The popular meme coin Popcat (POPCAT) is expected to experience a price decline of over 15% due to the emergence of a bearish pattern on its daily chart. The coin's trading volume has decreased, indicating lower participation and potentially a fear of a price crash. Technical analysis suggests a bearish outlook, with the possibility of a drop to the $0.80 level if the coin closes below $0.95. On-chain metrics, such as the long/short ratio and future open interest, also indicate a bearish sentiment among traders. The decline in open interest suggests the liquidation of higher long positions. Currently, 51.72% of top traders hold short positions, while 48.28% hold long positions.



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