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Serenity Shield Price Prediction: SERSH Pumps 15%, But All Eyes Are On Sponge V2 As It Looks To Repeat Its 100X Success After Polygon Migration

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Serenity Shield price
Serenity Shield price

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The Serenity Shield price soared 15% in the last 24 hours to trade for $0.9150 as of 3:50 a.m. EST time, with trading volume rising 25%.

With this surge, SERSH has secured a place on CoinMarketCap’s most-viewed list, with millions of members joining the ecosystem.

The surge saw the Serenity Shield price shatter the upper boundary of the ascending parallel channel. It also broke above the upper band of the Bollinger indicator at $0.8510. In most instances, this signals an imminent pullback.

The outlook of the Relative Strength Index (RSI), whose position at 72 shows that SERSH is already overbought. This reinforces the pullback supposition.

For now, however, SERSH is not ripe for selling, as seen with the northbound trajectory of the RSI. With momentum still rising, the Serenity Shield price could extend the gains, potentially reaching the $1.0000 psychological level.

In a highly bullish case, the gains could see the Serenity Shield price extend a neck high to reach the $1.2000 level or higher to retake the $1.3520 range high. A move to this level, last tested on December 18, would constitute a climb of around 50% from current levels.

SERSH

TradingView SERSH/USDT 1-day chart

Converse Case

On the flip side, if traders cash in on the nearly 95% ground covered since the February 10 low of $0.4765, the Serenity Shield price could retrace. A takeover by the bears could see the SERSH price fall back into the confines of the descending parallel channel.

Lower, the Serenity Shield price could retest the 50-day Simple Moving Average (SMA) at $0.6683, or extend a leg down to the centerline of the Bollinger band at $0.6202. If these buyer congestion levels fail to hold as support, the Serenity Shield price could slip to tag the midline of the descending parallel channel, or in a dire case, drop to the lower band of the Bollinger indicator at $0.3892.

While the Serenity Shield price fights to defend the intermediate trend, all eyes are on Sponge V2 as it looks to repeat its 100X success after migrating to Polygon earlier this month.

Promising Alternative To Serenity Shield

Sponge V2, a top meme coin pick for exponential gains, announced the discontinuation of its predecessor, Sponge V1, on Feb. 1. With this, the project migrated to the Polygon chain after a malicious attack on its liquidity pool.

The project is making a strong comeback in 2024, thanks to the exciting launch of its sequel, bringing forth a new and special staking model, a Play-to-Earn (P2E) game, and a big marketing budget.

Experts say Sponge V2 is poised to repeat the success of its predecessor, $SPONGE, which recorded 100x gains after its launch last year.

With plans already underway to have the Sponge V2 meme coin listed across multiple exchanges, token holders are enjoying annual percentage yields (APY) as high as 193%, with upwards of 8.356 billion tokens already staked. That is a key reason why analysts rank it among the top five cryptos to invest in now.

To increase community engagement, Sponge V2 has also introduced a new P2E racer game where players can compete against each other for a chance to win SPONGE V2 tokens as rewards.

Meme coins with a great staking program are in high demand. Buy and stake $SPONGE today and it could set up your crypto portfolio for spectacular returns.

To buy SPONGE V2, visit the official website here.

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