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The Slerf price exploded 47% in the past 24 hours to trade for $0.4116 as of 06:47 a.m. EST on trading volume that surged 21%.
It comes as markets recover after the weekend crypto crash, taking their cue from the Bitcoin (BTC) price.
The market remains highly volatile, with the Bitcoin price struggling to breach the $67,000 threshold. Despite this market volatility, coins such as SLERF, MEW, TON, and PENDLE are in the top gainers list.
🔥Overview of Top Potential Coins
📈Amidst market volatility, #Altcoins like $MEW, $SLERF, $TON, and $PENDLE have rapidly rebounded after the market dip.
👀 Which ones did you buy the dip?
Trade now: https://t.co/fPWoHaRdFY pic.twitter.com/steYias4Qm— Gate.io (@gate_io) April 15, 2024
DEX screener has also identified Slerf among the top meme coins on volume metrics.
Top 10 Solana memecoins according to volume on DEX screener :
Dogwifhat – $WIF
Slerf – $SLERF
Jeo Boden – $boden
Pups – $pups
Cat in a dogs world – $MEW
Book of meme – $BOME
We are retards – $WAR
Dogwifhat – $WIF
Norman – $Norm
Einstein peace and love – #EINSTEIN
Peace coin -… pic.twitter.com/ZzprCpzfSl— Solana Post (@SolanaNewsPost) April 14, 2024
Slerf Price Outlook As Cryptocurrency Markets Show Strength
The Slerf price is attempting a recovery, confronting resistance due to the upper boundary of the descending parallel channel. This level is significant as it coincides with the 23.6% Fibonacci retracement level of $0.4459.
If the bulls can haul the Slerf price above this roadblock, it would draw more buyers by quelling the current skepticism in the market. The ensuing buyer momentum could project the Slerf price to overcome the 38.2% Fibonacci retracement level of $0.5863. To confirm the continuation of the uptrend, however, the Slerf price must record a candlestick close above the 50% Fibonacci placeholder at $0.6999.
In a highly bullish case, the gains could see the Slerf price extrapolate the gains to flip the most important Fibonacci retracement level of $0.8134. A candlestick close above this level on the daily timeframe would solidify the uptrend, sending the Slerf price to the $1.6000 range high.
TradingView: SLERF/USDT 1-day chart
On the other hand, considering the Relative Strength Index (RSI) is in subdued below the 50 mean level, buying pressure is still not enough to drive the uptrend. This stance is enhanced by the position of the Moving Average Convergence Divergence (MACD), stuck in negative territory.
As such, unless the broader market shows strength, the Slerf price risks a pullback to the bottom of the market range at $0.2189. A drop below this level would provide a lower low, invalidating the bullish thesis.
Meanwhile, investors looking for Slerf successors might want to consider SLOTH, whose presale has been extended by 14 days to give investors a last chance to buy after it raised a blowout $10 million in less than two weeks.
Promising Alternative To Slerf
SLOTH is the powering cryptocurrency for the Slothana ecosystem, a new project on the Solana blockchain in which the 420-friendly SLOTH aims to go to a market cap of $420 million.
It’s a new ”send SOL” type presale without timer, stages, or a hard cap, highlighting the current era’s preference for projects that are almost entirely driven by community support and hype.
This is unlike the initial wave of meme coins, which occasionally attempted to offer some utility or differentiate themselves through novelty features.
Although purchases are frequently made by sending SOL to a specific address, there is also a handy widget on the Slothana website here that accepts SOL swaps by connecting your Phantom or other self-custody wallet.
After buying the tokens, they will be airdropped after the presale ends.
🚀 Exciting news for our lazy sloth community! Our airdrop is being prepped for launch, which means the presale is wrapping up soon. ⏳ With Solana congestion expected to end in the coming days, now's the time to join the holy Slothana army!🌿💸 #SlothanaAirdrop #PresaleEnding
— Slothana (@SlothanaCoin) April 12, 2024
To be eligible for the airdrop, investors are expected to send $SLOTH tokens from a personal wallet, not a centralized exchange like Binance or Coinbase.
With over 18.7K followers on the project’s X account, anticipation is rising for upcoming exchange listings.
🚀 Hold onto your branches, Slothana faithful! 🌿 We're gearing up to drop some major news: the official launch date is on the horizon! ⏰ Get ready to mark your calendars and set your alarms, because a countdown timer will soon grace our site. Let the hype for the Slothana…
— Slothana (@SlothanaCoin) April 14, 2024
SLOTH Tries To Outperform Sector Peers
Experts are optimistic about Slothana. Renowned YouTuber Crypto Gains believes Slothana could potentially yield up to 100x returns, while crypto analyst Jacob Bury shares the same view.
There is also speculation that Slothana is the brainchild of the same team that developed the Smog meme coin, which pumped over 75X and gave early investors huge returns.
If history repeats, or rhymes, Slothana could follow in the footsteps of Smog and other Solana-based meme coin success stories like Dogwifhat (WIF) and Bonk (BONK).
Visit and buy Slothana here. One SOL buys 10,000 $SLOTH, which means each token has an approximate price of $0.015394 at the time of writing
Also Read:
- How to Buy Slothana – SLOTH Review
- Slothana Crypto ICO Trends On Twitter, Next Solana Meme Coin To Go Viral After $SLERF And $BOME?
- Slerf Price Prediction: SLERF Is Top Loser With 13% Slump As Traders Send $1M in Solana To New Meme Coin Slothana
- Slothana Price Prediction – SLOTH Price Analysis 2024
- Investors Send $1.5 Million In Solana To New Meme Coin Slothana
- Meme Coin Traders Jump on New SBF Meme Coins As FTX Founder Gets 25-Year Prison Sentence
- PRESALE CRYPTO LIST: Top Upcoming Cryptocurrencies to Invest in 2024
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