Is It Too Late To Buy MAD? Mad Price Surges 32% And This Might Be The Next Crypto To Explode

Mad Price Surges, Regaining Momentum

The Mad price has surged 32% in the last 24 hours, trading at $0.00003682 as of 12:20 a.m. EST, despite a 17% drop in trading volume to $7.9 million.

Price Action

The MAD/USD pairing in the 4-hour timeframe displays parabolic price action, indicating strong upward momentum driven by increased buying interest. The price peaked near $0.00008000 but corrected due to profit-taking.

Currently, the price is consolidating around $0.00002365, acting as a crucial support level that could signal a bullish reversal.

Technical Analysis

The 50-day SMA at $0.00002840 acts as dynamic resistance, while the 200-day SMA at $0.00001411 provides long-term support. The gap between these SMAs indicates a bullish trend. The Mad price, however, needs to break above the 50 MA to regain momentum.

The MACD histogram shows declining bearish momentum as the bars approach zero. The MACD line is still below the signal line, but an impending crossover could indicate a shift towards bullish momentum.

The RSI is at 50.86, placing it in neutral territory, suggesting the price is neither overbought nor oversold, allowing for potential upward movement.

Resistance and Support

Resistance levels lie at $0.00002840, $0.00003500, and $0.00008000. If the price breaks above these levels, the bullish rally could continue.

Conversely, a breakdown below 0.00002365 could lead to a deeper correction towards $0.00001411.

Catslap Token Gains Traction

While Mad is regaining bullish momentum, traders seeking new opportunities may consider the newly launched Catslap (SLAP) token, which has surged 3,777% since its launch on Thursday.

Unique Features

Catslap introduces the "Slapometer," a global clicker competition that has gained viral popularity. The feature has recorded over 6.1 million slaps worldwide.

Community Support and Partnerships

Catslap is backed by ClayBro, a crypto analyst, and has partnered with Best Wallet, a crypto wallet with over 60,000 users.

Staking

Catslap offers a staking feature with a 40% return, providing holders with passive income.