The Slerf price dropped 15% in the last 24 hours to trade at $0.1983 as of 8.45 a.m. EST on trading volume that surged 30% to $43 million.
Like most other cryptos, the SLERF price is slumping along with the rest of the crypto market as a bearish wave washes over the market.
Bitcoin has dropped below $60k for the first time since late February, triggering strong bearish sentiment that very few cryptos have the strength to resist.
As for the SLERF price, it spent months fluctuating between a support at $0.20 and a resistance at $0.50, often only going halfway toward the resistance before once again losing strength and dropping back to the support.
Now, the support has seemingly finally been broken, leading SLERF to its all-time low and leaving its future uncertain.
Slerf Price Prediction
While SLERF price has been dropping for quite a long time now, technical indicators suggest that the situation is unlikely to get better any time soon.
The project’s Bollinger bands have recently seen a massive widening when the price initially crashed, but over the last few hours, they have narrowed more than at any point this week.
The price also continues to breach the lower band, pushing it further down. This is a strong bearish signal which suggests that a recovery is unlikely, especially when this signal is paired with the project’s RSI.
Pepe Unchained’s Relative Strength Index value has been venturing into the oversold zone multiple times in the past two days, only to briefly recover to the neutral zone as some traders used the opportunity to buy the dip.
However, even the slightest recovery causes them to take profit and sell again, as clearly displayed by the RSI value drops. Right now, the RSI score is once again dropping from the neutral zone to the oversold area, further suggesting that another price drop might be expected in hours to come.
Promising Alternative To Slerf
While the current price of SLERF seems to be in free fall, there are still safe alternatives for investors looking to enter the meme coin sector, which has been the most rewarding part of the crypto industry so far in 2024.
The answer is to turn to promising presales that are shielded from market volatility until their launch.
One such promising presale right now is Pepe Unchained (PEPU), a new Pepe-themed coin that calls itself the superior version of the original Pepe token. It is also the first Pepe crypto to run on its own blockchain.
The blockchain in question is a Layer 2 chain built on top of Ethereum’s Layer 1 network. With Ethereum being one of the most secure blockchains in the industry, Pepe’s L2 chain inherited this feature, but unlike Ethereum-based meme coins, which are limited by the network’s slow speeds and major fees, Pepe Unchained’s L2 blockchain is scalable, fast, and cheap.
Apart from the lowest transaction fees, it offers higher volume capacity, which it claims to be 100x faster than ETH, and instant bridging between ETH and Pepe chain. Lastly, it also comes with its own block explorer for added transparency.
Congratulations to the early joiners who secured Pepe Unchained at the perfect time 🥂
Join now before the next stage begins! pic.twitter.com/ykaW2rAwho
— Pepe Unchained (@pepe_unchained) July 3, 2024
The project quickly attracted the attention of investors, raising over $2.2 million in just 19 days.
For now, it is worth noting that the interest in Pepe Unchained is on the rise, and catching the attention of popular crypto YouTubers like Jacob Crypto Bury. He recently told his 41k subscribers that PEPU could be the next 10x Pepe alternative.
Right now, PEPU tokens sell for $0.0082596 each. For those interested to clamber aboard, buying PEPU now is the best move because a price increase is due in less than two days.
Buy PEPU on the official website here with ETH, BNB, USDT, or credit/debit cards.
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