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Jakarta, Pintu News – The Popcat (POPCAT) meme coin has been facing major challenges since early February, as recovery efforts have yet to bear fruit.
Despite the price increase, the meme coin is still struggling to recover from its losses, with a 48% drop severely affecting its performance.
Although this altcoin is still trying to bounce back, the lack of strong support and market optimism is causing a delay in any significant recovery. However, the meme coin had an important bullish moment this week.
Reporting from BeInCrypto (3/14/25), the Chaikin Money Flow (CMF) indicator has remained below the zero line for the past three and a half months. This shows that the inflow of funds into POPCAT has weakened since early December 2024, with low buying interest.
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Lack of investor confidence due to fear of loss has hampered the momentum of this meme coin, so its recovery continues to be delayed.
Weak CMF readings signaled that investors were not pouring funds into POPCAT, which ultimately hindered significant price increases. As a result, the coin continues to struggle to sustain positive price movement, further slowing down the recovery process.
Technical indicators such as the Relative Strength Index (RSI) also reflect POPCAT’s difficulty in gaining sustained momentum. The RSI has remained below the neutral line of 50.0 for the past three months, signaling a weak bullish signal.
This further confirms that overall market conditions are not yet favorable for a strong recovery for this meme coin.
Without support from the broader market, POPCAT is still struggling to break out of its current downward trend. Until market conditions improve, it is unlikely that POPCAT can break out of its bearish cycle.
In the last four days, Popcat (POPCAT) has seen a rally of almost 20%, with the current price sitting at $0.180.
One of the main triggers for this rise was POPCAT’s listing on Robinhood on Thursday, which is expected to attract more investment and increase the coin’s exposure to new investors.
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The altcoin managed to bounce off the $0.140 support level and is currently below the $0.203 resistance. Although this latest recovery is quite promising, POPCAT still faces a huge challenge to break the $0.203 barrier.
With market conditions still weak and investor sentiment not yet solid, POPCAT will likely struggle to break the $0.203 resistance.
It is more likely that the altcoin will consolidate within the $0.140 to $0.203 range, at least until stronger market signals emerge. This could further delay the price recovery.
However, if market conditions improve and investor interest increases, POPCAT could potentially cross the $0.203 resistance. If it manages to break this level, the altcoin could test the price of $0.238, which would invalidate the current bearish outlook.
This success could also change market sentiment and open up opportunities for a more sustainable recovery.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
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