Dogecoin Price Aims For A Continued Rally, New Meme Coin Catslap (SLAP) Soars 120% In The Last 24 Hours

The Dogecoin price surged 6% in the last 24 hours to trade at $0.4402 as of 7:53 p.m. EST on trading volume that jumped 54% to $24.9 billion

Dogecoin price continued its rally on Monday, surging 6% to trade at $0.4402 as of 7:53 p.m. EST, fueled by a 54% jump in trading volume to $24.9 billion, according to CoinGecko.

The DOGE price chart showcases a strong bullish trend, with a sharp upward move and the price trading notably above the 50-day and 200-day moving averages. Following an initial parabolic rally, the price has entered a rising channel pattern, marked by higher highs and higher lows. This indicates continued bullish sentiment but within a more controlled and consolidative phase.

The Relative Strength Index (RSI) is at 60.94, indicating a strong bullish momentum but hinting at possible resistance if the price nears overbought levels again. A recent peak near 63.18 suggests mild selling pressure, likely driven by profit-taking traders.

Meanwhile, the Moving Average Divergence (MACD) has already crossed above the signal line, indicating positive momentum in the Dogecoin price. If Dogecoin price maintains its momentum within the rising channel, we could see DOGE soar even higher, breaching the upper boundary of the channel as the bulls target the next possible resistance level at $0.550.

Conversely, if the bears push the Dogecoin price to breach the lower boundary of the rising channel, we could see DOGE price plunge to the next support zone at the 50-day SMA ($0.39).

In other news, investors are flocking to buy the new meme coin, Catslap (SLAP), which has surged parabolically after its listing three days ago. According to ClayBro, a prominent crypto analyst with over 131K subscribers, Catslap could be the next meme coin to rally 50X.

Catslap Soars 120% In The Last 24 Hours – Best Crypto To Buy Now?

Catslap Token is a rapidly growing cat-themed meme coin that brings gamified clicker fun. Players compete globally via its “Slapometer,” tallying clicks and fostering an addictive, competitive environment. Its Slapometer has gone into overdrive already with more than 4.9 million slaps unleashed, and counting.

Since launching on Thursday, Catslap has surged over 2,000% to reach a market cap of $49 million.

New $SLAP ATH & Gary Gensler is stepping down.

Send it to the moon 😻 pic.twitter.com/PzaPD8fdn7

— CatSlap (@CatSlapToken) November 21, 2024

The Catslap Token has locked liquidity for 60 days, amounting to $1.9 million, so no worries about rug pulls here. It has also been given a top reliability score of 99/99 on DexTools.

With a reliable smart contract audit, Catslap is gaining huge traction among influencers and investors as it aims for centralized exchange listings. Adding to its FOMO frenzy, Best Wallet, a fast-growing crypto wallet, has partnered with Catslap, connecting it to over 60,000 users, boosting $SLAP’s visibility and momentum.

You can also earn passively through the project’s staking feature that offers a stellar 40% return.

We be cooking. Staking now live, all website buys will be staked for 7 days at 40% APY. Early unlock by burning 🔥🔥 pic.twitter.com/ZIUK9pd3sZ

— CatSlap (@CatSlapToken) November 21, 2024

The SLAP price soared 120% in the last 24 hours to trade at $0.005127, according to DexScreener.

You can purchase SLAP Token from its official website here. Buy before what the team says will be a major announcement in just 11 days. Could that be a listing on Coinbase or even Binance?