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The Slothana price has surged 13% in the last 24 hours to trade at $0.01898 as of 7:15 a.m. EST on a 25% jump in trading volume to $9.8 million.
Rumors about SLOTH adding a tier-one centralized exchange (CEX) listing have fuelled excitement around the Slothana price.
The network’s token burning mechanism is also driving SLOTH enthusiasts to enter the market. According to this mechanism, the network burns $1 million worth of SLOTH every time the price of Slothana increases by one cent.
🔥🌲🦥 Slothana tokens are at risk of going up in smoke! As the $SLOTH price climbs, the forest fires rage quicker, turning $SLOTH tokens to ashes.
📈 $0.03 = $3m $SLOTH burnt 🔥
📈 $0.04 = $4m $SLOTH burnt total 🔥
📈 $0.05 = $5m $SLOTH burnt total 🔥
📈 $0.06 = $6m $SLOTH… pic.twitter.com/xdhd69JD55— Slothana (@SlothanaCoin) May 10, 2024
Slothana Price Bounces Back On A Strong Support Zone
Slothana’s price is set for more gains if it can convert the 50-day Simple Moving Average into a support level above the falling channel pattern. The bullish sentiment looks strong, with SLOTH maintaining stability at the $0.01381 support zone.
Despite the bears pushing the price down within the falling channel, the bulls have shown resilience by establishing a solid support zone, preventing further bearish profit-taking. This support has also enabled the bulls to start a rally that could potentially push the price back to the May 21 high of $0.05947.
SLOTHUSDT Analysis. Source: Tradingview.com
Slothana price is trading below the 50- and 200-day Simple Moving Averages (SMAs). If it can break above the 50 SMA, it could provide an extra layer of support, helping the bulls push the price higher and boost bullish momentum.
However, the Relative Strength Index (RSI) indicates that the bulls are uncertain about taking control as the RSI consolidates around the 50 midline level. The momentum indicator is also moving sideways. If the bulls ramp up their buying pressure, the Slothana price could rise to the 70 overbought zone.
Slothana Price Poised For A Bull Rally
Turning the $0.02307 resistance level into support would lay a solid groundwork for further gains. Traders looking to go long on SLOTH should wait for a candlestick close above $0.02307.
This move would help Slothana break through the resistance of the upper band of the falling channel at $0.02307. If the upward momentum continues, the SLOTH price could climb above key resistance levels up to $0.05976.
On the other hand, if the bears regain control, they could drive the price down, forcing the bulls to retreat to the $0.00964 support level.
Sealana Presale Raises Over $3 Million
The hype around SLOTH seems to be fading as traders swarm to buy Sealana (SEAL), a project that some analysts say could be the next big opportunity on Solana.
The chubby seal Sealana is fully immersed in the Solana Sea, spending endless hours in front of his computer and slowly growing bigger. He’s swapped his once sleek figure for a diet of chips and canned tuna that’s favoured by traders.
His relentless quest to uncover the next big Solana meme coin consumes him, leaving his living room in chaos as he tirelessly researches with his flippers.
Bout to drop a bunker buster on these durka durkas #freedom! 💥🇺🇸
Show some support for #Sealana by sending $SOL, and fuel the war on terrorism! 🪖🦭#TeamAmerica #TopGun #Presale pic.twitter.com/LlcXgMVzrq
— Sealana (@Sealana_Token) May 29, 2024
Can Sealana Outdo Slothana’s Success
Since its presale, Slothana has been surrounded by incredible excitement and the coin soared to a peak market cap of about $50 million.
#Sealana ain’t slowing down anytime soon! 🔥With his companions he’s out here finishing what @realDonaldTrump started! 🦭💪
Send $SOL to clean out the swamp 🏞️ and make #Memecoins great again. 🚀💰
Once the swamp's clear, it's Lambos 🚗, Massive Gains 📈and Freedom all the way!!!… pic.twitter.com/vFMEaRZWKW— Sealana (@Sealana_Token) May 27, 2024
SEAL has already raised over $3 million and the number is growing by the day. Youtuber Crypto Boy says that Sealana could be the next 100X opportunity once it launches.
Sealana’s presale follows Slothana’s ”send SOL” approach. That means there’s no timer, stages, or hard cap for completing the presale, and that means it could end at any time. So, if you’re interested, it’s best to make your purchase soon.
Buy SEAL tokens on the official website here for $0.022 each using SOL, BNB, ETH, or a bank card. Once the presale ends, investors will receive airdropped tokens directly into their wallets.
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