roke out of the resistance and surge

Popcat (POPCAT) Price Analysis

POPCAT price broke out of the resistance and surged high to mark a new ATH at $1.47 a few moments ago. With this, the price enters a discovery phase with the technicals remaining in bullish favour. Hence, regardless of the small pullback, the price is believed to trigger a massive rebound and hit the higher target close to $1.8.

The price has been trading within a rising parallel channel, and the latest upswing has pushed the token above the average zone. Besides, the MACD displays a rise in the buying pressure while the RSI remains within the upper threshold. Therefore, the price is believed to maintain a consolidated ascending trend and hit the upper resistance of the channel close to $1.8 but before this move, a small pullback below $1.38 may be