Release: 2024/12/07 00:04 Reading: 454
Keyboard Cat Price Surges
The Keyboard Cat (KEYCAT) price has skyrocketed 76% in the last week and 3% in the last 24 hours, reaching $0.01187 at 05:33 a.m. EST, according to CoinGecko. Trading volume surged 72% to $8 million.
The KEYCAT price pump has pushed its market capitalization above $120 million.
Sustained Keyboard Cat Price Rebound
Since mid-November, the Keyboard Cat price has been correcting, forming lower highs and lows within a falling channel. However, bears have lost control after the price breached the support level of $0.0064.
KEYCAT broke through the falling channel's resistance, leading to a markup phase.
The sustained rally has now pushed the price above the 50-day and 200-day Simple Moving Averages (SMAs), supporting the asset's bullish outlook.
The Relative Strength Index (RSI) at 61.71 indicates bullish momentum without being overbought. There's room for further growth before reaching extreme levels above the 70 mark.
The bullish sentiment is supported by the Moving Average Convergence Divergence (MACD), where the MACD line has crossed above the orange signal line and zero line.
If KEYCAT maintains its momentum, it could reach the resistance level of $0.0187 or even higher. A breakout above this level would pave the way for a further target of $0.020-$0.022.
Potential Drawbacks
However, if momentum weakens, the price could retrace to $0.012-$0.015 or even the key support of $0.0085-$0.0086, where buyers may re-enter.
Newly Launched Catslap Meme Coin
Investors are also showing interest in the newly launched cat meme coin Catslap (SLAP), which has seen a 23% price increase following its listing on MEXC on December 6th. The token has experienced a 178% surge in the past week.
Catslap introduces a "Slap-2-Earn" mechanism where players compete through a global ranking system called the Slapometer. Each slap increases a country's overall score and competitive standing. The Slapometer has recorded over 240 million slaps so far.
Catslap's staking feature offers an impressive 40% annual return.
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