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The Tezos price has pumped 23% in the last 24 hours to trade at $1.66 as of 8:45 p.m. EST on a 341% pump in trading volume to $590 million.
Tezos Price Surges Along The Parabolic Curve Line
The XTZ/USD pair is trading at $1.6358, reflecting a slight decline of -2.41% in the last session. The price shows strong bullish momentum, forming a parabolic upward trend. However, such movements often signal overextension and can be followed by sharp corrections.
A key support level of around $1.20 has previously been a solid price floor. If a pullback occurs before the asset resumes its upward trajectory, this level might be revisited.
XTZUSD Analysis Source: Dextools.io
The 50-period moving average (at $1.2935) is a dynamic support level, reinforcing the bullish sentiment in the short term. Meanwhile, the 200-period moving average (at $0.8880) reflects long-term support, with the wide gap between the two moving averages confirming the strength of the uptrend.
Tezos Price Indicators Signal A Bearish Overturn
Momentum indicators show mixed signals. The MACD histogram is shrinking, and the MACD line (0.0399) is approaching a bearish crossover with the signal line (0.0595). This hints at weakening bullish momentum, suggesting a possible pause or correction in the rally.
The Relative Strength Index (RSI) is currently at 73.02, firmly in the overbought territory. This indicates that Tezos price might be overvalued in the short term, increasing the likelihood of a price retracement.
If the Tezos price continues its parabolic rise and breaks above the $1.80 resistance level, it could aim for the psychological $2.00 mark.
On the downside, failure to hold above $1.50 could trigger a deeper correction toward the $1.20 support zone. However, caution should be taken as the overbought RSI and weakening MACD suggests potential volatility. Monitoring the key levels of $1.50 and $1.20 will be crucial in determining the next significant price movement.
Is Catslap The Best Crypto To Buy Now?
While the Tezos price continues its surge, investors are turning to Catslap (SLAP), a newly launched meme coin that’s just added a play-to-earn feature to its addictive slapping game.
With its innovative features, strong community support, and aggressive growth strategy, Catslap quickly became a standout contender in the meme coin market.
Crypto expert and YouTuber Jacob Crypto Bury, who has over 45.4K subscribers, says SLAP is the next 100X meme coin.
Catslap Token is a bold new meme coin that’s been dubbed “crypto’s most aggressive feline,” and it has quickly made its mark in the market.
Catslap aims to dominate the cat-themed meme coin space and dethrone sector leaders Popcat and Mog Coin, powered by its unique “slap-to-earn” game that rewards users with SLAP tokens.
The project features an engaging slapping game where players compete worldwide for the highest score on its Slapometer. To date, token holders have logged an incredible 42.9 million slaps across the world.
The team also is burning tokens. It started with a 10 million burn to celebrate after reaching 10 million slaps, helping put upward pressure on the token’s price.
After hitting additional slapping milestones, the project’s now burned a total of more than 38.4 million SLAP tokens. The team has also locked $4.4 million in liquidity to further boost investor confidence and ensure stability for early adopters.
Building on its momentum, the new slap-to-earn feature allows players to earn crypto rewards while engaging in the game. The project has attracted a growing community of over 5.89k token holders and more than 10k followers across social media platforms.
Catslap’s partnership with Best Wallet, one of the fastest-growing and most innovative crypto wallets, also gives it exposure to over 60,000 users.
Additionally, investors can earn passive income through Catslap’s staking program, offering a competitive 40% annual percentage yield (APY).
😼 Slap-2-Earn is live!
🐈 Hold $SLAP in your wallet
💳Connect your wallet to the site
👋SLAP SLAP SLAP SLAP SLAP
📈Get ranked on the leaderboard
🚀$SLAP rewards coming soonGet slappin: https://t.co/WIxjg08wEb pic.twitter.com/dn6RyrzN9G
— CatSlap (@CatSlapToken) November 29, 2024
SLAP Token Rallies 26% In 24 Hours – CEX Listing Incoming
In the last 24 hours, SLAP has surged 26%, bringing its price to $0.00385334 and its fully diluted market cap to nearly $30 million.
This surge was fueled in small part by speculation about a potential Coinbase listing. When Pepe (PEPE) listed on Coinbase recently, it’s price exploded.
You can buy SLAP directly on the project’s website using ETH, USDT, or a bank card.
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