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The Plerf price has increased by 1,37% in the past 24 hours to $0.0055, and the trading volume has surged by 21,066% to $4.19 million.
Plerf aims to replicate the success of its predecessor, SLERF, which surged to over $300 million in market value after experiencing a parabolic pump.
Plerf prices will continue to rise
PLERFUSD chart analysis Source: Dexscreener.com
Plerf price rose steadily towards the end of March, trading in a range of $0.0022 as bulls and bears battled for dominance. PLERF seemed to be winning the day over the past day, rising through a marking phase to the $0.0060 resistance level.
However, the bulls could not sustain their long stance and the price corrected back to the $0.0030 support which served as a base to push the price higher.
PLERF price was able to retest the $0.0060 resistance level and then again declined towards the $0.0040 support level, forming a cup-handle pattern.
PLERF bulls used solid support at $0.0040 to push the price further higher, forming a pattern that looks like a bullish pennant.
Moreover, PLERF is trading above the 50-day and 200-day Simple Moving Averages (SMAs), confirming the bullish move. The formation of a golden cross at $0.0020 further supports these views.
The relative strength index (RSI) is trading within the overbought levels of 80, suggesting that traders are currently in a buying frenzy that may push prices further higher.
Furthermore, the Moving Average Convergence Divergence (MACD) also supports the overall bullish stance of prices, with the blue moving average crossing over the orange signal line, indicating a bullish crossover.
Investors often view a bullish crossover as a signal to continue buying, potentially driving prices higher.
Plerf Price Prediction
Plerf price analysis shows continued bullish momentum, with bulls seeking to overcome resistance around $0.0060 to push price to new highs above $0.0070.
The RSI and MACD provide a bullish outlook for optimistic investors, further supporting the potential for a price surge.
However, the asset is already overbought with the RSI crossing 80, which could mean a price correction as bears take profits from the sudden upswing. If this happens, bulls may find support at the $0.0027 support level, which coincides with the 200-day SMA.
Meanwhile, as PLERF’s price surges, investors are flocking to buy another Solana memecoin, Slothana, which has surpassed $7 million in presale in just over a week.
Slothana: Best Solana Memecoin Alternative
Slothana (SLOTH)
Positioned as the next viral meme token after $SLERF, $BOME, $PUMP and $PUNDU, as it has done.
⏰Tired of 9-5? So is Slothana! Our lazy office sloth is ready to give up the daily grind and embrace the world of crypto trading. No more weed addiction, only profit! Send SOL to help our sloth go from 420 couch surfer to 420 billion dollar crypto top guy!
#slothana
#memecoin
– Slothana (@SlothanaCoin)
March 25, 2024
The project uses a new issuance method on Solana, abandoning the need for price stages, timers, and hard caps. Instead, the project requires people to send SOL to the token address. When you buy $SLOTH, the token will be airdropped to your wallet later.
Wow! It’s amazing how Sloth’s jaw dropped at the flood of SOL from our Sloth supporters! What a bunch of Sloth legends! Let’s take Slothana to the moon! Also remember, only send from your on-chain wallet - Sloth cannot airdrop to exchanges! ♂️
#Slothana
#MemeCoin
#LazyLegends
– Slothana (@SlothanaCoin)
March 28, 2024
There is also a widget on the Slothana website that can accept SOL exchanges by connecting your Phantom or other self-custodial wallet.
Slothana Secures Over $7 Million, Offers Opportunity for 100x Gains
Traders on the platform continued to send SOL to the project, with the presale raising over $7 million in funds.
The show goes on! This is my home. They're going to need a fucking demolition ball to get me out of here!
#slothana
#memecoin
pic.twitter.com/8Qoiz2jw1W
– Slothana (@SlothanaCoin)
March 30, 2024
99Bitcoin, a crypto channel on YouTube, believes that $SLOTH could potentially gain 100 times its value after listing.
Since there are no price stages or timers, the presale may end at the last possible moment. Therefore, now is the best time to buy before the tokens are sold out.
To participate you can buy or send your $SOL here.
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