Jason Derulo Price Soars 104% Amid Scam Allegations As A FOMO Frenzy Erupts Around This Solana Rival That’s About To List

The Jason Derulo price soared 104% in the last 24 hours to trade at $0.030 as of 03:48 a.m. EST on trading volume that skyrocketed to $32 million.

This comes as pop star Jason Derulo comes under scrutiny for his involvement in a meme coin controversy. Derulo has promised that he will never sell his newly launched meme coin, JASON. However, after its launch, the token plummeted by over 72%, leading to accusations of a pump-and-dump scheme.

Derulo later claimed that alleged scammer Sahil Arora, a notorious figure in the crypto community, had deceived him. He then vowed to do everything in his power to send the coin to the moon.

In the last 24 hours, the Jason Derulo price soared through a markup phase, hitting an all-time high of $0.044. The price then dropped through a falling channel, forming a bullish pennant pattern, according to data from GeckoTerminal.

Jason Derulo Price To Soar Over The Bullish Pennant

Jason Derulo Price Chart Analysis Source: GeckoTerminal.com
JASONUSD Chart Analysis Source: GeckoTerminal.com

The Jason Derulo price technical indicators show that the token is poised for a major bullish rally above the bullish pennant pattern.

JASON price trades well above both the 50-day and 200-day Simple Moving Averages (SMAs), an affirmation of the upcoming bullish rally to the upside.

Buyers seem to be in a frenzy, as the Relative Strength Index (RSI) climbs up, hurtling towards the 70-overbought region, currently at 59.

Moreover, the formation of the bullish crossover on the Moving Average Convergence Divergence (MACD) indicates that the bulls could add to their positions. The bullish crossover is formed as the blue MACD line crosses above the orange signal line.

The green bars on the histogram also form above the neutral line, showing that the price of Jason Derulo is on a positive momentum.

Jason Derulo Price Prediction

According to the Jason Derulo price Analysis on the 15-minute chart, JASON, trading within the upper boundary of the bullish pennant, could surge above the pennant as the bulls aim to push the token to the resistance zone around $0.038.

However, with the asset being overbought, the bears could start booking profits. In this scenario, the bears could push the token towards a retrace back to the $0.017 level, coinciding with the 200-day SMA.

Meanwhile, investors are rushing to buy the new Solana meme coin Sealana (SEAL) before its airdrop commences and token trading goes live on decentralized exchanges (DEXs) on July 2 at 1 p.m. UTC.

Sealana ICO Surges Past $6 Million – Last Chance To Buy

Sealana is inspired by a chubby seal that is fully immersed in the Solana Sea, spending endless hours in front of his computer and slowly growing bigger. The character, once sleek and agile, is so absorbed in degen trades that he abandons the initial figure of his youth for a diet of chips and tinned tuna.

According to Crypto Boy, a prominent crypto analyst and Youtuber, SEAL has the potential to soar 100X after its launch.

To participate in the presale, you can visit the official website to buy SEAL tokens here. One $SEAL costs $0.022.

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