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The Slerf price soared over 18% in the last 24 hours to trade at $0.2405 as of 4:46 a.m. EST.
With the recent surge, the SLERF price has continued the positive performance displayed over the longer-term time frames. The meme coin has skyrocketed more than 58% in the past 7 days, and 73% in the last month.
The Slerf Price Attempting To Breach Resistance
4-hour chart for SLERF/USD (Source: GeckoTerminal)
A positive trend line has emerged on SLERF’s 4-hour chart after the meme coin printed multiple higher highs and higher lows in the last 48 hours. Currently, the Slerf price is breaking away above the ascending trend line, and is attempting to flip the major resistance level at $0.2301 into support.
Closing a 4-hour candle above $0.2301 within the next 12 hours could result in a continuation of the crypto’s bullish trend. SLERF might subsequently climb to as high as $0.2766 in the short term if traders keep buying into the meme coin. However, a break below the $0.2301 mark in the next 24 hours could stop SLERF in its tracks and invalidate the bullish thesis.
In a more bearish scenario, the Slerf price might plunge below the ascending trend line on its charts. Traders could then end up panic selling their holdings in the crypto, which might push it to the $0.1858 support level.
Waning Bullish Momentum Could Lead To A Pullback For The Slerf Price
Looking at technical indicators on SLERF’s 4-hour chart, there are signs that warn the meme coin’s positive momentum is cooling off. More specifically, the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) indicators are showing early bearish signs that could potentially be followed by a correction.
In the last few hours, RSI readings have started to decrease. Traders usually see this as an indication that buyers are leaving a crypto’s charts. What’s more, the high RSI readings in the mid 80s could be seen as a promising sell signal, because they suggest SLERF’s short-term downside potential is far greater than its upside potential.
The MACD Histogram on SLERF’s 4-hour chart has also started to level off. This indicates that the gap between the MACD and MACD Signal line is no longer growing, which might be an early sign of the meme coin’s bullish short-term trend coming to an end.
As bearish warnings emerge on SLERF’s 4-hour chart, traders might consider meme coin rival Crypto All-Stars (STARS), which influential YouTuber ClayBro told his 130K subscribers could generate 10X returns after launch.
Consolidating Meme Coin Staking Rewards On One Innovative Platform
Meme coin investors have achieved major profits this year as hype around these tokens soared. Now, backers of the lighthearted tokens are left looking for a way to grow their meme coin bags while they wait for the next rally.
This is where Crypto All-Stars (STARS), with its innovative staking platform, aims to make a name for itself.
Through its MemeVault protocol, the project provides meme coin lovers a way to earn passive rewards through staking a variety of meme coins all in one place.
Popular meme coins DOGE, SHIB, PEPE, FLOKI, BRETT, MOG, LADYS, TOSHI, COQ, BONK, and TURBO are already supported on the Crypto All-Stars platform, with more options scheduled to be added.
Investors who lock up any of these tokens in the MemeVault will earn rewards that are paid out in STARS. STARS tokens can also be staked and the 652% in annual rewards on offer is a major attraction for investors with more than 1.1 billion tokens already staked.
This essentially unlocks a rare opportunity for meme coin backers to earn compounded passive staking rewards.
Investors Bet Big On STARS During Its ICO Phase
Crypto All-Stars has already raised more than $2.27 million through its ongoing presale, with crypto whales among those who have bought the token.
Selling for $0.0015007, the meme coin can be bought with ETH, USDT, BNB, SHIB, FLOKI, DOGE, PEPE, or bank cards. Once purchased, the tokens can be staked through the staking page to start earning the high rewards on offer.
Potential buyers will want to hurry because the token’s price is scheduled to increase with each subsequent stage of its ICO. The next price hike will happen in about 2 days.
Purchase and stake STARS here for the 652% APY before its next price increase.
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