Date: Mon, June 30, 2025 | 06:30 AM GMT
The cryptocurrency market is making a steady recovery as Ethereum (ETH) has rebounded sharply—jumping by over 11% in the last 7 days and currently trading near the $2,500 level. This renewed momentum is lifting the broader market, and memecoins are no exception.
Among them, the Solana-based Popcat (POPCAT) is gaining traction again with an impressive 17% weekly gain. A key harmonic pattern now forming on the 4-hour chart suggests that this move might just be getting started.
Harmonic Pattern Hints at Major Upside
A closer look at POPCAT’s chart reveals the development of a classic Bearish Butterfly harmonic pattern — a widely-followed technical formation that often marks potential reversal zones when its final CD leg is near completion.
The pattern starts from the X point around $0.3455, followed by a sharp drop to point A, a bounce to point B, and another decline to point C near $0.2517. From that level, POPCAT has staged a healthy rebound and is now trading near $0.31. The price is approaching the 200-period moving average, currently at $0.3341 — a key level to watch as potential short-term resistance.
If the Butterfly pattern plays out fully, the next key price targets lie within the Potential Reversal Zone (PRZ) between $0.3748 (1.272 Fib extension) and $0.4122 (1.618 Fib extension). These are traditionally the levels where a Butterfly pattern completes its final leg, often leading to a pullback.
What’s Next for POPCAT?
If POPCAT manages to sustain its bullish momentum and break above the 200 MA with strong volume, it could set the stage for a rally of more than 21% from current levels. The region between $0.3748 and $0.4122 could become a key inflection point for the token.
However, if the token fails to hold above the $0.25 zone — the breakout point from the C-leg — it may indicate a weakening of bullish strength and could lead to short-term consolidation before any further rally.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
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