POPCAT $OG $PSG $SANTOS

About a week ago, the popular cat-themed meme coin reached an all-time high of $2.08, but has since significantly corrected. Over the past seven days, POPCAT has lost more than 12% in value and is currently trading at $1.25.

At the same time, against the backdrop of the decline, the technical picture also showed unambiguous bearish signals. For instance, on the POPCAT chart, one could notice a 'death cross' — a figure that indicates increasing selling pressure and, consequently, a strong decline. If the correction continues, the meme coin will test the nearest support level at $1.17. A break below this may lead to a drop to $0.9.

Nevertheless, the trend may reverse. In that case, POPCAT will attempt to test the resistance level at $1.82. If the token breaks above it, it will have a chance to return to the $2 mark and possibly set a new all-time high.