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The Slerf price has surged 10% in the last 24 hours to trade at $0.8334 as of 8:25 a.m. EST on a 19% drop in trading volume to $295 million.
Slerf Price Indicates A Bearish Trend Reversal
SLERFUSDT Anaysis By Tradingview
SLERF’s price took a tumble from its peak on March 19th. It hit a low point just above $0.50, hovering around $0.52. However, in the past 24 hours, it experienced another surge, pushing it back to $0.95.
The price has formed a double-top pattern, which indicates a bearish trend reversal. This means the price may tumble back to the support zone at $0.52.
At present, technical indicators strongly point towards SLERF’s price surge. The relative strength index is on an uptrend, rebounding from the 50 midline level to 69. The RSI could jump into the overbought region above the 70 if the momentum increases.
The price is currently above the 50 Simple Moving Average (SMA), which is currently supporting the Slerf price.
Slerf Price Double Top Pattern May Cause A Decline
The presence of the double top pattern has led to a drop in price from the $0.95 peak, giving the bears an opportunity to push the price down. If the bears succeed in breaking the price below the 50 SMA, it will compel the bulls to fall back to the previous support level of $0.52.
However, if the 50 SMA holds strong, the bulls might gather momentum to push the price higher in an attempt to reclaim the all-time high of $1.30.
Meanwhile, SMOG has been attracting interest due to its eagerly awaited airdrop and recent impressive price surge. According to YouTuber CryptoGains, SMOG could see another 100X gains.
SMOG Season 1 Airdrop Finale Sparks Price Surge
$SMOG is wrapping up Season 1 of its airdrop giveaway, with the finale set for April 3, 2024. This news has sparked a 15% jump in the past week in the token’s price, now trading at $0.1834. The surge in $SMOG’s price mirrors the continuing buzz around meme coins despite recent market downturns.
SMOG’s success can be credited to its creative tactics, like setting aside a hefty 35% of its 1.4 billion token supply for airdrops and adopting a multichain strategy to link the token with Ethereum.
Participate In The Greatest Airdrop In History
Investors taking part in the $SMOG airdrop can complete various quests on Zealy to snag some free tokens. These quests range from inviting friends to join the airdrop to engaging with the Smog community page on CoinMarketCap.
It’s understood the project will give away about $1 million.
$SMOG 🐉 | The greatest #Solana #Airdrop of all time! 🔥
Buy, hold, and complete quests on #Zealy to qualify in the airdrop and climb the leaderboard! 🥇
🌐 20K+ Participants on Zealy
👥 96.71K+ Holders
💰 $145.04M+ MC
✅ 1.9M Quests Completed🪂 Airdrop link in bio!🔗 pic.twitter.com/ztTNkdkv6V
— Smog_Token (@Smog__Token) March 13, 2024
Looking ahead to Season 2, starting on April 4th, the focus will shift to activities like buying, holding, and swapping $SMOG tokens, which will carry hefty rewards in the airdrop.
Season 2 aims to ramp up the visibility of Smog, with a big push behind promoting the hashtag #SmogSwap.
Investors can buy and stake $SMOG through the Smog website for a 10% discount and earn an annual yield of 42% on staked tokens.
Buy $SMOG now using ETH, SOL, USDT, USDC, or a bank card.
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