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The Wen price rose 13% in the last 24 hours to trade at $0.0002116 as of 02:47 a.m. EST on trading volume that surged 71% to $52 million.
This comes as the meme coin sector’s market capitalization makes a comeback, rising 6% to $48 billion.
Wen Price Signals Another Rally Above
Since the end of March, Wen’s price has steadily declined, following a descending wedge pattern until it reached support around $0.0001776.
Bulls appear to be leveraging this support to drive the price upward, with indications of touching the upper boundary of the wedge as they seek to propel WEN to greater heights.
Moreover, WEN is currently trading above its 50-day Simple Moving Average (SMA), affirming the bullish momentum. A potential breakout at the $0.0001776 level could see WEN surging past the 200-day SMA at $0.00029, further amplifying its price trajectory.
The Relative Strength Index (RSI) is also rebounding from below the 50-midline level, headed for the 70-overbought region at 56, indicating intense buying pressure.
Additionally, the Moving Average Convergence Divergence (MACD) is also bullish, with the MACD line (blue) crossing over the orange signal line, indicating a bullish crossover. Most often, a bullish crossover calls on the bulls to add to their positions, which could push the price even higher.
The green bars on the histogram also extend above the neutral line, showing that WEN is currently on positive momentum.
Wen Price Prediction
The Wen price bullish momentum is strong, having crossed the lower boundary of the falling wedge pattern, as it targets to breach the upper boundary for the upside, aiming for $0.00050.
With the RSI and the MACD showing a positive trend to signal bullish sentiments, WEN is poised for even higher price targets.
Conversely, if the bears take advantage of the death cross at $0.0003262, they could push the price down to the next support level around $0.0001613.
Meanwhile, as the WEN price soars, investors are also buying one of its best alternatives, Smog, which analysts believe could still soar 100X as it prepares to add another top-tier exchange listing.
Smog: The Best Meme Coin To Buy Now?
Solana meme coins continue to be all the rage. Smog (SMOG) is one of the latest players to rise in the space, having surged 87% since launch in February to hit a market cap of $71 million.
One #Memecoin to rule them all! 🚀
Get ready for the greatest #Airdrop in history, distributed on #Solana. 💰
Join #SMOG on Zealy! 🔥
Link in Bio 🔗 pic.twitter.com/vsn4p5cSF4
— SMOG (@SMOGToken) February 8, 2024
After securing its first listing on MEXC on April 4, investors are now excited for even more gains. The listing gave investors easier access to the token, and there are now rumors from the team of another incoming listing on another major exchange soon.
We're thrilled to announce that the @SMOGToken Kickstarter has concluded and $SMOG will be listed on #MEXC!
🔹Deposit: Opened
🔹SMOG/USDT Trading in the Innovation Zone: 2024-04-04 09:00 (UTC)Details: https://t.co/3ecyvrTv2n pic.twitter.com/kvgoFiYOib
— MEXC (@MEXC_Official) April 4, 2024
Smog promises the largest-ever airdrop in the Solana ecosystem. The first season of the airdrop ended on April 3, with the team rewarding users with $1 million worth of free tokens.
Season 2 of the token’s airdrop is now underway, with the development team emphasizing the giving of rewards for on-chain and trading activity.
The token boasts over 119K holders, and has over 10.7 million quests completed on Zealy.
You also have the opportunity to earn passively by staking $SMOG for an annual percentage yield (APY) of 42%.
Buy or stake your ERC-20 $SMOG #Tokens through our platform. 💰🐉
Staked tokens are securely locked for 90 days, with rewards available for withdrawal at your convenience. 🔒💸
Every token purchased via our service is automatically staked for you. 🔄
— SMOG (@SMOGToken) February 22, 2024
Jacob Bury, a popular crypto YouTuber, says that Smog has the potential to soar 100X on launch.
With another exchange listing likely soon, now might be an opportune moment to grab tokens before they become even more widely available.
The best place to buy Smog tokens is on its official website here, where there is a 10% discount while the offer lasts.
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