SFUND Grows 3% – What’s Behind the Surge?

The Seedify.Fund token SFUND has fallen, leaving investors’ portfolios in massive loss within the last two months. According to the price action, the coin recorded a rally that took the price from $0.63 in the early hours of August 23 to approximately $0.7 the following day.

Unfortunately, this positive price move was short-lived as the risk-averse investors decided to sell off their hold for profit-taking. Since then, SFUND’s value has struggled to gain traction with its price movement.

Today, August 15, the asset shows a 37% drop in trading activities and almost 3% price loss in 24 hours. This demonstrates that the market interest and demand is decreasing.

Also, Seedify.Fund SFUND’s 14-day and 30-day price changes show a decline of 8% and 9%, respectively, confirming its bearish pressure. However, the weekly data shows that the coin still holds some gains, as evidenced by an increase of over 3.4% in 7 days.

While trade is bearish today, upcoming developments might push a potential trend reversal for the coin.

SEEDWORLD Engagement Force Might Be Bullish Catalyst

On August 23, a subsidiary of ‘Seedify Project’ SeedWorld, tweeted about introducing a unique project ‘Engagement Force’ as a component of the Seedworld X-Growth Program.

It’s time to build the Engagement Force (EF), as part of Seedworld X-Growth Program.

A private group on Discord where you will be able to boost the virality of Seedworld and community members’ content allowing you to earn monetary rewards in the process!

Sign up now:… pic.twitter.com/rqfVfzL3t1

— Seedworld (@SeedworldMeta) August 23, 2023

According to the Tweet, the “Engagement Force” refers to a private group on the Discord platform. This program is designed to enhance the growth and visibility of Seedworld by encouraging community engagement and content sharing.

In this group, members are encouraged to actively boost the popularity of Seedworld and content created by other members. By doing so, they have the opportunity to earn monetary rewards.

Generally, a vibrant and active community is often seen as a positive sign for any cryptocurrency or project such as Seedify.Fund. 

The emphasis on community engagement suggests that Seedworld is fostering a strong and dedicated user base, which can attract more users and investors.

Meanwhile, the promise of earning monetary rewards for boosting content could encourage more users to participate actively. Also, this earning can lead to more users sharing content and promoting Seedworld, increasing visibility and adoption.

Seedify’s Solidus Raised Over $280K in IDO, Showcasing Massive Investor Interest and Potential Price Growth

We’ve wrapped up @AITECHio IDO 🤝

Now it’s time to prepare for 👇

📈$AITECH Listing: August 28 pic.twitter.com/p1ix24dvuc

— Seedify (@SeedifyFund) August 23, 2023

SOLIDUS’s recently concluded Initial DEX Offering (IDO) marks a significant milestone, having successfully raised over $280,000 in funds. 

More than 6,000 individuals participated in the IDO activity, underscoring this project’s strong community support and investor interest. The enthusiasm demonstrated by such widespread participation signals a robust demand for its underlying concept and potential. 

Also, the funds can provide solid financial backing to fuel the development, technology enhancement, and further expansion within the Seedify ecosystem. With a diverse and engaged community base, the coin is well-positioned to leverage this momentum for growth and innovation. 

Notably, the team hinted at a potential listing on August 28. Such an achievement can potentially increase excitement and market activity even for SFUND.

Listing on a major exchange often increases visibility and accessibility, exposing the coin to a broader audience of traders and investors.

Seedify.Fund Price Analysis – Any Potential Recovery?

SFUND/USDT has increased since June 13, trading between the $0.6 support level and the $0.88 resistance zone. This indicates that the market is experiencing limited trading activity and a fading interest from investors.

After the bears took the SFUND/USDT down toward the $0.6 support level, the bulls snatched control of the market, pushing the price up again.

Based on the daily chart data, the pair has broken out of a technical chart pattern ‘Channel B. This signifies that the price has moved beyond the confines of the previous trading range. 

This could be interpreted as a shift in market sentiment, potentially from a period of consolidation or indecision to a phase of increased buying or selling activity.

Historically, the price broke below the ‘Channel A’ trading chart pattern, triggering a negative market sentiment and causing the asset’s price to drop massively.

Based on that, traders might anticipate a bullish price move since the market has breached the new ‘Channel B’ chart pattern. Should this occur and the price respects the analysis, the market might witness a short-term bullish trend before hitting the resistance level at $0.88.

A break above the resistance will signal a massive bullish sentiment, sending the coin to a high of $1.6. Investors who enter the market at its current price will gain over 100% on their investment.

However, if the bull cannot build up stronger momentum and the market drops below the $0.6 support level, it will trigger a negative sentiment, causing a further decline.

The Relative Strength Index (RSI) indicator at 40 suggests that the buying and selling activities are relatively balanced.

Market Rebound On Technical Indicators – Will It Sustain?

The chart shows that the coin has been below the Simple Moving Average (SMA) Indicator for the past three months. As of 7:30 AM EST, the coin is still trading below the Simple Moving Average (SMA) indicator, suggesting bearish control.

However, some signs of recovery have been evident in the rising green candles approaching the 50-day SMA. This implies that buyers are entering the market.

Also, the MACD is above the signal line, supporting increased buying activities in the market. Again, the indicator shows that the green histogram bar is growing stronger, and with added bullish momentum, the market might bounce back.

However, it is advisable to consider other technical analysis tools before making a trading decision, as the crypto market is unstable.

Seedify.Fund Alternative – Wall Street Memes

Wall Street Memes (WSM), a well-known meme coin, attracted a lot of notice before its presale officially started. The presale of Wall Street Memes coin has been succeeding, raising over $25 million.

Wall Street Memes coin aims to bring the spirit of regular people challenging big financial institutions to the world of cryptocurrencies using meme stocks’ popularity. 

As its presale ends, the coin’s price is gradually increasing. It has risen noticeably from $0.033 to $0.0337 in its final phase.

Their staking service is snowballing, with 7% of the presale amount already deposited. The current staking dashboard displays an annual percentage yield of 283%. Surprisingly, over 210,424,097 WSM tokens have been staked in the staking platform.

The recently launched staking service is a crucial part of their offering, promising passive income and strengthening the coin’s ability to handle changes in the market.

According to the official presale site, the token will be listed on tier 1 exchanges in 32 days from today. This means there’s a limited timeframe, and investors who jump in now might gain significantly by buying at a low rate.

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Wall Street Memes – Next Big Crypto

• Early Access Presale Live Now
• Established Community of Stocks & Crypto Traders
• Featured on BeInCrypto, Bitcoinist, Yahoo Finance
• Rated Best Crypto to Buy Now In Meme Coin Sector
• Team Behind OpenSea NFT Collection – Wall St Bulls
• Tweets Replied to by Elon Musk