Cilinix Crypto discusses Slothana reaching its all-time high but then experiencing a sudden correction, paving the way for the biggest crypto presale he invested in.<\/p>\n
First, let’s talk about Slothana. Its price recently hit an all-time high of $0.05, likely because of the HTX listing, making it a hot topic on DEXTools. Usually, an exchange listing causes a quick rise followed by a drop.<\/p>\n
Most of the recent excitement came from the announcement of the big exchange listing. The day after the listing, a sudden correction made $SLOTH fall to $0.04. Today, the price of $SLOTH has dropped by 14% and is now $0.03.<\/p>\n
Right now, Slothana needs more fundamental improvements. The trading volume on DEXTools is about $8 million, with a total volume of around $27.94 million. This is enough for smaller exchange listings, but more significant fundamentals are needed.<\/p>\n
If there aren’t new positive developments soon, especially with the HTX listing often causing a “sell the news” effect, $SLOTH could drop below $0.03, possibly falling to $0.025. This strong support level might encourage investors to buy at $0.025 or $0.03.<\/p>\n
Even if the price falls to $0.025, it would still be part of a larger consolidation. With the right fundamentals, a bullish breakout and rally could happen. So, it’s not the end of the world, but preparation is key. Future listings of SLOTH might push its price to $1.<\/p>\n