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The Slothana price soared 34% in the last 24 hours to trade at $0.03902 as of 02:45 a.m. EST on trading volume that rose 8% to $19.7 million.
This comes after the team completed a $3 million burn of SLOTH tokens, or 5% of the total token supply. The move has turbocharged the SLOTH price, helping it to hit an all-time high at $0.0460 earlier.
Slothana Price Set To Soar To A New ATH
Geckoterminal data indicates that the Slothana price has been on a dramatic rise in the last 5 days, as the token rose through a markup phase and to a new ATH, after breaching the upper boundary of the bullish pennant pattern.
SLOTH trades well above the 50-day Simple Moving Average (SMA), a confirmation of the bullish rally to the upside.
Additionally, the reading on the Relative Strength Index (RSI) indicates an increasing buying frenzy from investors, with the RSI soaring above the 70-oversold level, currently at 76, an indication of continued investor optimism.
The Moving Average Convergence Divergence (MACD) is also bullish, with the MACD blue line crossing above the orange signal line, which represents a bullish crossover. A bullish crossover is often a signal for investors to buy more, which could prompt another surge to the upside.
Moreover, the green bars on the histogram are beginning to form above the neutral line, an indication that SLOTH is poised for another rally. The Average Directional Index (ADX) supports this sentiment as it trades above level 45 at 50, which shows that SLOTH is on a very strong bullish trend.
Slothana Price Prediction
The Slothana price analysis on the 4-hour chart shows a bullish bias, with the bulls already crossing the upper boundary of the bullish pennant. With the major indicators, including the RSI, MACD, and ADX, showing positive sentiments, the bulls are aiming for a new ATH above $0.050.
However, in an inverse scenario, as the RSI has already crossed the overbought region, there may be a looming price correction. If the bears start booking profits as a result of this recent surge, SLOTH could undergo a price retrace back to the support zone around $0.017, coinciding with the 50-day SMA.
As the Slothana presale soars, investors are also looking to buy another Solana presale token, Sealana, with experts like TodayTrader saying SEAL has the potential to surge 10X after launch.
Sealana: A Promising Alternative To Slothana
The brand new ICO for Sealana (SEAL), the all-American redneck seal, has taken in over $523K in less than two weeks since launch. Its character is based on a charming, chubby seal who has dived into the Solana sea.
New Meme Crypto ‘Sealana’ Attracts Whales As Solana Price Recovers.
#SolanaMemecoin pic.twitter.com/zqP73U7Mk3— TechStory (@TechStoryin) May 5, 2024
Once sleek and agile, the character has now adopted a sedentary trader’s lifestyle. He represents everyone from the legions of disgruntled keyboard warriors writing sharp, acerbic opinions in internet comments sections, and captures the idler in us all.
Similar to the Slothana ICO, Sealana is a ‘Send SOL’ presale without timers, stages, hard caps, or even a white paper. This means that the ICO could end at any time, which makes now the wise time to buy.
To participate in the presale, you can visit the official website to buy SEAL tokens here, where one $SEAL is worth $0.022.
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