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The Mad worth plunged 12% within the final 24 hours to commerce at $0.00005050 as of 11:17 p.m. EST on buying and selling quantity that soared 60% to $11.3 million.
Mad Worth Might Nonetheless Soar
The MAD/USD 4-hour chart reveals vital bullish exercise, with the Mad worth momentum constructing after a chronic interval of consolidation. A notable Inverse head-and-shoulders sample, a traditional bullish reversal construction, is seen.
This construction fashioned between late November and early December, with the neckline breakout occurring close to the $0.00004506 degree, in accordance with information from GeckoTerminal. The value efficiently retested the neckline earlier than rallying additional, confirming the breakout.
In the meantime, the 50-day Easy Transferring Common (SMA) is trending upwards and at the moment at $0.00004479, offering near-term assist. The 200-day SMA at $0.00002923 stays far beneath, underscoring a robust long-term bullish development.
The Relative Energy Index (RSI) is at 52.34, which is in impartial territory. This means the present worth motion is balanced, with neither overbought nor oversold circumstances. The RSI’s current decline from overbought ranges gives room for additional upside earlier than encountering potential exhaustion.
Primarily based on the inverse head and shoulders breakout and total bullish development, the value seems poised for one more upward leg. The speedy resistance degree lies close to $0.000070, the place the value would possibly encounter psychological promoting strain. If this degree is breached with robust quantity, the bulls might goal $0.00008-$0.00009.
Mad Worth Chart Evaluation. Supply: GeckoTerminal.comWithin the quick time period, the value might expertise some consolidation or a minor pullback towards the $0.0000450-$0.0000480 assist zone earlier than resuming its uptrend.
In the meantime, traders are dashing to purchase the newly launched meme coin Catslap (SLAP), which ClayBro, a distinguished crypto analyst with over 131K subscribers, says could possibly be the subsequent meme coin to surge 50X.
Catslap: Greatest Various To MAD?
Catslap’s worth has risen 5,557% because it launched three weeks in the past, and given the recognition of the venture’s viral, play-to-earn slapping recreation, there could also be extra upside forward.
The venture introduces an modern Slap-2-Earn mechanism for crypto fanatics.
The sport has already recorded a large 646 million slaps on its Slapometer globally. The recognition of the sport has boosted neighborhood engagement and there at the moment are 18,796 people holding SLAP tokens.
Its “Scorching Token” standing on Greatest Pockets, a fast-growing crypto pockets, connects it to over 60,000 customers, boosting visibility and momentum.
Token holders may also earn passively through the venture’s staking mechanism, which provides a 40% annual share yield (APY).
We be cooking. Staking now stay, all web site buys will likely be staked for 7 days at 40% APY. Early unlock by burning 🔥🔥 pic.twitter.com/ZIUK9pd3sZ
— Catslap (@CatSlapToken) November 21, 2024
The token surged after its itemizing on MEXC final week, and its developer is now teasing one other main announcement in about 7 days. That’s rumored to be one other CEX itemizing, with some speculating it could possibly be Coinbase.
SLAP is at the moment buying and selling at $0.00578 after a ten% enhance within the final 24 hours, in accordance with information from CoinGecko.
You should purchase SLAP Token from its official web site right here.
Associated Information
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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