{"id":431901,"date":"2024-10-11T10:30:08","date_gmt":"2024-10-11T05:00:08","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=431901"},"modified":"2024-10-10T19:06:39","modified_gmt":"2024-10-10T13:36:39","slug":"popcat-drops-17-from-ath-eyes-1-retest-will-it-succeed","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/popcat-drops-17-from-ath-eyes-1-retest-will-it-succeed\/","title":{"rendered":"Popcat drops 17% from ATH, eyes $1 retest &#8211; Will it succeed?"},"content":{"rendered":"<ul>\n<li><em>The bout of volatility earlier this week saw POPCAT&#8217;s prices fall.<\/em><\/li>\n<li><em>The psychological $1 level might be retested as support.<\/em><\/li>\n<\/ul>\n<p><a href=\"https:\/\/ambcrypto.com\/predictions\/popcat-price-prediction\/\" target=\"_blank\" rel=\"noopener\">Popcat [POPCAT]<\/a> was down by 17.8% from its all-time high at $1.485. At press time, it was trading at $1.21, as <a href=\"https:\/\/ambcrypto.com\/predictions\/bitcoin-price-prediction\/\" target=\"_blank\" rel=\"noopener\">Bitcoin [BTC]<\/a> bulls struggled to push prices beyond $64k.<\/p>\n<p>The volatility on the 7th of October gave way to bearish momentum across the crypto market.<\/p>\n<p>POPCAT was also affected by this volatility, and it gave way to a minor retracement. Despite the price drop, the structure and price trend were strongly bullish.<\/p>\n<h2>The fair value gap could pull prices lower<\/h2>\n<figure id=\"attachment_431945\" aria-describedby=\"caption-attachment-431945\" style=\"width: 1940px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/PP-3-POPCAT-price.png\"><img decoding=\"async\" class=\"size-full wp-image-431945\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/PP-3-POPCAT-price.png\" alt=\"Popcat 1-day Chart\" width=\"1940\" height=\"1010\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/PP-3-POPCAT-price.png 1940w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/PP-3-POPCAT-price-300x156.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/PP-3-POPCAT-price-1024x533.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/PP-3-POPCAT-price-768x400.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/PP-3-POPCAT-price-1536x800.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/PP-3-POPCAT-price-1200x625.png 1200w\" sizes=\"(max-width: 1940px) 100vw, 1940px\" \/><\/a><figcaption id=\"caption-attachment-431945\" class=\"wp-caption-text\">Source: POPCAT\/USDT on TradingView<\/figcaption><\/figure>\n<p>The strong price gains on the 4th of October left behind a fair value gap on the daily chart. This zone extended from $1.07 to $1.13.<\/p>\n<p>In the past 24 hours, the <a href=\"https:\/\/ambcrypto.com\/category\/memecoins\" target=\"_blank\" rel=\"noopener\">meme coin<\/a> found support at the $1.15 level, but a deeper dip could arrive.<\/p>\n<p>BTC also has a short-term bearish outlook, making a drop toward $1 more likely for Popcat. On the daily timeframe, the price action and technical indicators were firmly bullish.<\/p>\n<p>The RSI continued to move above neutral 50 to show momentum was upward. The OBV has flattened out over the past week, and the trading volume was low.<\/p>\n<p>This is a slight concern for bulls, since the strong momentum was not followed up by heavy buying.<\/p>\n<h2>Chances of a POPCAT range formation above $1<\/h2>\n<figure id=\"attachment_431946\" aria-describedby=\"caption-attachment-431946\" style=\"width: 3840px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/PP-3-POPCAT-santiment-compressed.png\"><img decoding=\"async\" class=\"size-full wp-image-431946\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/PP-3-POPCAT-santiment-compressed.png\" alt=\"Popcat Santiment\" width=\"3840\" height=\"1300\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/PP-3-POPCAT-santiment-compressed.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/PP-3-POPCAT-santiment-compressed-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/PP-3-POPCAT-santiment-compressed-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/PP-3-POPCAT-santiment-compressed-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/PP-3-POPCAT-santiment-compressed-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/PP-3-POPCAT-santiment-compressed-2048x693.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/PP-3-POPCAT-santiment-compressed-1200x406.png 1200w\" sizes=\"(max-width: 3840px) 100vw, 3840px\" \/><\/a><figcaption id=\"caption-attachment-431946\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/app.santiment.net\/s\/m8YpWl-R\" target=\"_blank\" rel=\"noopener\">Santiment<\/a><\/figcaption><\/figure>\n<p>The Social Volume was high and has been trending upward since mid-September, and the Weighted Sentiment was also positive.<\/p>\n<p>This could help establish hype for Popcat and could see prices go higher due to positive expectations.<\/p>\n<figure id=\"attachment_431944\" aria-describedby=\"caption-attachment-431944\" style=\"width: 1461px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/PP-3-POPCAT-coinglass.png\"><img decoding=\"async\" class=\"size-full wp-image-431944\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/PP-3-POPCAT-coinglass.png\" alt=\"Popcat Liquidation Heatmap\" width=\"1461\" height=\"826\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/PP-3-POPCAT-coinglass.png 1461w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/PP-3-POPCAT-coinglass-300x170.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/PP-3-POPCAT-coinglass-1024x579.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/PP-3-POPCAT-coinglass-768x434.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/PP-3-POPCAT-coinglass-1200x678.png 1200w\" sizes=\"(max-width: 1461px) 100vw, 1461px\" \/><\/a><figcaption id=\"caption-attachment-431944\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/www.coinglass.com\/pro\/futures\/LiquidationHeatMapNew\" target=\"_blank\" rel=\"noopener\">Coinglass<\/a><\/figcaption><\/figure>\n<p>The trading volume drop in October was a blow for bullish expectations. It indicated that the market might need some time before it can expand northward again.<\/p>\n<p>AMBCrypto found the liquidation heatmap gave some clues for this scenario.<\/p>\n<hr \/>\n<p style=\"text-align: center;\">Is your portfolio green? Check the <a href=\"https:\/\/ambcrypto.com\/calculator\/profit\" target=\"_blank\" rel=\"noopener\">Popcat Profit Calculator<\/a><\/p>\n<hr \/>\n<p>The $1.11 and $1.3 regions had a cluster of liquidation levels around them that could attract prices. Once swept, the meme coin&#8217;s price might see a reversal from these liquidity pools.<\/p>\n<p>This could establish a short-term range for the memecoin.<\/p>\n<p><i>Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer\u2019s opinion<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The volatility around Bitcoin has affected the wider market, and Popcat saw an 18% price dip.<\/p>\n","protected":false},"author":57,"featured_media":431992,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[41,18,5824,66,3,23,6390,4,20],"tags":[6427],"class_list":["post-431901","post","type-post","status-publish","format-standard","has-post-thumbnail","category-analysis","category-hide-cryptopanic","category-memecoins","category-new-news","category-news","category-no-home","category-pepe-coin-news","category-social","category-trading-view","tag-ambcrypto"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.5 (Yoast SEO v28.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Popcat drops 17% from ATH, eyes $1 retest - Will it succeed? 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