In the last 30 days, Popcat has seen a 108% surge, hitting three new ATHs since breaking the $1 barrier. After reaching its latest ATH of $1.56 a week ago, the cryptocurrency has been on a 7-day downtrend.

On the last day, the cryptocurrency retested the trendline twice after surpassing the $1.4 mark. A successful reclaim of this zone could propel the price toward a new ATH.

A market watcher considers that if Bitcoin’s price holds, Popcat should successfully break this level by next week. It’s worth noting that the cat-themed token followed BTC’s lead on Friday morning, surging 2.4% as the flagship cryptocurrency neared the $69,000 mark.

Is A Correction Looming?

Crypto analyst Sanchez noted that the memecoin’s price was “running flat�in the four-chart on Friday morning. To the analyst, the cat-themed token’s performance “looked good�for another leg up but suggested the possibility of another correction ahead of the breakout.

Ideally, we get a good reaction around ~1.29 to make the C more complete, and the cat starts popping again

A drop from the $1.3 mark could send Popcat’s price toward the $1.1-$1.0 mark. Trader Crypto Tony suggested that the cryptocurrency could see a retest of the monthly opening of around $1.01 in case of a rejection.

Analyst CryptoGodJohn stated that the cryptocurrency “looks like it wants new ATHs and beyond this weekend�following its recent performance. Additionally, crypto trader Bluntz noted that Popcat’s price could achieve a 30% surge toward a new all-time high.

To Bluntz, a rise toward the $1.7 mark might be coming short-term after “getting real close to a biddable level�this week, but “would like to see one more sweep.�/p> As of this writing, Popcat trades at $1.41, an 8.3% surge in the weekly timeframe. ]]> 648797