POPCAT's price faces a 15% downside risk, with the current long/short ratio at 0.91, indicating strong bearish sentiment. Despite a price increase of more than 100% in the past few days, there have been signs of profit-taking recently, causing the price to approach $0.91 and fall more than 8% in 24 hours. Technical analysis shows that POPCAT has a bearish signal after breaking through the $1 resistance level, and it is expected to fall to $0.78 in the next few days.
In addition, POPCAT's relative strength index (RSI) is in the overbought zone, suggesting a possible price reversal. On-chain indicators also support this bearish outlook, with 52.16% of top traders holding short positions, indicating that bears dominate the market and may further drive prices down.
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