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The Hunter Boden price plunged more than 51% in the last 24 hours to trade at $0.0004681 as of 7:35 a.m. EST as investors dump their holdings in the Solana meme coin.
Out of all the political meme coins currently in the market, the HUNTBODEN price drop was the biggest recorded in the past day of trading. This was after Hunter Biden, son of current US President Joe Biden, was found guilty on three charges in a federal gun case.
The Hunter Boden Price Resting On A Crucial Support
4-hour chart for HUNTBODEN/USD (Source: GeckoTerminal)
The Hunter Boden price is currently testing the crucial support level at $0.0004271. If the meme coin falls below this mark, it might be at risk of continuing its drop in the upcoming 24 hours.
Conversely, HUNTBODEN maintaining a position above this critical point could lead to a bullish reversal. Traders might subsequently identify the crypto’s current levels as a buy opportunity, which could lead to the meme coin’s price climbing to the $0.0013948 barrier.
Continued buy pressure should the Hunter Boden price reach this threshold could see the crypto flip the $0.0013948 resistance into support. This will also give the crypto a strong technical foundation to potentially rise from in the short term. HUNTBODEN might rise to as high as $0.0022704 as a result.
Technicals Suggest The Hunter Boden Price Might Keep Dropping
Technical indicators on HUNTBODEN’s 4-hour chart warn that the meme coin’s drop is not over yet. More specifically, the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators are flagging bearish.
In the last 12 hours, the MACD line crossed below the MACD Signal line. Traders usually see this as a sign that a crypto has entered a short-term negative phase. The RSI is below 50 as well, which could indicate that bears currently have the upper hand against bulls on the meme coin’s chart.
If these technical flags are validated, the Hunter Boden price might lose the $0.0004271 safety net. HUNTBODEN could then continue to dive.
While many political tokens such as HUNTBODEN take a knock, investors are rushing to buy new Solana meme coin Sealana (SEAL) before it lists on exchanges.
Staying True To The Meme Coin Culture
Sealana is the latest token to enter the flourishing Solana meme coin ecosystem, which has raked in millions of dollars from investors over the past few weeks. In a sector of the crypto space that is ruled by dog-themed cryptos, SEAL introduces something different into the market with its Seal mascot.
What’s more, the token appeals to meme coin purists and does not have an elaborate roadmap or a detailed whitepaper. Instead, the project’s team is aiming to capitalize on the hype surrounding Solana tokens and meme coins.
This approach has paid off so far, with SEAL recently surpassing the $4 million milestone with its ICO. As such, the crypto is perfectly positioned to become the next meme coin to explode.
Analysts are also bullish on SEAL. Renowned crypto influencer and Youtuber Jacob Bury mentioned Sealana in a video titled “Best Five Crypto Presales That Could 10X Your Money.”
Investors FOMO Into SEAL Before Its ICO Ends
After reaching the $4 million milestone, SEAL’s ICO continues to pull buyers in. Interest in the new meme coin also went into overdrive after the project’s team announced the official end date for the presale.
#Sealana has got some big news for y'all today! 🦭🍻 After a long night of drinking, doin' American $SEAL things 🇺🇸 and blacking out! 😵 He woke up with some real mental clarity and made the call that the #Presale's gonna end on June 25th at 6 pm UTC! ⏰
You know what that… pic.twitter.com/va7W8abVjb
— Sealana (@Sealana_Token) June 6, 2024
With less than 2 weeks left, there is still time for investors to purchase SEAL at ICO prices. Selling for $0.022, the meme coin can be bought using either SOL, ETH, USDT or a bank card.
Recently, the token was also deployed on the BNB Chain, which means investors can also use BNB to acquire SEAL.
Following the conclusion of the presale, SEAL tokens will be airdropped directly to investors’ wallets. This eliminates the need for manual claims and gas fees. Investors can therefore focus all of their attention on preparing for the token’s listings.
Purchase SEAL before its presale ends here.
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