Plerf Price Prediction: PLERF Plunges 50% As Sloth-Themed Solana Rival Slothana Surges Past $7.5 Million

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The Plerf price slumped 50% in the last 24 hours to trade at $0.001921 as of 00:03 a.m. EST on trading volume that plunged 74% to $1.03 million.

This comes as the team prepares for extensive marketing and listings aimed at reaching a wider audience in the cryptocurrency community.

Plerf Price Set For A Rebound

PLERFUSD Chart Analysis Source: Dexscreener.com

The Plerf price was in a consolidation phase at the end of March as the struggle for dominance between the bulls and the bears intensified.

In the past two days, the PLERF bulls have shown resilience, pushing the price higher through a markup phase to retest the $0.0057 resistance level twice. However, the bears took control at this level, driving the price down below the $0.0027 critical support zone and further down to $0.0013.

Additionally, the price trades slightly above the 50-day Simple Moving Average (SMA). This reinforces the overall bullish sentiment, increasing the likelihood of the price surpassing the $0.0013 support zone. If the bulls continue the rebound over the falling wedge pattern, PLERF will eventually overcome the 200-day SMA hurdle.

The Relative Strength Index (RSI) is currently rebounding from the 30-oversold level, currently at the 50-midline level, showing that the bulls are adding more to their buying positions. As the bulls stage a rebound, the RSI could surge over the 70-overbought region, indicating intense buying pressure.

The Moving Average Convergence Divergence (MACD) also shows signs of a rebound as it climbs toward the neutral line. Moreover, the moving average line (blue) crosses above the signal line (orange), further cementing the bullish outlook, forming a bullish crossover.

The green bars on the histogram also extend above the signal line, showing that PLERF is currently in positive momentum.

Plerf Price Prediction

The Plerf price analysis shows that PLERF has been down in the last 24 hours but with signs of a rebound over the falling wedge pattern. Major indicators, including the RSI and MACD, offer bullish prospects for optimistic investors to buy more.

If the bulls succeed in the trend reversal, PLERF will soar, with the target at $0.0050.

However, the 50-day SMA trades below the 200-day SMA, forming a death cross at $0.0030. A death cross often offers a bearish sentiment to an asset’s price. In such a scenario, the price would go down through a retrace back to the support zone at $0.0010, negating any bullish sentiment.

Meanwhile, as the Plerf bulls strive to stage a trend reversal, investors are also sending SOL to the runaway Slothana presale that has already blasted past $7.5 million raised.

Slothana: Best Alternative To Plerf

The new sloth-themed token Slothana (SLOTH) continues to capture the attention of the meme coin community.

It’s following in the footsteps of Solana meme coins including $SLERF, $BOME, $PUMP, and $PUNDU, which created a new way of launching on the network. The launch method mainly negates the traditional ways, with no price stages, timers, or even a hard cap.

As an investor, all you need to do is send SOL to a token address, and then the team airdrops tokens to your wallet.

sloth buy widget

You can also use the widget on the official website and specify the amount of $SOL you wish to exchange for $SLOTH. Click the ‘buy now’ button, choose your wallet, and finalize the transaction.

Buy $SLOTH – The Best Opportunity For 100X Gains

Traders on the platform continue to send $SOL, with the presale garnering over $7.5 million in slightly over one week.

Investors who buy into the project early have an opportunity to lock in 100X gains after launch, says 99Bitcoins, a prominent crypto channel on YouTube with more than 700k subscribers.

With the team setting no price stages or timers, the presale may end at any time. That makes now the best time to buy before the tokens are sold out.

To participate, you can buy or send your $SOL here. For every 1 SOL sent to the address, you will receive 10,000 $SLOTH.

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