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Slerf Price Prediction: SLERF Plunges 10% As Investors Turn To This Sloth-Themed Solana Rival For 10x Gains

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Slerf price
Slerf price

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The Slerf price plunged 10% in the last 24 hours to trade at $0.38 as of 11:40 p.m. EST on trading volume that dropped 23% to $125 million.

This drop occurs despite the SLERF project announcing a partnership with OKX to launch the already-planned Slerf non-fungible tokens (NFTs).

Slerf Price Gearing Up For A Bullish Rally

Slerf Price Chart Analysis Source: Geckoterminal.com
SLERFUSD Chart Analysis Source: Geckoterminal.com

The Slerf price, after launch, dropped to the $0.50 support level before hitting the $0.94 resistance. However, SLERF has been on a downtrend since then, dropping within a falling wedge pattern to support around $0.22.

The SLERF bulls have used the $0.22 support to push the price from below the lower boundary of the wedge towards the upper boundary as they strive to push the price even higher.

SLERF is also trading well above the 50-day Simple Moving Average (SMA), a confirmation of the bullish potential for further price movement.

Additionally, the reading from the Relative Strength Index (RSI) indicates that the price is in equilibrium, with the RSI trading within the 50-midline level at 51 as it aims for a breakout above.

The Average Directional Index (ADX) is also in equilibrium, showing that SLERF is on a slightly strong trend as it trades at 18. A sustained bullish stance could lead to a trend reversal, pushing the ADX to showcase a very strong bullish trend.

Slerf Price Prediction

The Slerf price analysis indicates that SLERF is gearing up for a breakout above the falling wedge pattern, as they target $0.76, indicating a 100% increase. Moreover, the ADX and the RSI indicate that SLERF is currently in equilibrium with the potential for a breakout.

However, if the bears continue exerting more pressure, the price could further go down to the support zone around $0.22, acting as a cushion against downward pressure.

Meanwhile, as the SLERF price bulls prepare for upward potential, investors are also buying Slothana, a sloth-themed token alternative to Slerf that’s extended a last chance to buy after blasting through $10 million in its presale in less than two weeks.

Slothana Presale Ends Soon – Last Chance To Buy Before Exchange Listings

Slothana (SLOTH) is a new meme coin that has been gaining popularity and is now one of the largest ongoing presales on the Solana blockchain.

The project is gearing up to announce an official launch date with less than 10 days of its presale left.

Slothana is set to follow in the footsteps of meme coins like $SLERF, $PUMP, $PUNDU, and $BOME, projects that introduced a new way of launching on Solana. This new type of launch method does not require any price stages, timers, or hard caps.

Investors choose between two buying options. They can either send SOL to the project’s wallet address or visit the Slothana website, connect their wallet, and make a direct purchase. Token distribution will happen at the end of the presale.

Cryptonews, a prominent crypto channel on YouTube, believes that Slothana has the potential to soar 10X after launch.

To participate in the presale, buy $SLOTH on the official website here. For every 1 SOL sent to the address, you will receive 10,000 $SLOTH.

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