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Cryptocurrency News Articles

Slothana Price Aims For A Sustained Rally, Pepe Unchained (PEPU) Presale Rockets Past $40.8M

Nov 20, 2024 at 09:45 pm

The Slothana price soared 83% in the past week, despite being down 3% in the last 24 hours to trade at $0.00839 as of 11:42 p.m. EST

Slothana Price Aims For A Sustained Rally, Pepe Unchained (PEPU) Presale Rockets Past $40.8M

The Slothana price soared 83% in the past week, despite being down 3% in the last 24 hours to trade at $0.00839 as of 11:42 p.m. EST on trading volume that plunged 21% to $1.8 million.

The SLOTH/USD chart shows a recent bullish breakout after a prolonged sideways consolidation phase, as the Slothana price found support around the $0.0050 level, according to data from GeckoTerminal.

The sharp upward movement is followed by a retracement into a channel, suggesting the asset is potentially consolidating its gains for the next move.

Meanwhile, the price of Slothana now trades well above both the 50-day and 200-day Simple Moving Averages (SMAs), which is a sign that SLOTH is on a sustained bullish trend.

The Relative Strength Index (RSI) is in the mid-range, neither overbought nor oversold. This suggests that the market is in a phase of equilibrium after the strong rally. A break above 60 could signal renewed bullish momentum, while a drop below 40 may indicate bearish pressure.

The current channel often acts as a bullish continuation pattern, meaning the price could potentially break to the upside if volume supports it. In this scenario, the price of Slothana could soar even higher, as the bulls target $0.010.

However, if the bears take charge of the price at this level, SLOTH could plunge back to the $0.0070 level, which coincides with the 50-day SMA.

Pepe Unchained (PEPU) presale has rocketed past $40.8 million in its blockbuster presale.

YouTube channel 99Bitcoins, with over 706K subscribers, says it has the potential to turn $1k into $10k after launch.

Pepe Unchained is surging toward $50 million in funds raised in its presale, the most successful of the year.

Unlike traditional meme projects, Pepe Unchained is designed to break free from the constraints of its outdated Layer 1 infrastructure. True to its name, the project plans to launch on its own proprietary Ethereum Layer 2 blockchain, offering faster transactions, lower costs, and enhanced

News source:insidebitcoins.com

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