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Slothana, a new meme coin continues to show strength as its presale surges past $7.5 million. Can it reignite meme coin season? 
Leading meme coins have struggled today, stoking concerns further downside may be on the horizon. Currently, Pepe is down 5.3% and Dogwifhat is down 3.6%. 
<h2 class="wp-block-heading" id="strong-traders-split-on-whether-pepe-and-wif-will-bounce-strong">Traders split on whether PEPE and WIF will bounce</h2> 
Pepe and Dogwifhat have struggled to maintain momentum this week after a parabolic meme coin mania took the market by storm recently. 
Market analysts’ opinions on whether they can recover are split. Some anticipate a deeper pullback first, while others expect a swift recovery. 
Currently, Pepe is trading at $0.000006974, down 5.3% today, 9.9% this week, and 2.7% this month. However, it remains up a whopping 675% from its price of $0.000006975 two months ago. 
Market analyst Mfiqrihanafi <a href="https://www.tradingview.com/chart/PEPEUSDT.P/aoZ2ZNH8-PEPEUSDT-P/" target="_blank" rel="noopener">noted</a> a “possible rising wedge pattern” on the Pepe price chart and anticipated further downside toward $0.0000057 in the coming weeks. 
 You might also like: <a href="https://crypto.news/traders-send-1m-solana-into-new-slothana-meme-coin-presale/"> Traders send $1M Solana into new Slothana meme coin presale </a> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/_b6YofZlto-J5LGTfYsMTuAC4VwNWMsT4rl3xBxJIEFMcP1eIJ3JZEJ1OmWT__hvSBgrrx_o05XU9sUB6jMnAI3xCmICSXOOK_UB_3dkCE4Wt4j1awGQpwzY0xqFIUfiNy3h1NKBXLTTOJLA91mDzvo" alt="Solana’s Slothana eyes 100x surge; Pepe, Dogwifhat, prices dip&nbsp; - 15">
</figure> 
On the other hand, prominent Pepe proponent and analyst Plazma0x <a href="https://twitter.com/Plazma0x/status/1775590414222807354/photo/1" target="_blank" rel="noopener">says</a> that his Pepe “long stays open.” 
The analyst cites previous deep retracements within Pepe’s meteoric rise, alluding that market participants should not worry about the recent downturn. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/2Edv_NwdBne6J5ZBcV6yXSXDQJmM3B8LMm0SLN3ge0OHz2gsxL291ujlzhAIKJh7a8qkUvF9ZQhi62oY2KbDT1EJ9hpTYuJquqtS7dtgfLuDK52H559LMagYMoZl2dh-s_b9PRJFENXoneOzaPZu5bg" alt="Solana’s Slothana eyes 100x surge; Pepe, Dogwifhat, prices dip&nbsp; - 16">
</figure> 
Dogwifhat has endured similar difficulties today, currently priced at $3.94 and down 3.6%. That said, it has outperformed Pepe recently, up 28% this week and 113% this month. 
Yet, renowned trader Bluntz <a href="https://x.com/bluntz_capital/status/1775742390747480106?s=46" target="_blank">fears</a> WIF may be due to a cooling-off period. 
“I think WIF’s macro five wave structure might be done here, with all waves accounted for and a long-drawn-out ABC probably underway before the next parabolic leg,” the analyst wrote on X. 
He continued, “I’m looking to rebuy my bags down around $1-$2 between the 0.618 and 0.78 Fibonacci levels.” 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/qoy1WduatG34tFXd0uzBtnvd-t7ohfRyrrEu9Bp58_EA59_vJkkz1MPkUitwdtEFJXVjadxJa43mH57nG4cnsVzmcJZ2XisuH8rMV6DnarFItmO3521AB1LTTUqR3LjPTYGSFZL2f5h334jtwX0a-7Y" alt="Solana’s Slothana eyes 100x surge; Pepe, Dogwifhat, prices dip&nbsp; - 17">
</figure> 
Nevertheless, other analysts remain bullish on Dogwifhat. For instance, X account WebTrend Analytics <a href="https://x.com/WebTrendCo/status/1775354224953446655?s=20" target="_blank">believes</a> that WIF is going higher, referencing its recent $3.5 support retest and a reset of the RSI indicator. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/CNrcIpYFYCf9sHPGJiBSFZztzkVT1fxsLtVuPm3mA-LnE4Dl7QH1ET5H_3OowYGBiEF4C0LZeaaHJzoMxEfaHyw8KgZug-OkOP0Z8Q7z3Q86cDXXqGZZ9GNq1GFao-t8YoqZAp2hn-bvdTv3JhByevs" alt="Solana’s Slothana eyes 100x surge; Pepe, Dogwifhat, prices dip&nbsp; - 18">
</figure> 
But while market analysts display mixed sentiment on the top meme coins, emerging projects continue to show strength. Currently, one of the most promising is Slothana, a new Solana presale backed to 100x. 
 You might also like: <a href="https://crypto.news/solanas-slothana-meme-coin-presale-raises-500k-in-8-hours/"> Solana’s Slothana meme coin presale raises $500K in 8 hours </a> 
<h2 class="wp-block-heading" id="strong-slothana-raises-7-5m-strong">Slothana raises $7.5m</h2> 
The latest twist in the meme coin craze is in Solana-based presales. Book of Meme began the frenzy with its $2 million presale, which translated to a staggering $1 billion market cap within two days of its IEO. 
This made countless multi-millionaires in the process, as <a href="https://twitter.com/lookonchain/status/1769222170763493685?s=20" target="_blank" rel="noopener">reported</a> by LookOnChain.&nbsp; 
However, the latest Solana presale hype has arrived: <a href="https://crypto-news.care/b_slothana-en_71338?referrer=pepe-and-dogwifhat-prices-slide-but-traders-think-new-solana-meme-coin-could-100x" target="_blank" rel="noopener">Slothana</a>. As a lazy sloth-themed meme coin, this presale takes a nonchalant approach with a single-tiered pricing system and multiple ways to buy. 
Yet, degens have been captivated. Slothana’s presale raised a staggering $7.5 million in just over one week, surpassing Book of Memes’ total raise, laying the way for a bright future. 
Adding to the excitement, rumours surfaced that the Smog team is Slothana’s creator. Smog soared 100x after its February launch, peaking at over a $200 million market cap. These whispers are backed by a connection, with the Smog team <a href="https://x.com/SMOGToken/status/1772557771398942885?s=20" target="_blank">commenting</a> on Slothana’s first-ever X post when it had less than 50 followers. 
Indeed, this presents a bullish outlook for Slothana. However, since a presale hard cap has not been announced, potential buyers must act fast to avoid missing out. 
To learn more about this project <a href="https://www.slothana.com" target="_blank" rel="noopener">visit the Slothana website</a> 
 Read more: <a href="https://crypto.news/dogwifhat-bonk-see-gains-slothana-poised-to-be-major-solana-memecoin/"> Dogwifhat, Bonk see gains; Slothana poised to be major Solana memecoin </a> 
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Solana’s Slothana eyes 100x surge; Pepe, Dogwifhat, prices dip

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