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The Plerf price jumped 137% in the last 24 hours to trade at $0.0055 as of 03:19 a.m. EST on trading volume that surged 21,066% to $4.19 million.
Plerf aims to replicate the success seen by its predecessor, SLERF, which soared past $300 million in market capitalization after a parabolic pump.
Plerf Price To Continue Its Surge
The Plerf price was on a steady rise at the end of March, trading within the $0.0022 range, as the bears and the bulls struggled for dominance. The PLERF seems to have won the struggle in the past day, rising through a markup phase to the $0.0060 resistance level.
However, the bulls could not sustain the bullish stance, as the price retraced back to the support at $0.0030, which is acting as a foundation to propel the price further up.
The PLERF price was able to retest its resistance level at $0.0060 before going down again to the support level at $0.0040, forming a cup and handle pattern.
PLERF bulls are capitalizing on the solid support at $0.0040 to push the price further up, forming what looks like a bullish pennant.
Additionally, PLERF trades above both the 50-day and 200-day Simple Moving Averages (SMAs), which is a confirmation of the bullish rally to the upside. The formation of a golden cross at $0.0020 further supports these sentiments.
The Relative Strength Index (RSI) trades within the overbought levels at 80, indicating that traders are currently in a buying frenzy, which could push the price even further.
Moreover, the Moving Average Divergence Convergence (MACD) also supports the generally bullish outlook of the price, with the blue moving average line crossing above the orange signal line, representing a bullish crossover.
Investors often use a bullish crossover as a signal to buy more, likely driving the price even higher.
Plerf Price Prediction
The Plerf price analysis shows sustained bullish momentum as the bulls aim to overcome the resistance around $0.0060, soaring the price to new highs above $0.0070.
The RSI and MACD offer bullish prospects for optimistic investors, further supporting the potential for the price to soar.
However, the asset is already overbought, evident with the RSI crossing over to 80, which may suggest a price correction, as a result of the bears taking profits from the sudden surge. If this happens, the bulls may find support at $0.0027, which coincides with the 200-day SMA.
Meanwhile, as the PLERF price soars, investors are flocking to buy another Solana meme coin sensation, Slothana, that’s just blasted past $7 million in presale in a little over a week.
Slothana: The Best Solana Meme Coin Alternative
Slothana (SLOTH) is positioned as the next big viral meme token to follow in the footsteps of other Solana meme coins like $SLERF, $BOME, $PUMP, and $PUNDU, and it is doing precisely that.
⏰ Tired of the 9-5? So is Slothana!🦥Our office sloth is ready to ditch the daily grind and embrace the world of crypto trading. No more getting high on herb, just high on profits! Send SOL to help our sloth go from 420 couch surfer to $420m crypto chad! #slothana #memecoin
— Slothana (@SlothanaCoin) March 25, 2024
The tokens brought a new way of launching on Solana that ditches price stages, timers and the need for a hard cap. Instead, the project requires people to send $SOL to a token address. When you purchase $SLOTH, the tokens will later be airdropped to your wallet.
🌿🦥 Wow! Sloth's jaw is dropping at the SOL flooding in from our slovenly supporters! 😱 What a bunch of lazy legends! Let's take Slothana to the moon! 🚀 And remember, only send from your onchain wallets – Sloth can't airdrop to exchanges!💸🙅♂️ #Slothana #MemeCoin #LazyLegends
— Slothana (@SlothanaCoin) March 28, 2024
There is also a widget on the Slothana website that accepts SOL swaps by connecting your Phantom or other self-custody wallet.
Slothana Garners Over $7 Million, An Opportunity For 100X Gains
Traders in the platform continue to send $SOL to the project, with the presale amassing over $7 million in funds raised.
The show goes on! This is my home. They’re gonna need a fuckin’ wreckin’ ball to take me out of here! #slothana #memecoin pic.twitter.com/8Qoiz2jw1W
— Slothana (@SlothanaCoin) March 30, 2024
99Bitcoin, a crypto channel on YouTube, believes that $SLOTH may lock in 100X gains after launch.
With no price stages or timers, the presale may end at end time. So, that makes now the best time to buy before the tokens are sold out.
To participate, you can buy or send your $SOL here. For every 1 SOL sent to the address, you will receive 10,000 $SLOTH.
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