Mom Iggy Price Outlook MOTHER Plunge 7 Traders Flock to This Solana Rival Time Is Running Out

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Mother Iggy’s price has dropped 7% over the past 24 hours to trade at $0.13595, with trading volume down 45% to $41 million as of 3:30 a.m. ET.
Mother Iggy price signal shows rebound within bullish pennant
The price of MOTHER has fallen below the 50 and 21-day simple moving averages, indicating an intensification of selling pressure. Moreover, the moving average crossover pattern supports the current bearish trend, forcing the bulls to retreat to the lower line of the formed bull pennant.
This streamer could provide a platform for bulls to regain control of price and push the market to new all-time highs in MOTHER prices.
Mother Iggy Price Analysis (Source: Dextools.io)
Mother Iggy has declined and dropped from the upper line of the bullish pennant at $0.2022 to the support level of $0.1307. However, there are signs that a rebound may be in the offing as the bulls have already started pushing the price higher. If this momentum continues, it could push the price above the simple moving average and take it above the pennant.
Despite the falling price, the relative strength index (RSI) is rebounding at 40, just below the midline of 50. This suggests that the RSI could rebound towards the overbought level of 70.
Moreover, the Moving Average Convergence Divergence (MACD) indicator has fallen below neutral levels, reinforcing bearish sentiment. The blue moving average line crossed below the signal line and the histogram turned red, further strengthening the bears’ confidence.
Mother price bulls may regain momentum
The bullish pennant pattern may strengthen the bulls’ momentum and push the price towards the all-time high of $0.2498. Moreover, if the price gains momentum above the 50-day simple moving average, it may help the bulls to push the price above the pennant to pursue a new all-time high of $0.3455.
However, if the bears continue to adjust, they might send the price to the $0.1296 support level, below which is the lower boundary of the bull pennant. Sustained downward pressure could result in a further drop to $0.0717.
Sealana pre-sales exceed $4 million
As Mother Iggy traders prepare for a bull run, people are also rushing to buy into the Sealana (SEAL) presale before the official launch on June 25 at 6pm UTC.
Having raised over $4 million in its presale, Sealana aims to propel its charming seal mascot to the top of Solana’s memecoin charts.
Prominent crypto analyst and YouTuber Cilinix Crypto, who has over 63,000 subscribers, said he has bought meme coins such as Sealana this year.
With approximately 11 days left before the presale ends, potential investors should buy tokens as soon as possible to secure their tokens before the launch. The price of SEAL is $0.022.
Buy SEAL using ETH, USDT or a bank card on the official website. Related article: Kendu Inu Price Prediction: KENDU surges 10% to $200 million market cap, this new AI meme coin tops $5.3 million
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