Slothana price has increased by 13% in the past 24 hours, trading at $0.01898, and trading volume has increased by 25% to $9.8 million. Rumors about SLOTH adding a Tier 1 centralized exchange (CEX) listing have sparked excitement about Slothana's price. The network's token destruction mechanism has also driven SLOTH enthusiasts into the market. According to this mechanism, every time Slothana's price increases by a penny, the network destroys $1 million worth of SLOTH tokens.
The price of Slothana has bounced back from a strong support zone. If the 50-day simple moving average can be turned into a support level above the ascending channel pattern, the price will have further upside potential. The bullish sentiment is strong and SLOTH remains stable at the $0.01381 support zone.
Although the bears pushed the price lower within the descending channel, the bulls showed resilience by establishing a solid support zone that prevented further bearish profit booking. This support zone also allowed the bulls to start a rally that could push the price back to the May 21 high of $0.05947.
The price of Slothana is trading below the 50-day and 200-day SMAs. A breakout above the 50-day SMA will provide additional support to the bulls and help push the price higher and boost the bullish momentum.
However, the Relative Strength Index (RSI) suggests that the bulls are not sure about the control of the situation as the RSI is consolidating around the 50 midline level. The momentum indicator is also moving sideways. If the bulls increase the buying pressure, the price of Slothana may rise to the overbought zone of 70.
If the $0.02307 resistance level can be turned into support, it will lay a solid foundation for further gains. Traders looking to go long on SLOTH should wait for the price to close above $0.02307. Such a move will help Slothana break the upper resistance of the descending channel, which is located at $0.02307. If the upward momentum continues, the price of SLOTH could climb to the critical resistance level of $0.05976.
On the other hand, if the bears regain control of the situation, they are likely to push the price lower and force the bulls to retreat to the $0.00964 support level.
Sealana's pre-sale has raised more than $3 million, and this number is still growing. Youtuber Crypto Boy said that once Sealana goes public, it could be the next 100x opportunity.
Sealana's presale follows Slothana's "Send SOL" approach. This means there are no timers, stages, or hard caps to complete the presale, which means the presale may end at any time. So, if you are interested, it is best to buy as soon as possible.
Buy SEAL tokens on the official website at $0.022 each using SOL, BNB, ETH or a bank card. Investors will receive the airdropped tokens directly after the presale ends.
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