Catslap (SLAP) Price Pumps 4% as Investors Accumulate the New Meme Coin

Investors are quickly adding gaming tokens, such as Catslap (SLAP), to their portfolios in anticipation of the positive long-term impact of the release on the crypto gaming space.

The Catslap price has surged more than 4% in the last 24 hours to trade at $0.003207 as of 6:03 a.m. EST.

The jump in the SLAP price comes after NVIDIA (NASDAQ:NVDA) CEO Jensen Huang unveiled the firm’s next-generation of gaming chips, the RTX 50-series, at the CES 2025 conference.

The crypto had a 24-hour trading volume of $11,333,103 at the time. It is ranked 3144 among all cryptocurrencies based on market cap.

The price of the meme coin has risen by more than 30% in the last seven days and is up more than 2,200% since the start of 2024.

Catslap Price Forms A Positive Channel And Breaks A Major Resistance

Daily chart for SLAP/USD (Source: DexTools)

On its daily chart, the Catslap price formed a bullish price channel as it posted a series of higher highs and higher lows over the past few days. This positive sequence led to the meme coin overcoming the resistance level at $0.002717.

Should the crypto keep climbing, it could soon challenge the next major barrier at $0.003878. With enough backing from buyers, the Catslap price might be able to flip this level into support before potentially rising to as high as $0.005039 in the short term.

Conversely, traders deciding to take profit through the course of the next 48 hours could lead to the Catslap price dropping out of the ascending channel. If the crypto falls out of this positive range, it might end up testing the support level at $0.001731.

Catslap Price Technicals Show A Lot Of Bullish Strength

From a technical perspective, indicators on SLAP’s daily chart suggest the crypto could keep rising in the coming 24 hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are showing bullish signs.

Momentum recently shifted in favor of buyers, as indicated by the MACD line’s cross to above the MACD Signal line. Now, as the gap between the two lines grows, it seems Catslap’s bullish momentum is picking up steam.

Meanwhile, RSI readings have started to rise in the last couple of days, with the indicator breaking above the neutral 50 mark in the last 24 hours. Traders usually see increasing RSI readings as an indication of strengthening buying power. With the positive slope of the RSI line, it appears bulls are still accumulating strength against their bearish counterparts.

Other News:

Investors are also flocking to vote-to-earn meme coin Flockerz (FLOCK), which recently saw its presale raise over $9 million.

According to the popular 99Bitcoins YouTube channel, which has more than 706K subscribers, FLOCK has the potential to surge 100X after its launch.