Wall Street Memes Price Prediction: Amid Internet Buzz, Will WSM Price Double, or Should Investors Eye the Next Big Presale?

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The Wall Street Memes (WSM) price is trading with a bullish bias on the three-hour timeframe. This is after breaking out from a bearish technical formation and pattern. The meme coin is up 30% in the last two days and 25% in the last 24 hours. Based on CoinMarketCap data, trading volume is up 25% over the same timeframe, showing investors continued their enthusiasm about WSM even after the presale.

Wall Street Memes Still Trending Weeks After Listing

During its presale stage, Wall Street Memes hit its $25 million target ahead of time. This came with a massive followership surpassing the one million mark and a remarkable number of impressions per day, beyond 40 million.

Even after going live on tier-one exchanges such as OKX, Gate.io, MEXC, CoinEX, and BitMEX, among others, Wall Street Memes remains a trending topic and a formidable contender in the meme coin ecosystem. Boasting almost 300K followers on X, the number of impressions continues to peak.

The project has a short squeeze challenge due October 11 at 18:00 UTC, with leveraged markets available on OKX, MEXC, LBank, and CoinW exchanges.

https://twitter.com/wallstmemes/status/1712027183726608512

On another note, the project’s $1 million buy-back program will be completed when the short squeeze commences.

https://twitter.com/wallstmemes/status/1711766560874840302

The buyback has been a bullish fundamental, reducing the market’s circulating supply of WSM tokens. Token holders also enjoy the staking function with Annual Percentage Yields (APY) as high as 42%.

Up To 42% APY Available 🔥

Buy & Stake Now ➡️ https://t.co/4okQtAwoCP pic.twitter.com/tors0j9DID

— Wall Street Memes (@wallstmemes) October 10, 2023

Wall Street Memes Price Outlook

Wall Street Memes price remains bullish despite the rejection from the $0.05160. The token enjoys robust support downward due to the 100- and 50-day Exponential Moving Averages (EMA) at $0.04608 and $0.04338 levels, respectively.

The position of the Relative Strength Index (RSI) indicator at 62 shows bulls are still leading the market. After testing the 71 levels, its rejection came amid solid buying pressure, as WSM was overbought. However, the odds still favor the upside if the RSI remains above 50. The Awesome Oscillator (AO) indicator also favors this outlook, with its position in the positive territory suggesting bulls have the upper hand.

With these, increased buying pressure could see Wall Street Memes price break past the immediate hurdle at $0.05160. In a highly bullish case, the gains could extend for WSM to shatter the range high at $0.05604, a crucial barricade having capped several equal highs on the H3 chart below. Breaching this roadblock would bring the $0.06000 psychological level in sight, with the potential for the meme coin to reclaim the late September highs above the $0.07000 psychological level. Such a move would constitute a climb of at least 50% from current levels.

WSM price — TradingView: WSM/USDT 3-hour chart

On the flip side, with WSM’s internet buzz still on, token holders may want to cash in for early profit before the hype subsides. Ideally, this would be the investors that bought WSM below the $0.04000 market value. The ensuing selling pressure could see Wall Street Memes price fall back into the grasp of the descending parallel channel at the $0.03503 level.

In the dire case, the slump could see Wall Street Memes price tag the channel’s midline at the psychological $0.03000 level.

Meanwhile, another coin, MK, is worthy of your attention, having taken the market by storm. It has proven to be a formidable contender in the meme coin market, rivaling against the frog sensation Pepe.

WSM Alternative

MK is the latest meme coin euphoria, the powering token behind the Meme Kombat ecosystem. The Meme Kombat project premiered on September 25, but the nascent stage has not limited its upside potential. For one, the number of followers on Crypto X has breached the 7K mark, a feat that most projects struggle to achieve. This points to social dominance. Secondly, its presale is recording remarkable strides, recording more than $453,000 as of the time of writing. Notably, this is almost 50% of the soft cap target, meaning the window is closing fast for investors looking to buy into the project early.

Interestingly, once you buy MK, you do not have to wait until the presale ends before your holdings add value. Thanks to the staking function, you can get up to 112% in Annual Percentage Yields (APY).

A review by Crypto YouTube Channel LecksMoney revealed several key insights about the gaming platform, hailing MK as the best crypto presales to buy right now.

Meme Kombat Ecosystem Adjusts Project Tokenomics

In recent events, the Meme Kombat ecosystem has decided to adjust project tokenomics, increasing the token supply 10fold to 120 million MK tokens.

🚨 PRESALE UPDATE 🚨

The team at #MemeKombat are making a minor, yet noticable change to our tokenomics for $MK. We are increasing the total supply by a factor of 10. The new token supply will be 120m $MK tokens 📈

So what does this mean for everyone?

— Meme Kombat (@Meme_Kombat) October 10, 2023

Based on the announcement, the adjustment was driven by the need to achieve greater flexibility with tokenomics. Notably, the change will not affect MK holders owning to the budding stage of the project.

❓ Why did we do this? The reason is simple, it provides greater flexibility with tokenomics and we are in a fortunate situation that we can make this change now with zero impact to our holders 🥷

— Meme Kombat (@Meme_Kombat) October 10, 2023

Investors looking to buy MK at the early presale stage should head to the website, where you can purchase the tokens using Ethereum (ETH) or Tether (USDT).

Visit Meme Kombat here