{"id":577617,"date":"2024-09-17T14:56:50","date_gmt":"2024-09-17T14:56:50","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=577617"},"modified":"2024-09-17T14:56:50","modified_gmt":"2024-09-17T14:56:50","slug":"slerf-price-prediction-slerf-surges-15-as-analysts-say-consider-this-ico-with-a-1133-apy","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/slerf-price-prediction-slerf-surges-15-as-analysts-say-consider-this-ico-with-a-1133-apy","title":{"rendered":"Slerf Price Prediction: SLERF Surges 15% As Analysts Say Consider This ICO With A 1,133% APY"},"content":{"rendered":"
The Slerf price <\/span>soared<\/span><\/a> over 15% in the last 24 hours to trade at $0.1537 as of 7:22 a.m. EST as investors rush to buy the sloth-themed Solana token.<\/span><\/p>\n With the recent gain, the SLERF price was able to flip its weekly performance back into the green with a 12% jump. Its monthly performance has also been nudged back into the green.<\/span><\/p>\n <\/p>\n 4-hour chart for SLERF\/USD (Source: <\/span>GeckoTerminal<\/span><\/a>)<\/span><\/p>\n The Slerf price broke above the major resistance level at $0.1546 in the last couple of hours. It attempted to do the same with the next technical barrier at $0.1634, but failed. This resulted in an immediate pullback. As a result, SLERF is currently resting on the recently-breached $0.1546 mark.<\/span><\/p>\n Should the <\/span>meme coin<\/span><\/a> drop below $0.1546 in the coming 12 hours, the Slerf price could be exposed to the risk of falling to the $0.1458 support. Thereafter, continued sell pressure might then lead to SLERF plunging to as low as $0.1370 in the short term.<\/span><\/p>\n This bearish thesis might not play out if the Slerf price closes the next 3 4-hour candles above $0.1546. In this alternative scenario, bulls could decide to re-enter SLERF’s charts to try to push the meme coin’s price above the $0.1634 resistance. <\/span><\/p>\n Closing a 4-hour candle above this threshold might then lead to a continued rise for the Slerf price over the following 24 hours.<\/span><\/p>\n From a technical perspective, indicators on SLERF’s 4-hour chart warn that buyers are starting to lose some of their strength. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) suggest the Slerf price’s bullish momentum is losing steam as the <\/span>meme coin<\/span><\/a> rests on a key support.<\/span><\/p>\n In the last couple of hours, the MACD line has started to drop towards the MACD Signal line. Traders generally see the prior falling down to the latter as a sign that a crypto’s positive trend is approaching its end. <\/span><\/p>\n RSI readings have also dropped slightly in the last few hours to suggest that bears are starting to chip away at the bulls’ current advantage. The RSI is also in the low 70s to indicate that SLERF is currently overbought. <\/span><\/p>\n The latest RSI readings and the overbought signal could be seen as a sell signal by some traders, because both of these metrics are usually seen as an indication that a crypto’s downside potential is greater than its upside potential. <\/span><\/p>\nThe Slerf Price Resting On A Recently-Breached Mark<\/span><\/h2>\n
Technicals Warn That Bulls Are Losing Their Control Of The Slerf Price<\/span><\/h2>\n