Wormhole Price Prediction: W Plunges 40% in One Week as Traders Send Over $10 Million SOL to New Solana Meme Coin Slotthana.

adminApril 8, 2024

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Wormhole prices have fallen 8% in the last 24 hours and 40% in the past week. Deal for $0.99 As of 1:32 a.m. EST, trading volume had fallen 50% to $256 million.

Wormhole is rapidly becoming a ZK-enabled network for trustless transfer of data and value. The project does this through a partnership with AMD, which provides the resources needed to speed up processing and reduce transaction costs.

wormhole x @AMD – Wormhole ZK acceleration
Wormhole’s platform is rapidly evolving into a ZK-enabled network for trustless transfer of data and value.
AMD is providing enterprise-grade hardware and expertise to accelerate processing and reduce transaction costs 🧵 pic.twitter.com/neNccsEBFI
— Wormhole (@wormhole) April 6, 2024

Wormhole price setting to break through integrated channels

Wormhole price chart analysis Source: Geckoterminal.com — WUSD chart analysis source: Geckoterminal.com

Wormhole price hit an all-time high (ATH) of $1.66 shortly after launch. However, since W has fallen 40% since then, the downward trend appears to have led the price.

Over the past three days, W has traded between $1.1 and $0.91, indicating some indecision about its next move. But the uptrend seems to be steadily pushing prices up. Beyond the consolidation phase, a new upward trend may begin.

W is trading below its 50-day and 200-day simple moving average (SMA), coinciding with a downward price trend.

Additionally, the Relative Strength Index (RSI) has rebounded from oversold levels and is above 51, the mid-line of 50, indicating strong buying pressure. If the bulls break above the consolidation, the RSI could reach 70, indicating investor optimism could rise.

The moving average convergence divergence (MACD) also shows signs of a bullish move. The moving average line (blue) crosses the signal line (orange), indicating a bullish crossover. A bullish crossover could encourage investors to buy, which could push the price to higher levels.

Wormhole Price Prediction

Wormhole price analysis shows some indecisiveness in the market, but the bulls are looking to push the price above the consolidation channel by setting a $1.6 target ready to break above ATH.

MACD and RSI provide a bullish outlook for bullish investors looking to push prices higher.

However, if the bears continue to apply more pressure, the W bulls could retreat to $0.85, which could act as an important support to push the price higher.

Meanwhile, many investors are sending their SOL to Slothana, a project that is currently making waves in the cryptocurrency community.

Slotthana secures over $10 million in funding. What is the best alternative to buy now?

Slotana (SLOTH)a sloth-themed cryptocurrency project, has quickly emerged as a leader among Solana-based meme tokens, including BOME and SLERF, with presales surpassing $10 million at lightning speed.

On the 7th day, Slotana said, ‘Please let me have a memecoin!’ And the cryptocurrency world rejoiced as the laziest god of them all blessed us with meme magic. Dear fellow believers in the lazy cryptocurrency gospel, I hope your baskets are filled with Memecoins this Easter🐣 #slodana
— Slothana (@SlothanaCoin) March 31, 2024

99Bitcoins, a cryptocurrency channel on YouTube that boasts over 700,000 followers, believes Slotthana could rise 100x after launch.

Slotthana follows in the footsteps of Solana meme coins including $SLERF, $BOME, $PUMP, and $PUNDU, introducing a new launch method to the Solana Network. The launch method primarily defeats the usual methods without price steps, timers, or hard caps.

For interested investors, simply send SOL to the token address and the team will airdrop the tokens to your wallet.

Hello sloths! 🦥 Quick update from your favorite cryptocurrency connoisseur: I hear some of you are nervous about Slotthana tokens! 😅 Have no fear, clumsy supporters! A token drop will occur if the pre-sale reaches a lazy conclusion.
— Slothana (@SlothanaCoin) March 28, 2024

The widget is also available on the official website Specify the amount of $SOL you wish to exchange for $SLOTH. Click the ‘Buy Now’ button, select your wallet and complete the transaction.

Buy $SLOTH now and prepare for a massive surge

In a recent poll, the community voted in favor of Slotthana’s debut as a decentralized and centralized exchange (DEX and CEX), highlighting the project’s goal of maximizing exposure and accessibility.

🦥 Sloths, take note! It’s survey time. Should we only launch on DEXs, embracing the true spirit of decentralization and lazy trading? Or should I go all out and achieve both CEX and DEX? Vote below #slodana #memecoin
— Slothana (@SlothanaCoin) March 29, 2024

There are no price tiers, timers or hard caps, so now is the perfect time to buy tokens before they sell out.

Participation, You can buy or send $SOL here. For every 1 SOL sent to that address, you will receive 10,000 $SLOTH.