Zircuit (ZRC) Price Rebounds Within Bullish Channel Targeting $0.09000

The Zircuit price has surged 12% in the last 24 hours to trade at $0.08496 as of 6:30 a.m. EST on a 24% drop in trading volume to $112 million.

Zircuit (ZRC) price is up 12% in the last 24 hours to trade at $0.08496 as of 6:30 a.m. EST on a 24% drop in trading volume to $112 million. The Web3 L2 network token has surged 65% in the past week and an impressive 220% in the last 30 days.

This surge in ZRC price comes amid a broader market rally, with total crypto market cap adding 2.5% in the last 24 hours to reach $1.13 trillion again. Bitcoin (BTC) price is up 1.2% in the last 24 hours to trade at $47,000 again, while ETH price is up 0.8% to trade at $3,400 again.

However, both BTC and ETH prices are down from their respective 24 hour highs of $47,300 and $3,430, respectively. But both are up around 2% in the past week, continuing their recovery from last week's lows.

Zircuit Price Analysis

The ZRC/USD trading pair shows a bullish market structure with a bullish pennant pattern, highlighted in red and visible in the above chart. This pattern normally forms after a sharp upward move, signaling a period of consolidation before the continuation of the trend. The breakout above the pennant confirms the bullish momentum as the price surged higher.

The price trading at $0.08496 also displays a parabolic curve following this breakout, indicating accelerating bullish momentum. However, such parabolic moves often result in short-term corrections due to overextension. The price movement is contained within an upward-sloping channel (blue), reflecting the broader bullish trend.

ZRCUSD Analysis Source: Dextools.io

The 50-period moving average (MA), currently at $0.08246, acts as immediate support, with the price consistently staying above it. Meanwhile, the 200-period MA, positioned at $0.07712, provides a strong support level farther below, affirming the long-term bullish bias.

The MACD indicator shows bullish momentum with a histogram value of $0.00134, though there is a slight tapering, which may indicate a potential slowdown.

The RSI is at 62.00, which places it in the bullish zone without being overbought. This indicates that the Zircuit price can rise further before a correction becomes likely.

The market shows strong bullish momentum, which is supported by the pennant breakout and the parabolic curve. However, the parabolic nature of the recent price action raises the possibility of a short-term correction.

Currently, the price is at $0.08628, just above the breakout point and approaching the upper boundary of the ascending channel. At the channel’s upper edge, immediate resistance is between $0.08650 and $0.08700. If the price breaks above this range, it could target $0.09000 or higher.

On the downside, the 50-MA at $0.08246 serves as the first support level, followed by the 200-MA at $0.07712, which aligns with the broader trendline support.

Catslap (SLAP): The Next Meme Coin To Buy Today!

While the Zircuit price holds steady, investors are rushing to Catslap (SLAP), a new meme cryptocurrency inspired by cats and interactive gaming.

Catslap appears well-positioned to follow the success of cat-themed token rivals like POPCAT, MEW,

Popular crypto analyst and YouTuber ClayBro, with over 131,000 subscribers, predicts the coin could surge another 50X, potentially becoming the next big meme coin.

One of Catslap’s main attractions is its viral “Slapometer” game, where players compete by logging slaps. Over 6.3 million slaps have been recorded so far, fueling its popularity.

Catslap is also building trust with investors. It earned a top score of 99/99 on DexTools, and $3 million in liquidity is locked for 60 days, reducing rug pull risks. Additionally, the token passed a trusted, smart contract audit, further boosting investor confidence.

Staking applies to buys through Upcoming Tokens as well 🔥 https://t.co/uBLTUSTNHP

— Best Wallet (@BestWalletHQ) November 21, 2024

Catslap has partnered with Best Wallet, a growing crypto wallet with over 65,000 users to strengthen its momentum. The token also offers a staking feature with a huge 40