Wall Street Memes Outlook: WSM Takes the Crypto World by Storm

Updated: 04 October 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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In just six days since being listed on OKX, Wall Street Memes ($WSM) has become the fourth most traded meme coin in global crypto markets, boasting nearly $60 million in trading volume.

This puts it in the company of meme coin legends such as $79 million for Pepe, $103 million for Shiba Inu, and $222 million for Dogecoin.

WSM provides investors the opportunity to buy the dip as bulls pause before the next upward push.

$WSM is trading at $0.052 as of 9:20 a.m. EST, reflecting a 3.1% increase in the last 24 hours.

Wall Street Memes Poised for 1000x Growth Potential

The probability of a price breakout is rising. According to the prominent crypto analyst Jake Gagain, with 220,000 followers on X (formerly Twitter), $WSM could become the next 1000x gem.

https://twitter.com/JakeGagain/status/1708820667540320528?s=20

$WSM has reached an all-time high (ATH) of $0.076. With liquidity pouring into its trading pairs across spot and futures markets, it is anticipated that a challenge to this ATH will occur soon.

With the speculation of future exchange listings for $WSM, including Binance or Kucoin, Wall Street Memes’ trading volume continues to rise. It’s important to highlight that this is the key metric attracting the attention of exchanges looking to list new coins.

Presale buyers who secured the lowest available price of $0.0337 enjoy a 140% gain, nearly 2.5 times their initial investment. The following price target for the bulls is $0.10 as momentum builds to eliminate a zero from the price.

Wall Street Memes Price Analysis: Price Signals a Rebound on $0.05 Support

Wall Street Memes has encountered a resistance barrier at its all-time high of $0.076, resulting in a sideways movement. Bears exploited this situation, leading to a drop in the price to the support level of $0.04, which coincided with its listing price when it launched on tier-one exchanges on September 26.

The relative strength index (RSI) supports this analysis, which is currently trading downwards at 41, approaching the oversold region of 30. This suggests ongoing intense selling pressure, although it might be short-lived.

WSM has solidified intense support levels between $0.050 and $0.040. A double-bottom pattern has also discouraged profit-taking bears around the $0.04 level.

While the ascent to $0.065 briefly encountered resistance, it reflects the determination of traders and signifies a pivotal resistance level for the bulls.

Moreover, the 50-day simple moving average is presently providing support for the price and has the potential to propel it above this critical resistance point.

Meanwhile, WSM investors can also consider participating in the TG Casino presale, which has an enticing play-to-earn feature promising substantial passive income returns.

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TG.Casino (TGC) is the next generation of Web3 GambleFi products, introducing a crucial new ingredient – the ease of use provided by Telegram automation.

The project aims to replicate the success of fellow Telegram-powered web3 platform Unibot, which made advanced crypto trading strategies accessible to Telegram’s 700 million monthly users.

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The TG.Casino (TGC) presale has achieved a significant milestone by rapidly raising $386,562 in investment funds. This translates to 36.95% of its $1 million goal, demonstrating investors’ confidence in the project.

The team’s goal for the presale is to raise $5 million, which will likely surpass this target.

TGC Tokenomics represents a significant strength for the project. Unlike some projects that allocate a substantial portion of tokens to the team, $TGC has devoted 40% to the presale.

Another 20% is earmarked for staking efforts, 10% for marketing initiatives, and 20% contributes to liquidity pools. This transparent and fair distribution method has generated substantial excitement within the crypto community.

As an early investor, you can enjoy an impressive annual percentage yield (APY) of up to 4,660%. However, it’s essential to note that the APY will decrease as the presale progresses, emphasizing the importance of early involvement.

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TGC’s buyback system is divided into two categories: 40% of the acquired tokens will be burned, while the remaining 60% will be used to reward investors.

Crypto Boy, a YouTuber with over 21,000 subscribers, made a review of the TGC, explaining how to buy and invest in the presale phase.