Forget DOGE, SHIB Volatility: Popcat Rallied 40%, Then Plunged 50% In 1 Day
Popcat (CRYPTO: POPCAT) plunged nearly 50% from its intraday high, falling to $0.138 after a failed breakout above $0.21 triggered heavy profit-taking and renewed selling pressure.
Profit Taking Triggers Sharp Reversal
Popcat Price Dynamics (Source: TradingView)
The rejection near $0.21 marked heavy selling pressure along Popcat’s long-term descending trendline from April.
The move erased most of the token’s 40% rally today, signaling exhaustion among short-term buyers.
On the 30-minute chart, Popcat’s structure turned bearish after a large reversal candle wiped out early gains.
The Supertrend flipped red near $0.194, confirming a shift in momentum as intraday sellers took control.
RSI dropped from overbought levels above 80 to 35, showing weakening demand and the potential for further correction.
Immediate support sits between $0.138 and $0.14, a zone formed earlier this week during …
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