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The Slothana price soared 51% in the last 24 hours to trade at $0.05153 as of 03:04 a.m. EST on trading volume that rose 79% to $37 million.
This comes even as as some investors take profits, the latest being a whale who sold 1500 SOL after buying in the presale, making a gain of 250%.
Crypto analyst Jacob Bury says Slothana could be one of the biggest meme coins to explode in the bull market.
Slothana Price Set To Soar Over The Bullish Pennant
Just after its launch, the Slothana price went through a price correction as a result of the SLOTH token distribution to its early buyers, as data from GeckoTerminal shows.
Sloth has been trading within a consolidation level of around $0.010. Then bulls took over, pushing its price to an all-time high (ATH) of $0.05690.
The $0.05690 resistance has kept the price in a bullish pennant, with bulls aiming to break above it.
SLOTH is also trading above both the 50-day and 200-day SMA, showing upward potential.
Additionally, the RSI is rebounding towards overbought territory, currently at 59, suggesting intense buying that might push the price above the pennant.
The Average Directional Index (ADX) is currently above level 25, currently at 40, which shows that SLOTH is currently on a very strong bullish trend.
Slothana Price Prediction
The Slothana price analysis indicates that SLOTH currently has strong bullish momentum. SLOTH aims to push the price above the pennant, as the bulls aim for $0.070.
Major indicators, including the RSI and the ADX, signal bullish sentiments. This could encourage optimistic investors to propel the price even higher.
If bears dominate, SLOTH may fall to $0.0405 support, aligned with the 50-day SMA, easing downward pressure.
Meanwhile, some investors are redirecting their focus towards Sealana, a crypto project currently in its presale phase that is emerging as one of the most talked-about new meme coins on Solana.
This is a key reason why Crypto Boy, a crypto analyst on YouTube with almost 40k subscribers, suggests that $SEAL has the potential to explode 100x after its launch.
Sealana: A Promising Alternative To Slothana
Sealana (SEAL) is a new contender in the Solana meme coin market, a token that distinguishes itself through a lighthearted narrative centered on a Seal trader.
The token’s character is based on a charming, chubby seal character who has dived deep into the “Solana Sea.” The character, once sleek and agile, went on to adopt a sedentary trader’s lifestyle.
The novel concept has fueled the project’s traction in the meme coin space. Currently, it has already garnered $777K and is racing towards $1 million in less than two weeks since its launch.
New Meme Crypto ‘Sealana’ Attracts Whales As Solana Price Recovers.
#SolanaMemecoin pic.twitter.com/zqP73U7Mk3— TechStory (@TechStoryin) May 5, 2024
Similar to the Slothana presale, Sealana is a ‘Send SOL’ presale without timers, stages, hard caps, or even a white paper. This means that the ICO could end at any time, which makes now the best time to buy.
To participate in the presale, you can visit the official website to buy SEAL tokens here. One $SEAL costs $0.022.
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