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🎁 Gate APP has been updated to the latest version v8.0.5. Share your authentic experience on Gate Square for a chance to win Gate-exclusive Christmas gift boxes and position experience vouchers.
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1. Download and update the Gate APP to version v8.0.5
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Key new features and optimizations
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Your fa
#POPCAT
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📊 Technical Analysis – 1 Hour Time Frame
🔹 Current Price
Current price ~ $0.3758, slightly rebounding from the intraday support level.
🔹 Technical Indicator
1. RSI (14)
The value around 39 from previously being oversold indicates that selling pressure is starting to ease, but it is not yet bullish.
2. Stochastic RSI
Stoch RSI is at 6.33 ( "Buy" in the short term ), indicating oversold, the potential for a rebound is still open.
3. MACD
Negative histogram begins to narrow → bearish momentum weakens and potential crossover to bullish.
🔹 Volume
Not available directly, but the previous price drop with low volume indicates the presence of support accumulation.
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🧭 1-Hour Price Projection
🔺 Rebound Scenario (Bullish):
If the price holds above $0.3750 and rises past $0.3800, then the opportunity towards $0.3900 opens up.
Confirmation will be strong when Stoch RSI cross-up and MACD turns positive.
🔻 Continued Correction Scenario (Bearish):
If it fails to rise and falls below $0.3720–$0.3730, the potential decline towards $0.3600 – $0.3550 remains open.
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✅ Brief Conclusion
Currently, selling pressure has eased and there are indications of a short-term reversal.
Main focus:
Break > $0.3800 → potential to continue to $0.3900.
Break < $0.3730 → risk down to $0.3600.