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The Akuma Inu price has soared 70% in the last 24 hours to trade at $0.0003873 as of 7 a.m. EST on an 18% pump in trading volume to $3.4 million.
Akuma Inu Price Breaks Above The Rounded Bottom
The AKUMA/USD price action indicates a strong bullish trend, with the current price trading at $0.0003874, reflecting strong upward momentum and increasing trader interest.
A key support level lies at $0.0001291, which aligns with the 200-day moving average (MA200) and is the foundation for a rounded bottom pattern. This pattern is a classic bullish reversal signal, often indicating the beginning of a sustained uptrend.
Additionally, the 50-day moving average (MA50), currently at $0.0002137, acts as immediate support and has been trending upward, reinforcing the overall bullish structure. The breakout above the previous resistance level at $0.0002500 is a critical confirmation of this bullish trend, with the price now targeting higher levels.
AKUMAUSD Analysis Source: Dextools.io
The MACD (Moving Average Convergence Divergence) shows strong bullish momentum, with the MACD line well above the signal line and an expanding histogram that reflects increasing buying pressure. This suggests that traders are actively accumulating the asset, pushing prices higher.
Meanwhile, the RSI (Relative Strength Index) is 68.23, nearing the overbought zone. This level indicates strong bullish momentum but hints at a potential short-term pullback if the RSI crosses overbought territory (above 70).
Akuma Inu Price Signals More Uptrend Ahead
The rounded bottom breakout and subsequent rally suggest that the next significant price target could be around $0.0004500, which aligns with historical price action and potential Fibonacci extensions.
However, if the price faces resistance or profit-taking near current levels, it may pull back to test support at $0.0003000 or the MA50 at $0.0002137. A deeper retracement would target the MA200 at $0.0001291, which remains a critical level for maintaining the bullish outlook.
The strong alignment between the moving averages and support levels suggests a solid foundation for the uptrend as long as the price stays above these levels. The chart presents an optimistic scenario, with the breakout above $0.0002500 as a key validation for further upside.
Catslap Viral Meme Coin Poised For Explosive Growth
Meanwhile, crypto influencer Clay Bro, with more than 134K YouTube subscribers, says the cat-themed meme coin Catslap (SLAP) has 50X potential.
Catslap has skyrocketed in popularity due to its viral slapping game, where players can slap characters like Pepe the Frog, Chris Rock, Kamala Harris, and Michael Jackson.
The game has amassed over 2.3 billion slaps globally, gaining even more traction with its new slap-to-earn feature. This addition allows players to earn cryptocurrency rewards for slaps, enhancing the game’s appeal.
The introduction of slap-to-earn has fueled speculation that Catslap could replicate the success of Hamster Kombat, a viral clicker game with a market cap exceeding $155 million. With Catslap’s current market cap at $20 million, there’s potential for investors to see explosive growth.
Unlike most meme coins that rely on presales, SLAP opted for a direct market launch, avoiding the risk of post-presale dumps. Already available on decentralized exchanges, SLAP recently secured a listing on MEXC, a top centralized exchange by daily trading volume. This move significantly boosted its visibility and accessibility to a broader trader base.
I have to admit – @CatSlapToken makes me smile!
🔷 CATSLAP – Get It Here 👉 https://t.co/ANylkTVhU8 pic.twitter.com/hdToJe7imN
— Austin Hilton (@austinahilton) December 28, 2024
Catslap has also partnered with Best Wallet, one of the fastest-growing crypto wallets. This partnership grants SLAP access to over 100,000 users and simplifies token purchases for investors.
With its viral gaming appeal, strategic partnerships, and increased accessibility, SLAP is carving a niche in the competitive meme coin market.
Upcoming developments, including a token burn and other strategic initiatives, could further accelerate its growth, positioning SLAP as a compelling investment opportunity.
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Catslap (SLAP) - New Cat Meme Coin On Ethereum
- Listed on MEXC
- Featured on Cointelegraph
- Trending on CoinGecko, DEXTools
- 10,000+ Holders
- Slap To Earn Utility
- Token Burns
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