POPCAT Surges Over 15% Amid Smart Money Inflows, Eyes Set on $0.70 Resistance

POPCAT Surges Over 15% Amid Smart Money Inflows, Eyes Set on $0.70 Resistance

POPCAT has seen a notable rally over the past 24 hours, climbing more than 15% to trade around $0.45. This bullish momentum appears to be fueled by significant smart money accumulation, with the token emerging as the most acquired asset among sophisticated wallets, according to data from tracking platform Stalkchain.

The recent price action extends the breakout that began on April 24, when POPCAT closed above a long-standing resistance level at $0.34. This breakout marked the end of a consolidation phase that had been in place since early February, with a support floor near $0.20 and occasional dips to the $0.12–$0.14 range.

April 24’s bullish close at $0.39 triggered a follow-through rally, with prices reaching an intraday high of $0.45 the next day. After several days of choppy consolidation, the token managed to close firmly above the $0.45 mark, reflecting growing market confidence. Since the initial breakout, POPCAT has gained roughly 32%.

Technical indicators continue to support the bullish case. POPCAT has remained above both the 20-day Exponential Moving Average (EMA) and the 50-day Simple Moving Average (SMA) since before the breakout. A bullish crossover, in which the EMA20 moved above the SMA50, occurred around April 11—coinciding with the formation of the first higher high since its all-time high of $2.07 recorded in November.

As the rally progresses, the next key resistance lies at the psychological level of $0.50. A decisive breakout above this threshold could pave the way for a move toward $0.70, a level that served as both strong resistance in mid-January and critical support during late December and early January.