{"id":603950,"date":"2024-11-25T07:58:46","date_gmt":"2024-11-25T07:58:46","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=603950"},"modified":"2024-11-25T07:58:46","modified_gmt":"2024-11-25T07:58:46","slug":"is-it-too-late-to-buy-mad-mad-price-surges-32-and-this-might-be-the-next-crypto-to-explode","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/is-it-too-late-to-buy-mad-mad-price-surges-32-and-this-might-be-the-next-crypto-to-explode","title":{"rendered":"Is It Too Late To Buy MAD? Mad Price Surges 32% And This Might Be The Next Crypto To Explode"},"content":{"rendered":"

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.<\/p>\n

Mad Price Bulls Regain Momentum<\/h2>\n

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.<\/p>\n

Currently, the price is stabilizing around $0.00002365<\/a>, which is acting as a key support level, potentially signalling a bullish reversal. If this support holds, the price could resume its upward trend.<\/p>\n

\"Mad<\/p>\n

MADUSD Analysis Source: Dextools.io<\/p>\n

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.<\/p>\n

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.<\/p>\n

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.<\/p>\n

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<\/p>\n

Catslap Token Surges 3,777% In Four Days<\/h2>\n

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.<\/p>\n

This cat-themed coin blends meme culture with gamified fun and has caught the attention of both investors and analysts.<\/p>\n

\n

Juicy 7 ETH buy. Whales are here for the $SLAP<\/a>https:\/\/t.co\/GtbR824eFm<\/a> pic.twitter.com\/xxO4zTBPwL<\/a><\/p>\n

— CatSlap (@CatSlapToken) November 24, 2024<\/a><\/p><\/blockquote>\n