Popcat Bloodbath: Market Cap Sheds $55M as Price Hits Critical $0.21 Support

POPCAT is down over 90% from its $2.12 ATH, now trading near $0.2180.

Price action shows consolidation in a historically strong accumulation zone.

Market cap fell from $265M to below $210M, reflecting fading investor confidence.

POPCAT (POPCAT/USDT) has plunged over 90% from its ATH, now trading at $0.2128. With heavy sell-offs and a 7-day drop of 20.29%, eyes are on its critical $0.21 support for a potential rebound.

Steep Correction Lands POPCAT in Support Zone

The meme coin POPCAT, listed on MEXC, has entered a decisive phase after its parabolic rise and equally aggressive fall. From a peak near $2.12, the token has plunged over 90%, now trading around $0.2180, as of the last weekly close.

Source: Soul Via X

The sharp fall aligns with a classic retrace pattern often seen in speculative low-cap assets. The current price range overlaps with a previously established base — marked as a critical buy zone — from where the last breakout began. This zone has now become a focal point for traders hoping for a cycle repeat.

Market data between September 22–28 highlights a sharp early-week drop, with prices falling from $0.27 to as low as $0.21, according to MEXC charts. Since then, the token has moved sideways, hovering between $0.21–$0.215, signaling temporary price stabilization.

Market Cap Nosedive Reflects Investor Exit

From September 21–28, POPCAT's market capitalization fell from over $265 million to just below $210 million — a staggering 20%+ decline. This drop, especially steep between September 21–22, signals heavy distribution and mass exit by holders.

Source: CoinGecko

Volume spikes during sell-offs on September 23–24 and September 26 point toward liquidation events or panic-driven exits. While volume eased toward the end of the week, the lack of recovery rallies signals weak buying pressure.

These patterns suggest the coin might be in a capitulation phase, though confirmation of a bottom remains absent. The consolidation at current levels resembles a textbook setup often seen before strong reversals.

Can the Buy Zone Hold?

The weekly chart shows a defined accumulation structure, with lower volatility and tighter candlesticks — typical in bottom formations. This area also acted as a launchpad for POPCAT's previous explosive rally.

The potential upside remains striking — a projected +927.68% return if POPCAT revisits its ATH. However, risks are high. Without strong market catalysts or renewed retail interest, the token could either range sideways or break down further.

Meme coins thrive on sentiment. For POPCAT, liquidity, community activity, and overall crypto market direction will be decisive.

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