Following a decisive breakout from a falling wedge pattern, POPCAT price is showing strong bullish momentum and looks poised for a potential 97% surge toward the $0.65 resistance level.
Popcat (POPCAT) price recently broke out of a falling wedge pattern, a bullish reversal structure that had formed throughout May and June. After the breakout, price pulled back and successfully retested the breakout level around $0.28, where strong buying pressure emerged.
Now trading at $0.33, POPCAT price is extending its retest rally and reclaiming ground it lost during the earlier downtrend. It’s currently retesting the horizontal support zone from late April, which had previously served as the launchpad for a parabolic rally toward the top of the wedge.
Today’s daily candle is holding firmly above the EMA 20, signaling that short-term momentum has shifted in favor of the bulls. Volume also surged on the retest candle, adding further confirmation to the rally.
Zooming in, the falling wedge appears to form the handle of a larger cup and handle pattern, a strong continuation setup, with a breakout target extending significantly higher if confirmed.
In this case, the cup and handle pattern places the breakout level at the rim near $0.60 to $0.65, where the memecoin‘s price formed a major swing high in May before entering the wedge-shaped consolidation. This also aligns with the measured move target derived from the falling wedge.
Momentum indicators support the bullish outlook. The RSI has recently crossed into mildly bullish territory at 52. The MACD histogram is printing green, reflecting a bullish crossover between the MACD and signal lines that occurred pre-breakout and is still holding.
POPCAT’s rally is unfolding alongside a broader memecoin market surge, with Bonk (BONK), Fartcoin (FARTCOIN), Pepe Coin (PEPE), and others posting double-digit gains in the past 24 hours.
