Robinhood has officially added trading support for PENGU, PNUT, and POPCAT, sparking a significant price increase for the latter.
POPCAT's Reaction to Listing
POPCAT's price soared by 20% to reach $0.1937 following its Robinhood listing. CoinMarketCap data shows a 175% increase in its trading volume, exceeding $180 million, leading to a market capitalization surge above $168.53 million. Analysts view $0.16 as a critical support level.
Technical Analysis: POPCAT Breaks Out
On a 4-hour chart, POPCAT broke out from its descending pattern, showing strong price momentum near a key resistance area. If this area is surpassed, further upward movement is likely.
Short-term Outlook for POPCAT
The outlook for POPCAT remains positive in the short term if it can overcome current resistances. Sellers may enter between $0.20 and $0.22. If the $0.16 support doesn't hold, the price might slide to $0.14. Current market uncertainty persists.
The Robinhood listing significantly impacted POPCAT's price, yet its long-term stability remains uncertain.
