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The TEMA price has plummeted 16% in the last 24 hours to trade at $0.05343 as of 8:04 a.m. EST on a 7% jump in trading volume to $90 million.
TEMA Price Spikes Along A Parabolic Curve
The TEMA/USD chart on the 4-hour timeframe shows a strong parabolic uptrend, with the current price at $0.05344, reflecting a 1.79% increase. Key support levels are visible, with Support Level 1 at $0.0134 representing the initial consolidation zone that fueled the rally, and Support Level 2 at $0.0349 aligning closely with the 50-period Moving Average (MA). The price has been following a parabolic curve, suggesting strong bullish momentum, though such patterns often lead to sharp corrections once momentum weakens.
TEMAUSD Analysis Source: Dextools.io
The MAs further emphasize the uptrend, with the 50-period MA at $0.03497 and the 200-period MA at $0.01342. The price trading significantly above both MAs confirms the strength of the bullish trend. However, a breakdown below the 50-period MA could signal a loss of momentum and a potential reversal.
The Moving Average Convergence Divergence (MACD) indicator supports the bullish outlook, with the MACD line at 0.0054 above the signal line at 0.0051 and a positive histogram reading of 0.0003. While this indicates upward momentum, the narrowing histogram suggests that momentum may be slowing, increasing the risk of a bearish crossover.
Similarly, the Relative Strength Index (RSI) is at 65.81, approaching the overbought zone (above 70). This indicates bullish conditions but warns of potential price exhaustion if the RSI continues to rise.
Tema Price Bulls Aim For $0.07 High
If the price holds above Support Level 2 at $0.0349, the bullish trajectory is likely to continue, with the potential to surpass $0.07 in the coming sessions.
Conversely, a breakdown below the parabolic curve or Support Level 2 could trigger a correction toward $0.0349 or, in extreme cases, $0.0134.
Traders should watch for pullbacks near the parabolic curve or support levels as entry points for long positions, with targets set above $0.07. Alternatively, short positions could be considered if the price breaks below $0.0349, targeting lower levels.
Catslap Viral Meme Coin Poised For Explosive Growth
As Tema price shows signs of a potential pullback, investors are increasingly looking to the cat-themed meme coin Catslap (SLAP), with the growing hype around the crypto potentially triggering a significant price surge in the short term.
According to influencer Jacob Crypto Bury, who has more than 45K YouTube subscribers, SLAP has the potential to become the next 100X meme coin.
Catslap has become hugely popular thanks to its viral slapping game, where players can slap characters like Pepe the Frog, Chris Rock, Kamala Harris, and Michael Jackson. So far, the game has racked up over 1.8 billion slaps worldwide. The project has gained even more traction with the introduction of a slap-to-earn feature, allowing players to earn cryptocurrency rewards with each slap.
SLAP Set For Major Growth With Strategic Listings
The addition of the new feature has sparked speculation that Catslap could mirror the success of the viral clicker game Hamster Kombat, which has a market cap of over $155 million. With Catslap’s current market cap at $28.3 million, there’s potential for investors to see at least a 5X return if it achieves the same level of success as Hamster Kombat.
— CRYPTOFIED1 (@CRYPTOFIED1) December 21, 2024
Unlike most traditional meme coins that rely on presales, SLAP took a different approach by launching directly on the open market, avoiding the risk of post-presale dumps. It’s already available on a decentralized exchange and recently secured a listing on MEXC, one of the top centralized exchanges by daily trading volume. This listing boosts SLAP’s visibility and gives it access to a wide pool of traders.
On top of that, Catslap has partnered with Best Wallet, one of the fastest-growing crypto wallets, which gives SLAP access to over 100,000 users and makes it easier for investors to purchase the token.
With its innovative strategy, viral gaming appeal, and increasing accessibility, SLAP is positioning itself as a strong contender in the meme coin market.
The upcoming token burn and other strategic developments could further accelerate its growth, making it an attractive 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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