Is It Too Late to buy RWA? Rwa Inc Price Surges 41% And This Might Be The Next Crypto To Explode

The Rwa Inc price has surged 41% in the last 24 hours to trade at $0.1095 as of 3.15 a.m. EST on a 112% pump in trading volume to $5.7 million.

Rwa Inc Price Breaks Out Above A Consolidation Zone

The RWA/USD chart on the 4-hour timeframe shows a significant bullish breakout after a prolonged period of consolidation. The price had been ranging within the $0.065 to $0.080 zone, indicating indecision in the market as buyers and sellers struggled to gain control. This consolidation phase acted as a base for the current upward move, with the breakout occurring decisively above the $0.080 resistance level.

Following this breakout, the price has surged to $0.110, signaling a shift in momentum and growing buyer confidence. This upward move suggests that bulls have successfully absorbed selling pressure within the consolidation zone, paving the way for higher price levels.

Rwa Inc. price

RWAUSD Analysis Source: Dextools.io

The 50-period Simple Moving Average (SMA), currently around $0.098, serves as key dynamic support, further confirming the bullish trend. The price trading above this SMA indicates a strong short-term uptrend, with buyers firmly in control.

Additionally, the positioning of the 200-period SMA lower on the chart suggests that the longer-term trend may also be turning bullish. If the price maintains its current level and builds support above the breakout point at $0.080, this area could act as a solid foundation for the next upward leg.

Rwa Inc Price Momentum Signals Bullish Continuation

Momentum indicators further reinforce the bullish outlook as the Moving Average Convergence Divergence (MACD) shows a strong buy signal, with the MACD line (0.0033) crossing above the signal line (0.0010) and the histogram printing positive green bars. This reflects increasing momentum to the upside and rising bullish sentiment.

The Relative Strength Index (RSI) stands at 66.45, just below the overbought threshold of 70. While the RSI indicates strong buying pressure, it also suggests that the price has room to move higher before entering the overbought territory, giving bulls a further opportunity to push prices upward.

Looking ahead, if the bullish momentum continues, the next key resistance levels to watch are around $0.130 to $0.150. These levels could act as psychological barriers where sellers may attempt to regain control. However, if the price faces a pullback, the breakout point near $0.080 now serves as a strong support level.

A retest of this level would be a healthy correction, allowing the price to build a stronger base before resuming its upward trajectory.

Catslap (SLAP) Sees Explosive Growth Ahead Of Big Announcement

Meanwhile, another viral meme coin called Catslap (SLAP) is also capturing the attention of traders, and influential YouTuber ClayBro, who boasts over 131K subscribers, says the token could see a massive 50X surge after launch.

 

This recently launched project offers a unique twist with its interactive Slap-to-Earn game. Players have already logged an impressive 831 million slaps on the global Slapometer. The feature has spurred rapid community growth, with the number of SLAP token holders climbing to 1 billion as well.

Adding to its momentum, Catslap recently achieved “Hot Token” status on Best Wallet, a popular crypto wallet with over 70,000 users. This milestone has significantly boosted the coin’s visibility.

Moreover, the project is gearing up for the Zealy Community Slapdrop Campaign, which combines social challenges with Slap-to-Earn mechanics. Participants can earn XP, climb the leaderboard, and unlock rewards ranging from $10,000 to $100,000 for the top 10 spots.

Additional rewards include SLAP tokens distributed via airdrops, with higher leaderboard ranks yielding greater payouts.

For passive income, SLAP also offers an attractive staking program with an annual percentage yield (APY) of 40%.

The coin’s market performance has been equally remarkable since its listing on MEXC last week. The SLAP price is currently trading at $0.00508776, according to CoinGecko.

Excitement is mounting as developers hint at a major announcement in less than 2 days, sparking speculation about a potential Coinbase or Binance listing.

Buy SLAP tokens here.

Related Articles:

  • Crypto All-Stars Presale Closes On $14 Million
  • How to Invest in DeFi (2024 Guide)
  • Why Is Solana Climbing? About To Top XRP Again? 

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