Date: Fri, Jan 02, 2026 | 09:15 AM GMT
The broader cryptocurrency market has started the new year on a stable footing, with both Bitcoin (BTC) and Ethereum (ETH) trading slightly higher and posting gains of over 1.5%. This modest strength across major assets has provided breathing room for risk-on sentiment, allowing several memecoins to show early signs of recovery — including Popcat (SOL) (POPCAT).
POPCAT is currently trading by solid 19% higher on the day, but the more important development lies in its broader technical structure. After months of consistent downside pressure, the price action is now beginning to hint at a potential trend reversal, supported by a well-defined bullish pattern forming on the daily chart.
Source: Coinmarketcap
Falling Wedge Pattern in Play
On the daily timeframe, POPCAT appears to be carving out a falling wedge formation — a classic bullish reversal pattern that often develops after extended downtrends. This structure is characterized by lower highs and lower lows that gradually converge, reflecting weakening selling pressure and growing buyer interest near the lows.
Following weeks of steady decline, POPCAT recently established a local bottom near the $0.0725 region. This area acted as a strong demand zone, where buyers stepped in aggressively and prevented further downside. The resulting rebound pushed price back toward the $0.088 level, placing POPCAT just beneath the wedge’s upper resistance trendline.
Popcat (POPCAT) Daily Chart/Coinsprobe (Source: Tradingview)
This compression near resistance is technically significant, as falling wedges tend to resolve with a sharp upside move once price breaks out of the structure. The longer price coils within the wedge, the stronger the eventual breakout tends to be.
However, overhead resistance remains notable. The 100-day moving average, currently hovering around $0.1339, represents a major technical barrier. This level has previously acted as dynamic resistance and will likely be a key area to watch if a breakout occurs.
What’s Next for POPCAT?
If buyers manage to push price decisively above the wedge resistance and reclaim the 100-day moving average with a strong daily close, POPCAT could confirm a bullish breakout. Such a move would mark a clear shift in trend structure and could open the door for a larger recovery rally.
Based on the measured move of the falling wedge pattern, the upside projection points toward the $0.49 region. Reaching this level would represent a substantial recovery from current prices and could attract renewed interest from momentum traders and sidelined participants.
That said, failure to break above resistance could result in continued consolidation. In a bearish scenario, POPCAT may revisit the $0.072 support zone once again. As long as this level continues to hold, the broader falling wedge structure would remain intact, keeping the bullish reversal thesis alive.
Overall, POPCAT is approaching a technically critical juncture. With price tightly compressed, selling pressure fading, and buyers defending key support levels, the coming sessions could prove decisive in determining whether this memecoin is ready to stage its next meaningful move higher.
