Slerf price has dropped 13% in the past 24 hours, trading at $0.7520, and trading volume has dropped 16% to $404 million. Despite this, the project is gaining support from other companies and projects, with the latest backer being the XT.com crypto exchange. However, it is the biggest memecoin loser among the major cryptocurrencies.
As promised, https://t.co/0dXPQliBQi has donated all transaction fees generated from $SLERF. This ongoing donation reflects our dedication to $SLERF and the cryptocurrency community at large. Stay tuned as we announce more ways to support the @Slerfsol community and project!
Slerf price bulls prepare for a trend reversal. Slerf price rose sharply after its launch, reaching a high of $1.30 on March 19. However, due to pressure from the bears, the price fell further to the support level of about $0.52. The support area acted as a buffer to the downward pressure, allowing the bulls to recover to the resistance area of $0.86 before falling again to $0.70. SLERF then rose to $0.93, forming a complete cup-with-handle pattern. However, the bull run could not continue and the price fell again to the support level of $0.69. Slerf bulls are trying to use this support level to push the price higher, supporting the cup-with-handle pattern.
SLERF is trading above the 200-day simple moving average (SMA), which supports the bullish outlook for the price. If the bulls are able to exert more pressure on the price, SLERF could break above the resistance of the 50-day SMA and push the price higher further. Moreover, the relative strength index (RSI) has recovered from oversold levels to 46, indicating that investors are buying frantically. If the momentum continues, the RSI could cross 70, indicating strong buying pressure and sustained investor optimism.
Slerf Price Prediction – Bulls Target $1.2. Slerf price analysis on the 1-hour timeframe shows that SLERF is preparing for a trend reversal. Bulls are using the cup-with-handle pattern to push prices higher with a target set at $1.2. Furthermore, the 50-day SMA has crossed above the 200-day SMA, forming a golden cross, suggesting that SLERF still has the potential to rise further. Conversely, if the bears continue to apply pressure, the price could fall further, through the support at $0.6449 via a pullback. In this case, bulls would retreat to $0.6449, acting as a buffer to the downward pressure. As Slerf bulls seek to reverse upwards, Slothana is proving itself as a worthy alternative, with investors having provided it with nearly $1.4 million in early funding.
Slothana is the main token that drives the Slothana ecosystem and has recently emerged in Solana's meme-based cryptocurrency landscape. Slothana is joining the memecoin trend on Solana, following $SLERF, $BOME, $PUMP, and $PUNDU. These coins took a new approach to launching on Solana, skipping the traditional price stages and presale timers, with people sending $SOL to a token address.
Slothana has already garnered nearly $1.4 million in funding in just two days, leading crypto analyst and YouTuber ClayBro to say that $SLOTH has the potential to grow 100x when it launches. It is uncertain when the presale will end, as there are no specified price stages or timers. Therefore, now is the best time to buy the tokens before they sell out. To participate in the presale, you can buy or send your $SOL here. For every 1 SOL sent to the address, you will receive 10,000 $SLOTH.
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