Dork Lord (DORKL) Price Prediction: Will DORKL's Dark Magic Spell 10% Boost?

Dork Lord (DORKL) Price Prediction: Will DORKL’s Dark Magic Spell 10% Boost?

Updated: 11 September 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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Dork Lord (DORK) is one of the top performers today, with an 85% gain in the last 24 hours. At the time of writing, the meme coin was trading at $0.00585.

While the broader cryptocurrency market, especially top-ten coins, has been consolidating for weeks, DORKL’s volatility has increased significantly.

DORKL posted an all-time high of $0.0213 on September 7, but it has since dropped by 72% from these levels. The gains at the time triggered a wave of selling activity, and by September 10, DORKL had again dropped to a record low of $0.00257.

DORKL is a highly speculative token, which explains the volatility witnessed in recent weeks. While the recent gains are iconic, there is still a likelihood that more price dips could be on the way as profit-takers exit their positions.

The recent gains have seen DORKL garner much interest across Crypto Twitter, and it has been trending on the platform. Increased social activity around a token usually translates to strong price movements.

$DORKL @X. pic.twitter.com/FLewXkjQkz

— ᗪOᖇK ᒪOᖇᗪ (@DorkLordToken) September 11, 2023

DORKL Bullish After 85% Gain

DORKL is bullish today after posting significant price gains. FOMO is driving the bullish momentum, and if more buyers jump in now looking to scoop profits, further gains will likely be created.

The bullish momentum appears to face resistance at the $0.00801 level. If bulls push the price past this level, the rally will likely soar to $0.012.

DORKL trading volumes have increased by 60% in the last 24 hours to $7.99 million, which is also a bullish indicator. If buyers are behind these volumes, more gains will be reported in the short term.

DORKL has a Relative Strength Index of 52, which points to buyer momentum. However, the buying pressure is weak, and the RSI is tipping south, signaling weak bullish pressure and a possibility of sellers entering the market.

On the other hand, DORKL’s Moving Average Convergence Divergence (MACD) line is moving north. Its histogram bars are also green and positive, proving that bulls are in charge of the price action.

Wall Street Memes Sees Impressive Presale With Over $25M Raised

The Wall Street Memes crypto presale started on May 26, and only 15 days are left before the event closes. The presale is in its final stage, with 1 WSM trading at $0.0337.

The total raised from this presale is around $25 million, with investors now rushing to secure their tokens before the presale ends. The presale is slated to close by the end of the month, after which WSM will list on tier-1 exchanges.

Wall Street Memes has vast community support. WSM seeks to tokenize the movement, with the entire 2 billion supply going towards the community. 50% of this supply was set aside for the presale. 30% towards community rewards, while 20% of the supply went towards liquidity.

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