Crypto F&G Index declined from 44 to 18 — a 59% decrease.

Of course, these indexes aren’t identical. CNN’s Stock F&G Index tracks traditional sentiment through signals like VIX volatility, safe-haven demand and market breadth. The Crypto F&G Index relies on price momentum, volume and social sentiment metrics. Despite different inputs, both aim to measure the same thing: market emotion.

When viewed side by side during macro shocks, the contrast in mood becomes obvious. When macro winds turn cold, stock investors typically panic harder and recover more slowly than crypto investors.

May 2022 offers an illustrative example. On May 4, the US Federal Reserve raised interest rates from 0.5% to 1%, sparking recession fears that spilled into crypto. Then, on May 9 to May 13, LUNA and UST collapsed. Yet the Stock F&G Index fell 82% (to 4), while Crypto F&G dropped 62% (to 8).

Even while crypto was already under pressure and hit harder by LUNA’s collapse, which contributed to several bankruptcies within the industry, crypto remained less terrified than the stock market. Crypto sentiment took longer to rebound, however, due to the established bear market at the time.

Crypto’s inherent optimism is a strength, not a flaw

Some may call crypto’s optimism naive or irrational. In reality, it’s structural.

The volatility native to crypto recalibrated investor expectations. A 20% drawdown in equities is a bear market. In crypto, it could be a healthy correction. The scale and frequency of price swings conditioned crypto enthusiasts to better withstand market shocks.

There’s also a cultural divide. The stock market is built by and for institutions. It’s cautious and slow-moving. Crypto was born from rebellion and raised by retail, which rapidly shifts to new narratives.

Still, crypto’s optimism isn’t immune to erosion. As institutional influence grows and Bitcoin continues to correlate with equities, Wall Street fears are increasingly bleeding into the sector. During the tariff scare, sentiment recovery timelines were nearly identical across stocks and crypto — a possible sign of optimism erosion.

Even so, crypto optimism remains structurally sound.

The shield of crypto optimism

What protects crypto optimism is the presence of two dominant, and very different, groups.

The first — the believers — view crypto as the future. Within this group, Bitcoin (BTC) adopters tend to see it as a store of value and hedge. To them, short-term volatility is just noise, a distraction from the long-term vision. That perspective leads them to become long-term holders, unfazed by daily fluctuations.

Recent: Dogecoin traders predict 180% DOGE price rally if Bitcoin gains continue

Altcoin believers, meanwhile, draw strength from rapid innovation. New protocols, narratives and technologies keep the sector in constant motion. That ability to reinvent — and rebound — reinforces the idea that crypto is an ecosystem defined by momentum, not stagnation.

There is also a second group, which primarily consists of recent arrivals. They see crypto more as a speculative bet. They comprise many short-term holders and tend to be more reactive to news. 

When fear spreads, this second group primarily rushes for the exits, as shown by more frequent peaks in Bitcoin’s Binary CDD for short-term holders (STHs) than long-term holders (LTHs). This group is also more susceptible to the erosion of optimism.

If, however, this second group is the minority, as in Bitcoin, where LTHs control over 65% of BTC’s supply, then all these macro-related fears that creep into the space would have only a limited, short-term effect.

Beyond simple belief

The conviction of believers in a bright future is not based on blind faith but has a solid foundation. In Bitcoin’s case, this foundation rests on a firm, committed holder base, a fixed supply, and a clear, predictable monetary philosophy that stands out during periods of economic uncertainty. These aren’t speculative claims — they’re principles that have gained credibility over time.

Actions also backed this optimism. While markets panicked over tariffs in March-April, Bitcoin LTHs accumulated over 300,000 BTC. Liquidity strengthened, with 1% market depth ending Q1 at $500 million, indicating continued confidence and participation from market makers and investors.

Meanwhile, macro metrics such as global liquidity reached new highs. Multiple Bitcoin cycle indicators, including Pi Cycle Top, are far from flashing a top signal, fueling reassurance that there still could be room for upward movement.

These are just a few of the factors fueling crypto optimism, and more will emerge. Because optimism in this space isn’t temporary — it’s embedded. While fear drives headlines, crypto continues operating like a system preparing for something bigger. And so far, history supports that view.

Opinion by: Oleksandr Lutskevych, Founder and CEO of CEX.io.

This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.