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The Mad price has surged 32% in the last 24 hours to trade at $0.00003682 as of 12:20 a.m. EST on a 17% drop in trading volume to $7.9 million.
Mad Price Bulls Regain Momentum
The MAD/USD trading pair in the 4-hour timeframe shows a parabolic price action, which indicates strong upward momentum driven by heightened buying interest. The price peaked near $0.00008000 but faced a sharp correction due to profit-taking or overbought conditions.
Currently, the price is stabilizing around $0.00002365, which is acting as a key support level, potentially signalling a bullish reversal. If this support holds, the price could resume its upward trend.
MADUSD Analysis Source: Dextools.io
The 50-day simple moving average (SMA) at $0.00002840 acts as dynamic resistance, while the 200-day SMA at $0.00001411 serves as long-term support. The wide gap between the two SMAs underscores the overall bullish trend. However, the Mad price must break above the 50 MA for it to regain momentum.
The MACD histogram shows diminishing bearish momentum as the bars shrink toward zero. Although the MACD line is still below the signal line, an impending crossover could mark a shift toward bullish momentum. Additionally, the RSI is at 50.86, placing it in neutral territory. This suggests the price is neither overbought nor oversold, creating room for a potential upward move.
On the upside, resistance lies at $0.00002840, with further hurdles at $0.00003500 and $0.00008000. If the price breaks above these levels, the bullish rally could continue, offering significant rewards.
Conversely, a breakdown below 0.00002365 could lead to a deeper correction toward $0.00001411. Overall, this setup presents an opportunity for high returns, but traders should exercise caution and implement proper risk management strategies
Catslap Token Surges 3,777% In Four Days
Meanwhile, as the Mad price regains its bullish stance, traders looking for new options might consider the newly launched viral meme coin Catslap (SLAP), which has soared 3,777% since it launched on Thursday.
This cat-themed coin blends meme culture with gamified fun and has caught the attention of both investors and analysts.
Juicy 7 ETH buy. Whales are here for the $SLAPhttps://t.co/GtbR824eFm pic.twitter.com/xxO4zTBPwL
— CatSlap (@CatSlapToken) November 24, 2024
Among its fans is ClayBro, a well-known crypto analyst with over 131,000 subscribers, who believes Catslap Token has the potential to become the next big thing in the meme coin space, projecting a possible 50X surge.
Catslap (SLAP) is backed by a unique concept. The token introduces the “Slapometer,” a global clicker competition where players tally slaps in an addictive, competitive environment. The feature has already gone viral, with over 6.1 million slaps recorded wordldwide, and counting.
Catslap has skyrocketed by over 161% in the last 3 days, pushing its market cap to an impressive $49 million. It’s also earned a stellar 99/99 reliability score on DexTools, solidifying its reputation in the crypto community.
Catslap Token is proving itself to be a secure and reliable project. With $3 million in liquidity locked for 60 days, it eliminates concerns about rug pulls. To top it off, the project has undergone a trusted smart contract audit, further boosting investor confidence.
Staking applies to buys through Upcoming Tokens as well 🔥 https://t.co/uBLTUSTNHP
— Best Wallet (@BestWalletHQ) November 21, 2024
Adding to the excitement is its strategic partnership with Best Wallet, a rapidly expanding crypto wallet with over 60,000 users. This collaboration significantly enhances Catslap’s exposure and momentum.
Investors have even more to be excited about with Catslap’s staking feature, which offers an impressive 40% return. This feature allows holders to earn passively while benefiting from the token’s growing popularity.
Buy SLAP before what its developer says will be a major announcement in about 9 days.
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