it could precipitate a further decrease
A tweet from Solana Plays profile on platform X showcased a chart suggesting a bullish trend for the daily chart, with potential to push the price to the $1 mark.
Despite this, the price has seen a significant decline, dropping over 55% within 15 days, indicating a deviation from the expected bullish trajectory.
Currently, if the price slips below the $0.2000 level, it could precipitate a further decrease in POPCAT's value. Conversely, adherence to the bullish pattern could propel the price to $1.
From a technical standpoint, the 50-day EMA is exerting downward pressure on the price, and the MACD confirms a bearish outlook with a negative cross and a histogram value of -0.0122. The RSI, at 36.10, is verging on the oversold territory.
Should the price rebound and ascend, it may target levels of $0.4000 and $0.5500. However, if the bullish momentum fails to materialize, the price might retreat to support levels at $0.1500 and $0.1000.
Despite this, the price has seen a significant decline, dropping over 55% within 15 days, indicating a deviation from the expected bullish trajectory.
Currently, if the price slips below the $0.2000 level, it could precipitate a further decrease in POPCAT's value. Conversely, adherence to the bullish pattern could propel the price to $1.
From a technical standpoint, the 50-day EMA is exerting downward pressure on the price, and the MACD confirms a bearish outlook with a negative cross and a histogram value of -0.0122. The RSI, at 36.10, is verging on the oversold territory.
Should the price rebound and ascend, it may target levels of $0.4000 and $0.5500. However, if the bullish momentum fails to materialize, the price might retreat to support levels at $0.1500 and $0.1000.
Penafian
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