Wall Street Memes Price Prediction as Meme Coin Gets Added Casino Boost

Updated: 19 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.

Join Our Telegram channel to stay up to date on breaking news coverage

Wall Street Memes’ potential is generating optimism among crypto analysts and traders.

This sentiment is shared by investors like Jacob Bury, who committed $10,000, and No Bs Crypto, who invested $1,000.

Wall Street Memes recently executed a $1 million buyback of $WSM tokens. The project acquired tokens worth $1 million and then transferred them to the rewards wallet to bolster community incentives. These buybacks resulted in heightened short-term buying pressure in the market.

Can Wall Street Memes Price Break Above the Falling Wedge?

The WSM token is trading at $0.021 as of 10:51 a.m. EST, reflecting a 16% decline within 24 hours. On the bright side, the trading volume for the day has increased by 10%, reaching $19.18 million.

Additionally, there is a ray of hope for bullish traders in the presence of a falling wedge pattern, suggesting a potential turnaround toward a bullish trend.

WSM has experienced a decline, moving further away from the $0.05 resistance level, erasing most of the gains achieved by the bulls. However, there has been a rejection near the $0.019 support zone, allowing the bulls to regroup and attempt to push the price higher. If they can gather the necessary strength, they can surpass the upper boundary of the falling wedge pattern, potentially reaching new highs.

The bulls may encounter obstacles as the 50-day and 200-day moving averages are higher than the current price, serving as immediate resistance levels for WSM. This situation is contributing to the coin’s downward trend.

In addition, the relative strength index (RSI) shows signs of a rebound, moving from the 50 level and trending upward at 68, approaching the overbought region of 70. This suggests that there is significant buying pressure on the price of WSM.

Price Prediction for WSM Price

The price of Wall Street Memes is currently influenced by a bearish trend, allowing the bears to exert downward pressure on the price, potentially leading to further losses. The moving averages support this downward movement, suggesting that the bears might have their sights set on the $0.0166 support level.

On the flip side, the bulls remain watchful and may attempt to push the price upwards, with their target being the upper limit of the descending wedge pattern and reaching the $0.045 price target.

In the meantime, investors in WSM may want to explore the option of participating in the TG Casino presale, offering an appealing play-to-earn feature that holds the potential for significant passive income returns.

In the meantime, TG.Casino is revolutionizing the casino landscape by introducing a platform that requires zero Know Your Client (KYC) to gamble. Investors who know that money and opportunities lie in gambling are jumping into this project.

TG.Casino Raises Over $1.2 Million

TG.Casino has achieved something remarkable, raising over $1.2 million in just two weeks. What makes TG.Casino stands out is its innovative concept as the world’s first Telegram Casino.

Unlike typical online casinos that require extensive verification, TG.Casino operates seamlessly within the Telegram app, eliminating the need for cumbersome Know Your Client (KYC). This accessibility has resonated with a wide audience, leading to strong investor interest.

💰💰💰 pic.twitter.com/YL83p1qWlj

— TG Casino (@TGCasino_) October 15, 2023

Powered by the Ethereum blockchain and utilizing the ERC-20 standard, TG.Casino has 100 million tokens in circulation. These tokens have diverse roles within the platform: 40% go to early investors during the presale, 20% go to support the liquidity pool, another 20% are allocated for staking, 10% for rewarding players, 5% are allocated to marketing efforts, and 5% to affiliates.

The tokens also serve various functions, like enabling users to engage in games, access exclusive features, stake for rewards, and facilitate seamless reward distribution and exchanges.

Additionally, the team behind TG.Casino has placed importance on security and strict adherence to cryptocurrency regulations. They routinely conduct audits and secure the liquidity pool to instill investor confidence in anticipation of the network’s launch.

Earn Passive Income, High APY 402%

One of the most enticing aspects of TG.Casino is the opportunity for passive income, offering an impressive Annual Percentage Yield (APY) of 402.05% through staking.

Early investors can benefit from this high APY rate, but these rates will decrease as the project progresses. So, it’s essential to act quickly.

By staking $TGC, investors contribute to the token’s stability and foster community loyalty and unlock the potential to earn passive income, making participation in the ecosystem even more appealing.

Renowned cryptocurrency trader and popular YouTuber Alessandro De Crypto has reviewed the project, highlighting the pivotal role of hype in driving its success.

https://youtu.be/2_qjQmqU2Cc?si=oGPwHDq4CQH3Jcn4

To purchase TGC, visit the TG.Casino official website, connect your preferred web3 wallet, and perform a swap using ETH or USDT on the Ethereum Network or BNB or USDT on the BSC Network.