POPCAT Faces Bearish Wedge: Analyst Predicts Price Correction Soon

• An analyst identifies a bearish wedge on POPCAT, signaling a potential market correction soon.
• Investor Murad predicts POPCAT could surpass WIF and expects significant growth in the upcoming bull run.

Popular meme token POPCAT is right now in a critical phase in its price movement. Popular crypto analyst on TradingView Cobra Vanguard claims that POPCAT’s daily period currently exhibits a bearish wedge pattern. This technical development implies that a price adjustment is just around the corner.

Every rise needs to be reversed, Cobra Vanguard says, “That’s the nature of the market.” Based on the closest lower high, the next important support level is found about $0.80.

Source: Cobra Vanguard on TradingView

Meanwhile, POPCAT is swapped hands about $1.47 at the time of writing, a little 0.11% rise over the last 24 hours.

Showing its consistent presence in the meme coin scene, this upward trajectory has brought its market cap past the $1.4 billion mark. But traders are attentively observing for indications of a possible pullback given the bearish wedge pattern.

Investor Optimism Grows as Murad Predicts POPCAT Future Surge 

Conversely, hope for the long-term future of the coin keeps rising. As we previously reported, prominent meme coin investor Murad told that POPCAT will soon outshine WIF, another popular meme token, and underlined the likelihood of a substantial price increase.

Murad is well-known for his analysis of meme tokens, and he thinks POPCAT’s value might rise dramatically. His bold projection that the token may soar to $5 during the upcoming bull run stoked more community enthusiasm.

One thing is certain: POPCAT is the focus of all eyes, whether the bearish correction takes front stage or bullish momentum rules.