Wormhole Price Prediction: W-coin plummets 40% in a week, traders put more than $10 million of SOL into the new Solana meme coin Slothana

Join our Telegram channel to get timely news reports
Wormhole’s price has dropped by 8% in the past 24 hours and 40% in the past week, trading at $0.99, with a trading volume of 50% at $256 million as of 01:32 AM ET.
Wormhole is rapidly evolving into a ZK-enabled network that supports trustless data and value transfer. The project is achieving this through a partnership with AMD, which provides the necessary resources to increase processing speeds and reduce transaction costs.
Wormhole’s platform is rapidly evolving into a ZK-enabled network supporting trustless data and value transfer.
AMD provides enterprise-class hardware and expertise to increase processing speeds and reduce transaction costs.
Wormhole’s price hit an all-time high of $1.66 when it first went public. However, the bear market seems to have taken control of the price, with Wormhole falling by $40% since then.
For the past three days, W has been trading between $1.1 and $0.91, indicating some indecision about the next move. However, the bulls seem to be steadily pushing the price higher. A breakout from the consolidation phase could signal the start of a new trend.
W is trading below the 50-day and 200-day simple moving averages (SMAs), coinciding with a price decline.
Moreover, the Relative Strength Index (RSI) rebounded from the oversold levels and broke above the 50 midline level to reach 51, indicating strong buying pressure. If the bulls break out of the consolidation phase, the RSI could reach 70, indicating increasing optimism among investors.
The Moving Average Convergence/Divergence indicator (MACD) also showed signs of a bullish run, with the moving average (blue line) crossing the signal line (orange line), indicating a bullish crossover. A bullish crossover could encourage investors to buy, pushing prices higher.
Wormhole Price Prediction
Wormhole price analysis shows that there is a certain level of indecision in the market, but bulls are struggling to push the price above the consolidation channel with a target set at $1.6 and a new all-time high.
The MACD and RSI provide a bullish outlook for optimistic investors who will try to push prices higher.
However, if the bears continue to apply more pressure, the W bulls might retrace to $0.85 as a significant support area to push the price higher further.
At the same time, many investors sent SOL to Slothana, the project currently making a splash in the crypto community.
Slothana Secures Over $10 Million in Funding – Best Buy?
Slothana (SLOTH), a sloth-themed crypto project, has quickly become a leader among Solana’s meme-based tokens, including BOME and SLERF, raising over $10 million in presale funds.
On the seventh day, Slothana said, "Let the mermaids come!" Behold, the crypto world rejoices as the laziest of gods has blessed our mermaid magic. To my fellow compatriots in the crypto-lazy gospel, may your baskets be filled with mermaids, and Happy Easter!
#slothana
— Slothana (@SlothanaCoin)
March 31, 2024
99Bitcoins, a crypto channel on YouTube with more than 700,000 followers, believes Slothana could surge 100 times after listing.
Slothana follows in the footsteps of Solana memes, including $SLERF, $BOME, $PUMP, and $PUNDU, which introduced a new way to launch on the Solana network. This launch method mainly abandons the usual way, with no price stages, timers, or even hard caps.
For interested investors, they only need to send SOL to a token address, and then the team will airdrop the tokens into their wallets.
Slothana! A quick update from your favorite crypto expert: I hear some of you are getting impatient for the Slothana token! Don’t worry, my fellow Slothana supporters! The token distribution will happen once our pre-sale Slothana ends.
— Slothana (@SlothanaCoin)
March 28, 2024
You can also use the widget on the official website, specify the amount of $SOL you wish to exchange, click the "Buy Now" button, select your wallet, and complete the transaction.
Buy $SLOTH now and get ready for massive growth
In a recent vote, the community voted in favor of Slothana launching on both decentralized and centralized exchanges (DEX and CEX), highlighting the project’s goal to maximize exposure and accessibility.
Attention, lazybones! It’s voting time. Should we launch only on DEX, embracing the true spirit of decentralization and lazy trading? Or should we go all-in and dabble on both CEX and DEX, like the most efficient lazybones we can be? Vote below
#slothana
#memecoin
— Slothana (@SlothanaCoin)
March 29, 2024
With no price phases, timers or hard caps, now is the best time to buy before the tokens sell out.
To participate, you can buy or send your $SOL here. For every 1 SOL sent to this address, you will receive 10,000 $SLOTH.
Related News
Best Altcoins to Invest In: Top Picks Revealed for Maximum Returns!
Best coin investment: the first choice for designated exponential growth!
Smog Price Prediction – Future Potential of $SMOG Coin
Smog (SMOG) – A SMOG coin with rewards
Rating

Airdrop season begins
Earn XP to qualify for a share of $1 million
Featured on Cointelegraph
Staking Rewards – 42% APY
OTC Discounts – smogtoken.com

Visit website
Join our Telegram channel for timely news coverage