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The Slop price soared 18% in the last 24 hours to trade at $0.02722 as of 4.45 a.m. EST on trading volume that reached $94.06 million.
The SLOP token is a brand new cryptocurrency that just went live on Solana’s blockchain, only to see a massive price surge immediately post-launch. Its value blew up from $0.00026 to $0.053 in less than 24 hours.
However, with the project hitting a major resistance, and the rest of the market entering a bearish period, its surge was cut short as many early buyers took profit. However, the token’s popularity continues to attract new investors, and their involvement is preventing SLOP from spiraling down.
Instead, the token bounced back up after finding a strong support at $0.0020.
Slop Price Prediction
The Slop price saw a strong performance post-launch, although it has already seen a strong dip after hitting an ATH. While many among the traders are still holding their distance while keeping a close eye on the project’s performance, many others have engaged with the new AI meme coin.
Right now, its price is still dropping, although this could turn in the near future. The project’s Bollinger bands have seen a narrowing compared to the past few hours, but they still remain fairly wide.
Meanwhile, its price, which previously reached the upper band only two hours prior to the time of writing, is now spiraling down. It reached the middle point between the two lines, and it kept heading down toward the lower band, which was seen several times in the last day. Typically, the token’s price drops to the lower band, only to see a sharp surge that takes it back to the upper one.
Now that it is nearly back to the lower one, that means a surge might be incoming over the next few hours.
The project’s Relative Strength Index (RSI) value has gone from the overbought zone to the neutral, where it saw small fluctuations for the majority of the time spent in circulation. However, in the last five hours, it has dropped close to the oversold zone more than once, suggesting that the market-wide bearish pressure is beginning to take its toll on the project.
Despite the fact that the token’s price has increased 18% in the last 24 hours, further drop is likely until the RSI finally enters the oversold area. When it reaches the value of 30, then the token’s price could see a recovery, as this is typically when the traders move in to buy the dip.
Of course, traders might hold their distance if the bearish pressure continues to push the prices further down. For now, SLOP remains a new crypto that has yet to stabilize, and the fact that the wider market is seeing a more turbulent period is further contributing to the project’s volatility. While there are opportunities for experienced day traders with SLOP right now, most traders should likely keep a close eye, but choose an alternative for the time being.
Promising Alternative To Slop
One of the most promising alternatives to SLOP right now is a new project called Memebet Casino (MEMEBET Token), which has already seen over 1,500 buyers pump more than $500k into its presale.
Memebet Token is a new cryptocurrency that is half a meme coin and half a GameFi token. The project emerged a few weeks back and it captured the attention of investors because it is the first platform to enable investors to use meme coins for wagering.
With thousands of games on offer, it comes in both a web version and on Telegram, granting the entire meme coin sector a massive new utility.
Popular YouTuber ClayBro, who has over 130k subscribers, said it could be the next 100x crypto.
Right now, its tokens sell for $0.026 apiece, and can be bought with USDT, ETH, BNB, MATIC, or credit/debit cards.
If you buy the token in the next about 19 hours, you can still get it before its price increases.
Visit the official MEMEBET Token website here.
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