POPCAT's Plunge: Meme Coin Struggles Amid Market Shift

POPCAT experienced a significant 79.7% rally in November but has since retraced most of these gains due to a bearish market structure and weak social media engagement. Despite Bitcoin's recovery, POPCAT struggled to surpass the $1.4 resistance level, with technical indicators showing dominant bearish momentum. Compared to other memecoins, POPCAT has underperformed, shedding 23.28% over the past 30 days. The sentiment around POPCAT turned negative, and a decline in whale addresses holding large amounts of POPCAT further contributed to its struggles.