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The Mother Iggy price has plunged 7% in the last 24 hours to trade at $0.13595 as of 3:30 a.m. EST on a 45% drop in trading volume to $41 million.
Mother Iggy Price Signals A Rebound Within The Bullish Pennant
The MOTHER price has fallen below the 50 and 21 simple moving averages, indicating intensive selling pressure. Moreover, the moving average cross formation supports the current bearish trend, forcing the bulls to retreat to the lower trendline of the bullish pennant formed.
The pennant may provide a platform for the bulls to regain control of the price and push the market to a new all-time high for MOTHER’s price.
MOTHERUSD Analysis(Source: Dextools.io)
Mother Iggy has declined, dropping from $0.2022 at the upper trendline of the bullish pennant down to a support level of $0.1307. However, there are signs of a potential rebound as the bulls have started to push the price upwards. If this momentum continues, it could drive the price above the SMAs and lift it past the pennant.
Despite the downward trend, the Relative Strength Index (RSI) is rebounding at 40, just below the midline of 50. This suggests the RSI could rally back up to the 70 overbought level.
Additionally, the Moving Average Convergence Divergence (MACD) indicator has crossed below the neutral level, reinforcing the bearish sentiment. The blue average line crossing the signal line downward and the histogram turning red further boost the bears’ confidence.
MOTHER Price Bulls May Regain Momentum
The bullish pennant pattern could boost the bullish momentum and push the price towards an all-time high of $0.2498. Furthermore, if the price momentum surpasses the 50 SMA, it could help the bulls push the price above the pennant as they aim for a new all-time high at $0.3455.
However, if the bears continue the correction, they could send the price to the $0.1296 support level below the lower boundary of the bullish pennant. Continued downward pressure may cause a further drop to $0.0717.
Sealana Presale Hurtles Past $4 Million
As Mother Iggy traders gear up for a bull rally, there’s also a rush to buy the Sealana (SEAL) presale before its official launch on June 25 at 6 p.m. UTC.
With over $4 million raised in its presale, Sealana aims to propel its charming seal mascot to the top of Solana’s meme coin ranking.
#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
Sealana is a chubby seal who spends all day at his computer, gaining weight as he snacks on chips and canned tuna. Obsessed with finding the next big Solana meme coin, he’s always busy, with his flippers typing away and his living room a mess.
Embracing an American patriotism theme, Sealana is attracting attention from the Solana community and right-leaning investors who support former US president Donald Trump.
Seems like @thenotoriousMMA didn’t like #Sealana asking why he was drinking whiskey at the #Roadhouse rather than fighting in the octagon…🥊 If only he knew before raising his fists that Sealana was a 300lbs ex army $SEAL…🪖🦭
It's not going to be a fair fight but no one will… pic.twitter.com/L1TqztPiAX
— Sealana (@Sealana_Token) June 10, 2024
Prominent crypto analyst and YouTuber Cilinix Crypto, with over 63k subscribers, says that Sealana is among the meme coins he has bought this year.
With about 11 days left before the presale ends, prospective investors should waste no time securing their tokens before the launch. $SEAL is available for $0.022.
Buy SEAL on the official website here using ETH, USDT or a bank card.
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