POPCATUSDT Bouncing Back from Oversold Levels! Is $1.30 the Next Target?

Technical Analysis (TA):

• Current Price: POPCATUSDT is trading at $1.2035, showing a 1.33% gain in the last 24 hours. The price recently touched a low of $1.1752, indicating some buying interest at lower levels.

• Moving Averages (MA):

• MA(7) is at 1.2077, slightly above the current price, acting as near-term resistance.

• MA(25) and MA(99) are at 1.2192 and 1.2366, respectively, suggesting a short-term downtrend. A break above these moving averages would signal a potential trend reversal.

• Volume: Volume has decreased compared to the recent spike, indicating that selling pressure might be easing. An increase in buying volume would be a bullish signal for a potential reversal.

• RSI (Relative Strength Index):

• RSI(6) is at 18.56, in the oversold territory, signaling a potential bounce.

• RSI(12) and RSI(24) at 26.47 and 34.67, respectively, also indicate that the asset is oversold and may be due for a correction to the upside.

• Support and Resistance:

• Immediate support lies near $1.1750, which has shown some buyer interest.

• Resistance levels to watch are $1.22 (near the MA levels) and $1.26 (previous highs).

Conclusion: POPCATUSDT is showing signs of a potential rebound from oversold levels, with RSI suggesting a correction to the upside. If the price breaks above the moving averages, the next target could be around $1.30. However, caution is advised until confirmation of a trend reversal is evident.