The price of the POPO token suggests a bearish trend as it continues to trade below important moving averages. Technical indicators are indicating the possibility of further corrections in the future.

The price of the token has been consistently decreasing and is currently approaching a crucial support level of $0.00000000003000. Despite some fluctuations, the token has struggled to break free from a downward trend, leading to limited gains.

At present, the POPO token is trading at $0.00000000003083, showing a slight gain of 2.78% for the day. However, the overall monthly and yearly returns are positive at 26.90% and 75.10%, respectively. Analysts predict that the price of POPO may face more selling pressure and could revisit the support zone at $0.00000000002800.

On a daily chart analysis, the price of the token is below the 200-day EMA, indicating a continued downtrend. The resistance at $0.00000000004000 has been a significant barrier for buyers, preventing any significant upward movement. If the price falls below the support level of $0.00000000002700, a more aggressive selloff could occur with a potential drop to $0.00000000002000.

Key technical indicators, such as the RSI and MACD, are showing negative signals, suggesting a bearish sentiment for the token. The total supply of POPO is 420.69 trillion with a volume to market cap ratio of 0.0764, positioning the token at 6164 in the global crypto market cap rankings.

In conclusion, the POPO token is facing resistance at $0.00000000004000 and continues its downtrend below the 200-day EMA. The technical analysis indicates a possible further decline towards the support level of $0.00000000002700.

Support Levels: $0.00000000002700 and $0.00000000002500

Resistance Levels: $0.00000000003300 and $0.00000000003500

Disclaimer: The views expressed in this article are for informational purposes only and do not constitute financial advice. Investing in cryptocurrencies involves risks of financial loss.