POPCAT has seen sideways momentum recently, worrying investors about potential losses as it struggles to regain traction. With the cryptocurrency nearing critical support levels, corrections may ensue.
The network growth of POPCAT, a measure of new addresses, has hit a two-month low. This decline suggests waning interest from new investors, threatening its market position without renewed engagement.
The Relative Strength Index (RSI) remains bullish but is trending downward, indicating waning buying pressure and suggesting possible struggles ahead. A bearish trend could result in further price declines.
POPCAT's price has dropped from its ATH of $2.10 to $1.65, breaching key support levels. Continued bearish pressure risks further declines to $1.49 or $1.21, away from a new ATH. However, reclaiming $1.74 may trigger a bullish reversal.
