POPCAT traders are hopeful for a 50% rally after the memecoin broke out of a prolonged consolidation phase. Key points:

- _Breakout and sentiment shift_: POPCAT's breakout could shift sentiment from a downtrend to an uptrend, with a potential 50% rally to $1.15.
- _Technical analysis_: Breaching the strong trendline and closing above $0.75 could trigger the rally, with the RSI indicating enough room for a significant price surge.
- _On-chain metrics_: The POPCAT Long/Short ratio of 1.05 and top traders' long positions (51.50%) suggest bullish sentiment among traders.
- _Resistance and correction_: POPCAT faces resistance from the trendline and a minor price correction is underway, but a breakout above $0.75 could confirm the rally.