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The TEMA worth has plummeted 16% within the final 24 hours to commerce at $0.05343 as of 8:04 a.m. EST on a 7% leap in buying and selling quantity to $90 million.
TEMA Value Spikes Alongside A Parabolic Curve
The TEMA/USD chart on the 4-hour timeframe reveals a robust parabolic uptrend, with the present worth at $0.05344, reflecting a 1.79% enhance. Key help ranges are seen, with Help Stage 1 at $0.0134 representing the preliminary consolidation zone that fueled the rally, and Help Stage 2 at $0.0349 aligning carefully with the 50-period Shifting Common (MA). The worth has been following a parabolic curve, suggesting robust bullish momentum, although such patterns typically result in sharp corrections as soon as momentum weakens.
TEMAUSD Evaluation Supply: Dextools.io
The MAs additional emphasize the uptrend, with the 50-period MA at $0.03497 and the 200-period MA at $0.01342. The worth buying and selling considerably above each MAs confirms the power of the bullish pattern. Nonetheless, a breakdown beneath the 50-period MA might sign a lack of momentum and a possible reversal.
The Shifting Common Convergence Divergence (MACD) indicator helps the bullish outlook, with the MACD line at 0.0054 above the sign line at 0.0051 and a constructive histogram studying of 0.0003. Whereas this means upward momentum, the narrowing histogram means that momentum could also be slowing, growing the chance of a bearish crossover.
Equally, the Relative Energy Index (RSI) is at 65.81, approaching the overbought zone (above 70). This means bullish circumstances however warns of potential worth exhaustion if the RSI continues to rise.
Tema Value Bulls Goal For $0.07 Excessive
If the worth holds above Help Stage 2 at $0.0349, the bullish trajectory is prone to proceed, with the potential to surpass $0.07 within the coming periods.
Conversely, a breakdown beneath the parabolic curve or Help Stage 2 might set off a correction towards $0.0349 or, in excessive circumstances, $0.0134.
Merchants ought to look ahead to pullbacks close to the parabolic curve or help ranges as entry factors for lengthy positions, with targets set above $0.07. Alternatively, quick positions could possibly be thought of if the worth breaks beneath $0.0349, focusing on decrease ranges.
Catslap Viral Meme Coin Poised For Explosive Development
As Tema worth reveals indicators of a possible pullback, traders are more and more seeking to the cat-themed meme coin Catslap (SLAP), with the rising hype across the crypto probably triggering a major worth surge within the quick time period.
Based on influencer Jacob Crypto Bury, who has greater than 45K YouTube subscribers, SLAP has the potential to grow to be the subsequent 100X meme coin.
Catslap has grow to be vastly standard because of its viral slapping sport, the place gamers can slap characters like Pepe the Frog, Chris Rock, Kamala Harris, and Michael Jackson. Thus far, the sport has racked up over 1.8 billion slaps worldwide. The venture has gained much more traction with the introduction of a slap-to-earn function, permitting gamers to earn cryptocurrency rewards with every slap.
SLAP Set For Main Development With Strategic Listings
The addition of the brand new function has sparked hypothesis that Catslap might mirror the success of the viral clicker sport Hamster Kombat, which has a market cap of over $155 million. With Catslap’s present market cap at $28.3 million, there’s potential for traders to see not less than a 5X return if it achieves the identical stage of success as Hamster Kombat.
$SLAP https://t.co/mYXFAiovzV
— CRYPTOFIED1 (@CRYPTOFIED1) December 21, 2024
In contrast to most conventional meme cash that depend on presales, SLAP took a distinct method by launching instantly on the open market, avoiding the chance of post-presale dumps. It’s already accessible on a decentralized trade and just lately secured an inventory on MEXC, one of many high centralized exchanges by each day buying and selling quantity. This itemizing boosts SLAP’s visibility and provides it entry to a large pool of merchants.
On high of that, Catslap has partnered with Greatest Pockets, one of many fastest-growing crypto wallets, which provides SLAP entry to over 100,000 customers and makes it simpler for traders to buy the token.
With its revolutionary technique, viral gaming enchantment, and growing accessibility, SLAP is positioning itself as a robust contender within the meme coin market.
The upcoming token burn and different strategic developments might additional speed up its progress, making it a lovely funding alternative.
Buy SLAP right here.
Associated Articles:
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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