TEMA Price Spikes Along The Parabolic Curve, Cat-Themed Meme Coin Catslap (SLAP) Poised For Explosive Growth

The TEMA price has plummeted 16% in the last 24 hours to trade at $0.05343 on 7% jump in trading volume to $90 million.

Tema price plummets 16% to trade at $0.05343 after a 7% surge in trading volume to $90 million.

TEMA’s parabolic price trajectory continues, with key support levels at $0.0134 and $0.0349.

Bulls aim for $0.07 highs as price remains within parabolic curve, while a breakdown below $0.0349 could trigger a correction.

Tema price shows signs of a potential pullback, making cat-themed meme coin Catslap (SLAP) an interesting investment opportunity.

With growing hype around SLAP and its potential to become the next 100X meme coin, investors could consider adding SLAP to their watchlist or portfolio.

Tema price’s 16% decline on Friday follows a seven-day rally that saw the cryptocurrency’s value soar by over 200%. During this rally, TEMA’s trading volume also surged, reaching a high of $83 million on December 22. However, this volume has since declined, with Friday’s trading volume notably lower than the recent peak.

Tema’s price has been following a parabolic curve on the four-hour timeframe, with a steep ascent from $0.01342 at the 200-period moving average to its current level at $0.05344, reflecting a 1.79% increase. This parabolic price trajectory is accompanied by several key support levels.

The first level of support is at $0.0134, which marks the initial consolidation zone that fueled the rally. The second level of support is at $0.0349, which aligns closely with the 50-period moving average. Tema’s price has been trading above both moving averages, confirming the strength of the bullish trend.

A breakdown below the 50-period MA could signal a loss of momentum and a potential reversal.

The MACD indicator is also presenting an interesting insight, with the MACD line at 0.0054, which is higher than the signal line at 0.0051. This indicates upward momentum, and the positive histogram reading of 0.0003 further supports this observation. However, the narrowing histogram suggests that momentum may be slowing, increasing the risk of a bearish crossover.

The Relative Strength Index (RSI) is at 65.81, approaching the overbought zone (above 70). This indicates bullish conditions but warns of potential price exhaustion if the RSI continues to rise.

If the price holds above $0.0349, the bullish trajectory is likely to continue, with the potential to surpass $0.07 in the coming sessions.

Conversely, a breakdown below the parabolic curve or $0.0349 could trigger a correction toward $0.0349 or, in extreme cases, $0.0134.

Traders should watch for pullbacks near the parabolic curve or support levels as entry points for long positions, with targets set above $0.07. Alternatively, short positions could be considered if the price breaks below $0.0349, targeting lower levels.