Wall Street Memes Price Prediction: WSM Pumps Almost 7% As This New Meme Coin Challenger Closes On $1.5 Million In Presale

BySteven Walgenbach

Updated: 09 November 2023

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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The Wall Street Memes price jumped more than 6% over the past 24 hours to trade at $0.0236 as of 7:55 am EST as investors flock to accumulate the altcoin.

This gain throughout the last trading day was enough to resurrect the cryptocurrency’s weekly performance and boost it to above +1%. Bitcoin (BTC), the market leader, was also outperformed nearly 2% by Wall Street Memes.

Wall Street Memes Price Likely To Soar To $0.03095

4-hour chart for the Wall Street Memes price (Source: TradingView)

The Wall Street Memes price may be gearing up for a substantial move to the upside as an ascending triangle has emerged on the altcoin’s 4-hour chart. This bullish chart pattern suggests the WSM price may overcome the $0.02405 barrier in the next 24-48 hours.

Foundation Needed For Wall Street Memes Price To Surge

A 4-hour candle close above the major $0.02405 resistance level within the next two days will give the Wall Street Memes price a strong foundation from which to launch. This could thrust the cryptocurrency’s value to the subsequent threshold at $0.02720 over the following days. Bulls may then unite to boost this potential positive momentum, which could lead to the WSM price making light of the $0.02720 resistance and possibly continue climbing to $0.03095 in the short term.

Supporting this bullish thesis was a noteworthy technical flag on the verge of being triggered on the cryptocurrency’s 4-hour chart. There may be a positive shift in momentum for the WSM price, as the 20 Exponential Moving Average (EMA) line was closing in on the 50 EMA line. Should these two technical indicators cross, it could signal that medium-term momentum has shifted in favor of buyers. This could lead to the Wall Street Memes price rising in the following days.

Wall Street Memes Price May Retrace Before the Next Leg Up

This bullish thesis could be invalidated if the WSM price closes a candle below the 50 EMA line on its 4-hour chart. In this less optimistic scenario, the altcoin’s price could pull back to the immediate support level at $0.02235 in the next 24-48 hours. Despite the potential threat of a correction, the Wall Street Memes price could still surge in the coming week as long as it can stay above $0.02235.

While the Wall Street Memes price readies itself for a bullish breakout, investors may want to buy into another altcoin before it lists. Along with Wall Street Memes, investors and traders may also want to add Meme Kombat to their wallets, given its 20X potential.

Next Gem To Enter The Cryptocurrency Space

We did it fighters!

The $1.3 million milestone did not last long in kombat⚔️ pic.twitter.com/S9uxItETaT

— Meme Kombat (@Meme_Kombat) November 8, 2023

Meme Kombat is a promising meme-inspired gaming platform that is pulling in investments from all over the globe. The project has already raised more than $1.4 million and is quickly approaching its fundraising milestone of $1.5 million.

2X Rewards Paired With Potential 20X Return

Together with the potential for substantial gains, Meme Kombat is also currently offering presale buyers an incredible Annual Percentage Yield (APY) of 112%. To get in on the high staking yield on offer, investors only need to purchase the project’s native token, MK, through its presale. Once purchased, the tokens will automatically be staked.

We're going places fighters!

The arena is places⚔️ 🏟️ $MK pic.twitter.com/Q7eSIo8e5s

— Meme Kombat (@Meme_Kombat) November 9, 2023

Given the vibrant meme coin community and the rapidly growing meme coin sector, Meme Kombat is perfectly placed to generate 20X returns for investors who purchase MK in its presale.

Selling for just $0.183, MK can be purchased using either Ether (ETH) or Tether (USDT). However, investors will want to act fast as the token’s price is set to increase to $0.189 very soon.