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The Thena value plunged 19% within the final 24 hours to commerce at $2.98 as of 6:55 a.m. EST.
The correction within the THE value within the final 24 hours comes after the crypto set a brand new all-time excessive at $4.10 on Nov. 27 after surging greater than 1,400% in every week.
Thena Value Consolidates
4-hour chart for THE/USD (Supply: GeckoTerminal)
The Thena value entered right into a consolidation part between $2.8158 and $3.8898 within the final 24 hours, based on GeckoTerminal. This era of sideways buying and selling is perhaps the precursor to a significant transfer heading into the weekend.
If THE begins to rally, it might try to flip the resistance stage at $3.8898 into help. Clearing this technical impediment would possibly give the crypto a strong basis to rise off from within the following 24 hours. Merchants might then attempt to push the Thena value as much as the next resistance at $4.8590.
A extra bearish situation might play out if the Thena value falls under the $2.8158 help. Breaking down under this mark would possibly expose the crypto to the danger of falling right down to the following security web at $2.0299.
Technicals Counsel Bulls May Retake Management Of The Thena Value
From a technical standpoint, indicators on THE’s hourly chart recommend the crypto’s latest bearish momentum is perhaps cooling down. Extra particularly, the Transferring Common Convergence Divergence (MACD) and the Bollinger Bands level to a possible improve within the Thena value within the coming 24 hours.
In latest hours, the MACD line has began to rise towards the MACD Sign line. Merchants would possibly interpret the shrinking hole between these two traces as an early indication that Thena’s momentum would possibly quickly flip bullish. A affirmation of this could possibly be when the MACD line crosses above the MACD Sign line.
In the meantime, the Thena value is at present resting on the decrease band of the Bollinger Bands indicator, which is usually seen as a purchase sign. Merchants may additionally be gearing up for a robust transfer because the hole between the higher and decrease bands shrinks. The Thena value’s positioning on the decrease band and the shrinking hole between the 2 bands recommend THE would possibly rally quickly.
Whereas merchants wait to see what the Thena value will do subsequent, consultants say a brand new cat-themed meme coin by the title of Catslap (SLAP) is perhaps the perfect crypto to purchase now.
Might This New Cat-Themed Token Overtake POPCAT?
Catslap Token is a brand new meme coin venture trying to set up itself within the cat-themed crypto market. Though this sector is at present led by Popcat (POPCAT), Catslap is on monitor to dethrone the Solana meme coin if its present trajectory continues.
After launching simply over every week in the past, Catslap already boasts over 8.1K holders. Moreover, the crypto already has a market capitalization better than $23 million. This can be a rarity for brand spanking new tasks within the burgeoning crypto house.
Maintaining this momentum might show to be a troublesome activity, however with every little thing Catslap has lined up, the venture might simply soar to new heights. Most notably is the venture’s viral slapping recreation, which has recorded 14.9 million slaps worldwide.
This reveals that folks from all all over the world are already actively partaking with the venture by way of its recreation.
What’s extra, Catslap’s crew not too long ago introduced that they are going to be including a play-to-earn ingredient to their viral recreation. This incomes functionality might ignite a frenzy across the new meme coin, which is why many traders are already speculating that Catslap might turn into the following Hamster Kombat.
Consultants consider Catslap has every little thing wanted to proceed its spectacular efficiency. Fashionable YouTuber ClayBro, who has over 131K subscribers, predicted that SLAP could possibly be the following meme coin to surge 50X.
Buyers Rush To Purchase SLAP Earlier than The Staff’s “Main Announcement”
Catslap’s crew has revealed {that a} “main” announcement might be made in lower than 6 days. Given the magnitude of the venture’s newest developments, it’s possible that this announcement might be one thing large.
One risk is a CEX itemizing because the rumor mill is abuzz with discuss of a doable itemizing on Coinbase or Binance.
Buyers can purchase the token forward of this announcement utilizing the purchase widget embedded on the venture’s web site. Promoting at present for $0.00283417, SLAP may be purchased with both ETH, USDT or financial institution card.
Buy SLAP right here.
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