Technical Analysis of POPCATUSDT (1D)

1. Trend and Market Structure
The price is in a potential reversal phase after a prolonged downtrend.
A base formation can be observed at the bottom, indicating possible accumulation.
There is a consolidation channel, marked in blue, which could serve as an accumulation zone before a potential upward move.
2. Support and Resistance Levels
Support:

The main support zone is at 0.2376 USDT.
If the price fails to hold above this level, a retest of the area below 0.22 USDT is possible.
Resistance:

The nearest resistance zones are at 0.40 USDT, 0.60 USDT, 0.80 USDT, with a global target at 1.00 USDT.
These levels align with the pink horizontal lines on the chart.
3. Indicators and Divergences
RSI Divergence Indicator:
A bullish divergence is visible on the RSI, marked in green (Bull), signaling a possible upward move.
The RSI is currently around 45.39, not indicating overbought conditions, leaving room for potential growth.
Volume:
The 24-hour volume is 68.32M, suggesting increased interest in the asset.
4. Possible Scenario
Bullish Scenario (Primary):
A breakout above the upper boundary of the channel (around 0.27–0.28 USDT) with a retest could push the price toward 0.40 USDT.
If market support continues, the price could reach 0.60–0.80 USDT in the medium term.
Bearish Scenario (Alternative):
If the price fails to stay above 0.2376 USDT, a decline to lower support levels could follow.
Conclusion
A bullish divergence and accumulation are present, providing a basis for an upward breakout.
The key level to confirm the uptrend is 0.27–0.28 USDT.
Main targets in case of an uptrend: 0.40, 0.60, 0.80, 1.00 USDT.
Control level below: 0.2376 USDT (if broken downward, the bullish scenario is at risk).
☑ Recommendation: Monitor the volumes and price reaction around 0.27–0.28 USDT. A breakout above this zone could open the door for a stronger rally.