Popcat Rallied 40% Then Plunged 50% in a Single Day After Failed Breakout
Popcat posted extreme intraday volatility on Nov. 12, rallying about 40% before a rejection at approximately $0.21 triggered aggressive profit‑taking and selling pressure. The token fell to roughly $0.138, a near 50% drop from its intraday high, with TradingView charts highlighting the rejection at a long‑term descending trendline that has capped rallies since April.
The sharp reversal underscores how quickly altcoin moves can unwind after breakout attempts, drawing attention away from higher‑profile memecoins like DOGE and SHIB. For traders and platforms, the episode is a reminder to manage leverage and set stops; for watchful investors, the breach failure near $0.21 raises the risk of further downside unless buyers reestablish support. Liquidity and short‑term sentiment will likely dictate Popcat’s next moves in the coming sessions.