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The Wall Street Memes price surged over 18% in the past 24 hours to trade at $0.007873 as of 7:50 a.m. EST as investors rush to buy the meme coin.
The WSM pump comes after Keith Gill, also known as Roaring Kitty, broke his nearly 3-year silence online with a cryptic X post. Known for his role in the GameStop and meme stock craze between 2020 and 2021, Gill’s reappearance online has ignited hopes of a GameStop 2.0 and subsequent meme coin rally.
— Roaring Kitty (@TheRoaringKitty) May 13, 2024
Shares for GameStop Corp (NYSE: GME) also pumped over 60% in the last 24 hours as a result.
The Wall Street Memes Price Attempting To Exit Its Consolidation Phase
Daily chart for WSM/USD (Source: GeckoTerminal)
The Wall Street Memes price has been in a consolidation channel between $0.005157 and $0.009435 over the past week. This seems to have been an accumulation phase, as bulls are now attempting to push the meme coin above this sideways channel.
Breaking past $0.009435 within the next 48 hours could be identified as a long entry by traders. With this potential influx of buy orders, the Wall Street Memes price could then enter a strong bullish move.
WSM might rise to as high as $0.012468 in the following couple of days as a result. Continued buy pressure if the Wall Street Memes price reaches this point could lead to the altcoin soaring to the subsequent resistance level at $0.016224 in the short term.
The bullish thesis might be invalidated if the Wall Street Memes price is rejected by the $0.009435 barrier in the coming few days. WSM could then continue to oscillate in its current sideways channel in this alternative scenario.
The Wall Street Memes Price Preparing For A Possible Explosion
Technical indicators on WSM’s daily chart suggest the Wall Street Memes price might be gearing up for an explosion. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators hint at an upcoming surge.
Over the past 24 hours, the MACD line has started to break away above the MACD Signal line on the daily chart. Traders usually see this as a sign that a crypto is in a positive cycle, and its bullish momentum is beginning to grow stronger.
Along with the intensifying bullish momentum, buyers seem to be building strength against sellers as well. This is evident by the positive slope of the RSI line. What’s more, the indicator’s current reading of 54 suggests that WSM still has room to climb before it reaches overbought territory.
Given the bullish technical flags present on the WSM’s daily chart, the Wall Street Memes price could soon break out of its consolidation channel. It will then have a solid foundation to rise off from in the following few days if bulls choose to capitalize on the opportunity.
Newly-launched meme coins are also benefitting, among them presales like that for the multi-chain Dogecoin derivative Dogeverse.
A Meme Coin With Unmatched Utility
Dogeverse (DOGEVERSE) is the first meme coin to be deployed to more than one blockchain network. Residing on popular networks including Solana, BNB Chain, Ethereum, Polygon, Avalanche, and Base, the meme coin gives its investors the ability to participate in DeFi protocols on some of the most liquid and active networks.
Given its appeal to enthusiastic meme coin investors, who are renowned for pumping a crypto’s price, and its unprecedented levels of utility, it is no wonder an analyst from the Crypto News YouTube channel predicted DOGEVERSE could 100X on launch.
Until the meme coin surges to these predicted heights, presale investors can stake their tokens for a competitive APY of 57%. This means that investors won’t need to rely solely on DOGEVERSE’s speculative growth potential to start building the value of their holdings.
Offering Investors One Last Chance To Buy
Dogeverse has performed phenomenally well throughout its presale phase over the past few weeks, with investors sending more than $15 million to the ICO.
Discover Speed & Savings with $DOGEVERSE #MultiChain! ⏱️💸#DOGEVERSE is designed to optimize both costs & transaction speeds across various blockchains 💯
By leveraging advanced tech and strategic chain selection, we minimize fees and maximize speeds 🏆#AltSeason #BabyDoge pic.twitter.com/jfCvtA9AVW
— DogeVerse (@The_DogeVerse) May 2, 2024
The project’s team is now offering anyone looking to buy the meme coin at this early stage one last opportunity to buy before launch.
To acquire the token, investors can utilize the simple buy widget embedded on the project’s website. Selling for $0.00031, DOGEVERSE can be bought using either BASE, AVAX, BNB, ETH, MATIC or SOL. USDT and bank cards can also be used.
Purchase DOGEVERSE for possible 100X gains here before its launch.
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