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The Slerf price slumped 13% in the last 24 hours to trade at $0.7520 as of 03:34 a.m. EST on trading volume that plunged 16% to $404 million.
This comes as the project continues to garner support from other firms and projects, the latest being the XT.com crypto exchange. Despite that, it was the biggest meme coin loser among major cryptos.
As promised, https://t.co/0dXPQliBQi has donated all the trading fees generated from $SLERF.
The ongoing donation reflects our dedication to the $SLERF and overall crypto community. Stay tuned as we announce more ways to support the @Slerfsol community and projects! pic.twitter.com/eWqw9sDUkV
— Albin Warin (CEO) XT (@albin_xt) March 26, 2024
Slerf Price Bulls Preparing For A Trend Reversal
The Slerf price rose dramatically after launch, soaring to as much as $1.30 on March 19, acting as its all-time high (ATH). However, the bulls have not been able to recover, as the bears drove the price further down to the support level at around $0.52.
The support zone acted as a cushion against downward pressure, which saw the bulls recover to the resistance zone at $0.86, before dropping again to $0.70. SLERF then rose back to $0.93, which formed a complete cup and handle pattern.
However, the bulls have not been able to sustain the bullish stance, which allowed the price to fall again to the $0.69 support level. The Slerf bulls are attempting to use this support to soar the price, supported by the cup and handle pattern.
SLERF is trading over the 200-day Simple Moving Average (SMA), which supports the bullish prospects of the price. If the bulls can add more pressure on the price, Slerf could overcome the 50-day SMA hurdle, soaring the price even higher.
Additionally, the Relative Strength Index (RSI) is rebounding from the oversold levels to 46, indicating that investors are in a buying frenzy. If momentum persists, RSI may breach 70, signaling strong buying pressure and sustained investor optimism.
Slerf Price Prediction – Bulls Target $1.2
The Slerf price analysis on the 1-hour timeframe shows that SLERF is preparing for a trend reversal. The bulls use the cup and handle pattern to drive the price up, with a target set at $1.2.
Moreover, the 50-day SMA crosses above the 200-day SMA, forming a golden cross at $0.7039, an indication that SLERF still has the potential to surge even higher.
Conversely, if the bears continue exerting pressure, the price may drop further down through a retrace. In such a scenario, the bulls would retreat to $0.6449, acting as a cushion against downward pressure.
As the SLERF bulls aim for a trend reversal to the upside, Slothana is proving to be a worthy alternative with investors already stumping up almost $1.4 million in early funding.
Slothana: A Promising Alternative To Slerf
SLOTH serves as the primary token driving the Slothana ecosystem, which has recently emerged within the vibrant landscape of Solana-based meme coins.
⏰ 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
Slothana is joining the meme coin trend on Solana, following in the footsteps of $SLERF, $BOME, $PUMP, and $PUNDU. These coins introduced a new way of launching on Solana, skipping traditional price stages and timers for presales where people send $SOL to a token address.
Buy $SLOTH – The Best Opportunity For 100X Gains
Slothana has garnered almost $1.4 million in just two days, which has led ClayBro, a crypto analyst and YouTuber, to say that the $SLOTH price could go 100X on launch.
With no price stage, timer, or hard cap upon its launch, you can simply send $SOL to a token address. Acquired coins will be airdropped to your wallet thereafter. You can also use the widget on the official homepage, enter how much $SOL you want to use to buy $SLOTH, click the ‘buy now’ button, select your wallet, and complete the purchase.
🚀 Exciting news, fellow lazy sloths! Our 'Lazy Sloth Buy Widget' is now LIVE on Slothana's site! 🌿🦥 No more excuses – even the laziest among us can now send SOL with ease. Say no to slovenly sloth and yes to crypto chad lambo time!💸 #Slothana #LazyCrypto #MemeCoin
— Slothana (@SlothanaCoin) March 27, 2024
Since there are no specified price stages or timers, it’s uncertain when the presale will end. This makes now the optimal 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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