$HABIBI & $HARAM Tokens Surge on DEXTools as Meme Coin Mania Defies US Government Regulation: Will $WSM be the Next to Soar?

A new trend has emerged in the meme coin crypto section, where PEPE leads the broad crypto market’s recovery with a 15% gain over the past 24 hours.

Also, meme coins are in the full-swing season after a b rief slowdown in trading. It appears traders are now anticipating the profitable prospects of trading meme tokens. Despite the SEC’s actions against Binance and Coinbase, many meme tokens with significantly smaller capitalization are still surging.

In the last 24 hours, the Arabic-inspired meme tokens, $HABIBI, and $HARAM, have led the ‘hot pairs’ on DEXTools while pumping heavily simultaneously.

These price moves pose an ideal opportunity for investors to invest in the coins, but they must also research more before making investment decisions. Meanwhile, fundamental and technical analysis of the coins can help hint at what to expect.

$HABIBI Explodes: Technical Analysis on DEXTools

The HABIBI/WETH trading pair has only been active since yesterday evening, and it’s already trading today, June 7, with a 250% increase on DEXTools at the time of writing.

As of June 6, the initial hype resulted in an all-time high of $0.0000008094. However, today, the price of the meme coin is $0.0000005892. Also, recent events have been positive following the declining trend. As such, there could be another bullish trend on the tokens’ price records.

HABIBI’s Moving Average Convergence/Divergence (MACD) indicator is above the signal line, representing the market’s bullish sentiment.

According to 50-Day Simple Moving Average (SMA) indicator, $HABIBI is also on a bullish trend as the price is above the indicator. Thus, it’s prone to more BUY trades in the short term.

Furthermore, the Relative Strength Index (RSI) indicator is at 61.67, showing a neutral market position for the coin as the value sits between 30 (oversold zone) and 70 (overbought zone).

If the RSI drops below 30 (oversold), then $HABIBI will face a trend reversal, possibly losing its value in no time. Meanwhile, considering the RSI’s current position, the token is prone to more price rallies in the long run.

Moreover, Etherscan statistics indicate that over 2,000 $HABIBI holders are now. The buzz is just getting started. The coin could gain more community growth and experience a dramatic surge in no time following increased demand.

$HARAM’s Price Analysis on DEXTools

HARAM’s history appears much more explosive, considering its noticeably low volume of $135,000. It has increased by over 300% in the past day, indicating a high-potential price growth for the token.

Today, June 7, 2023, $HARAM trades at $0.00000000009531 with a 0.34% price increase at the time of writing. According to technical indicators on DEXTools, the 50-Day Simple Moving Average (SMA) is above $HARAM’s price, indicating a short-term bearish sentiment.

Also, it’s Moving Average Convergence/Divergence (MACD) is below the signal line, confirming the dip in $HARAM’s price today. Moreover, the Relative Strength Index (RSI) is at 100, an overbought market position for $HARAM (above 70). This shows the increased BUY trades on the token market. 

If the selling momentum commences, the RSI could drop and send the market to a neutral position or the oversold region (below 30)

However, HARAM is still above its 200-Day SMA, indicating a long-term bullish coin market. As such, it’s likely to see more gains in the coming weeks. Considering the low market cap of $HABIBI and $HARAM, they will likely be 10x or 100x in the future.

Nevertheless, an alternative project that investors can consider while anticipating the potential growth of the Arabic meme coins is the Wall Street Memes (WSM) coin.

Why Consider Wall Street Memes (WSM)

Wall Street Memes (WSM) is a brand-new meme token in the crypto market that could spike significantly in the future. Considering its objective, it could become more sustainable, attracting more meme lovers to its community.

Wall Street Memes has a strong brand presence and over 1 million fanbases across its social networks, activating the spirit of Wall Street bets and the entrant of minimal investors into the financial world.

In support of a unique vision of building an active community, Wall Street Memes gears its tokenomics toward its community, reducing the risk of insider dumps and rug-pulls risks in the future.

Furthermore, the distinctive community can potentially contribute to WSM’s long-term, positive price growth. Early investors and traders will be entitled to 10x to 100x potential in the project’s listing on exchanges.

Also, considering Wall Street Memes presale so far, which has raised over $5 million in 10 days, the project has a strong, optimistic, and supportive community. As such, Wall Street Memes project could be an ideal project in the crypto space over time.

$WSM Meme Coin Presale Success So Far

Wall Street Memes is offering its native utility token, $WSM, in presale at a discount price that increases after a few days, following new stages in the process.

Today, the $WSM token changed hands at $0.0277 and will increase to $0.028 in the next presale stage. So far, the tokens presale has raised over $4.9 million, indicating investors’ high level of interest in the project. Considering how fast the tokens sell out, the presale could reach a $5 million milestone before the next presale stage.

Meanwhile, Wall Street Memes (WSM) is set to list on exchanges at $0.0337 and could spike after its Tier 1 Centralized Exchange (CEX) listings, as shown in the project’s roadmap.

Also, considering the support and tweets from the popular meme coin lover Elon Musk, Wall Street Memes could be a leading community in the meme crypto space.

Interested investors can buy $WSM now with their BNB, USDT, ETH, or bank card. They can simply navigate to the token’s presale site, connect their crypto wallet, and swap their preferred balance for $WSM.