The Meme AI price soared 26% in the past 24 hours to trade for $0.005467 as of 01:44 a.m. EST time on trading volume that skyrocketed 895%.

It comes following a show of strength in the Bitcoin (BTC) price, which caused some AI crypto coins to rally. The MEMEAI project’s community continues to grow, recording upwards of 5K followers on X.

Meme AI Price Prediction

From a technical standpoint, the odds still favor the downside, with the Meme AI price likely to drop before a recovery. Notably, this recovery is contingent on the lower boundary of the wedge holding as support, lest the Meme AI price could roll over to the range low at $0.000690.

Multiple technical indicators support a further downside, starting with the Relative Strength Index (RSI) that remains subdued below the ‘50’ mean level. Both the Awesome Oscillator (AO) and the Moving Average Convergence Divergence (MACD) are also in negative territory, reinforcing the bearish thesis.

TradingView: MEMEAI/USDT 1-day chart

Converse Case

On the other hand, if the bulls recover the market, the Meme AI price could push north to shatter resistance due to the descending trendline. For the bearish thesis to be invalidated, however, the Meme AI price must record a candlestick close above $0.020453 on the daily timeframe. This would encourage more entries, with the ensuing buying pressure likely to send the Meme AI price to reclaim its $0.040000 psychological level.

Analysts have observed that despite the show of strength with the Bitcoin price, which inspired a spout of bullishness across the industry, the market remains shaky, which is cause for caution.

Good morning!! Market is looking very shaky.

Not taking any trades right now.

Want to see a clear direction first.

— Kyle Chassé (@kyle_chasse) April 5, 2024

The general opinion is that if the Bitcoin price loses $65,000, it could trickle all the way down to provide another buying opportunity around the $58,000 to $55,000 range. The reverberations of this crash could have two implications.

First, it could cause a surge in altcoins because of capital rotation, or cause a crash in the entire asset class amid elevated risk in the market.

This explains why investors are already looking at SLOTH as a buffer against a possible market downturn. Solana meme coins are hot now, and Slothana itself is red hot after raising more than $8 million in less than two weeks.

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Promising Alternative To Meme AI

Traders are pouring millions into SLOTH, which powers the Slothana ecosystem. It is trying and retake some of that early potential of the network’s established funny tokens like Slerf, DogWifHat, and Bonk.

Like its peers, Slothana exploded at launch, raising over $600k within a day of its announcement.

⏰ Tired of the 9-5? So is Slothana!🦥Our office sloth is ready to ditch the daily grind and embrace the world of crypto trading. No more getting high on herb, just high on profits! Send SOL to help our sloth go from 420 couch surfer to $420m crypto chad! #slothana #memecoin

— Slothana (@SlothanaCoin) March 25, 2024

Meme coin-watching channels are rife with rumors that Slothana is from the same team that launched Smog (SMOG). Smog rallied more than 30x for many early investors after listing.

Only days after launching a ‘send SOL’ style presale, SLOTH sales have already gone past $8 million, and that figure is swelling by the minute. The project has no timer, stages or hard cap, like all the new ”send SOL” presales.

🌿🦥 Wow! Sloth’s jaw is dropping at the SOL flooding in from our slovenly supporters! 😱 What a bunch of lazy legends! Let’s take Slothana to the moon! 🚀 And remember, only send from your onchain wallets – Sloth can’t airdrop to exchanges!💸🙅‍♂️ #Slothana #MemeCoin #LazyLegends

— Slothana (@SlothanaCoin) March 28, 2024

Head to the official official website to check out the project, where there’s also a handy widget that accepts SOL swaps by connecting your Phantom or other self-custody wallet.

One SOL buys 10,000 $SLOTH, which means each token has an approximate price of $0.017502 at the time of writing, although this will rise as the presale progresses.

🚀 Exciting news, fellow lazy sloths! Our ‘Lazy Sloth Buy Widget’ is now LIVE on Slothana’s site! 🌿🦥 No more excuses – even the laziest among us can now send SOL with ease. Say no to slovenly sloth and yes to crypto chad lambo time!💸 #Slothana #LazyCrypto #MemeCoin

— Slothana (@SlothanaCoin) March 27, 2024

Visit and buy Slothana here.

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• Source: https://insidebitcoins.com/news/meme-ai-price-prediction-memeai-surges-26-as-traders-send-8-million-in-sol-to-new-crypto-meme-coin-slothana