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Wen Price Prediction: Solana Meme Coin WEN Pumps 48% On Token Airdrop Euphoria As This GameFi Upstart Closes On $8 Million

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Wen price
Wen price

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The Wen price surged 48% in the last 24 hours to trade for $0.0001481 as of 2:45 a.m. EST time, with trading volume soaring 73%.

WEN is a Solana-based meme coin, with the latest surge seeing the altcoin surpass Shiba Inu (SHIB) on metrics of daily trading volume.

The surge in the Wen price comes amid airdrop euphoria, with the Solana ecosystem making headlines. This concerns the WEN meme coin drop with a target objective of reaching over a million wallets.

Reports suggest that the airdrop strategy was part of a bigger plan to expand the ecosystem and includes Jupiter’s performance. Notably, Jupiter is a decentralized exchange (DEX).

Wen Price Outlook Amid Airdrop Euphoria

Amid airdrop-related hype, the Wen price remains bullish, evidenced by the Parabolic Stop and Reverse (SAR) indicator trailing WEN from below. For as long as this price-tracking indicator trails an asset from below, the asset is bullish. Such is the case for the Wen price, with the Parabolic SAR indicator providing support at $0.0001160.

The position of the Relative Strength Index (RSI) at 65 also points to a strong price strength, while also suggesting there is more room north before WEN is considered overbought.

Increased buying pressure above current levels could see the Wen price extend the gains to clear the immediate resistance at $0.0001606. Further north, the gains could extend to the range high at $0.0001748, or in a highly bullish case, extend a neck high to tag the $0.0001800 psychological level. Such a move would constitute a 25% climb above current levels.

TradingView: WEN/USD 2-hour chart

However, the horizontal move of the RSI, coupled with the subdued and southbound inclination of the Moving Average Convergence Divergence (MACD) tilts the odds in favor of the bears. If profit booking extends, the Wen price could lose the immediate support at $0.0001370. In the dire case, the load-shedding exercise could extend for the Wen price to revisit the $0.00009202 support level. This would denote a 35% fall below current levels.

Even as the Wen price works out its next directional bias with airdrop-related hyped phasing out, investor attention has turned to MK, one of analysts’ top choices for meme coins to invest in.

Analysts are ranking it among the two hidden meme coins gems, right next to Sponge V2.

Promising Alternative To WEN

MK is the native crypto for the Meme Kombat ecosystem, a GameFi project advertised as “an innovative new gaming platform designed for gaming enthusiasts.” This innovative platform introduces distinctive features, including active betting and passive staking, providing diverse avenues for earning rewards, especially appealing to dedicated gamers.

The Meme Kombat ecosystem gives MK token holders a chance to battle out their issues in the arena, represented by meme characters of their choice. Selection can be based on mere preference or the betting odds.

The project has a competition running, with up to 300 USDT prize money for anyone who shows ”dank” meme skills.

Meanwhile, Meme Kombat’s MK tokens are available for purchase in the presale stage. So far, collections have reached $7.6 million as it surges towards its $8 million target objective. The presale started in September 2023 and is now growing into a major player in the meme coin sector. It has attracted attention from both the crypto community and analysts.

Investors looking to buy MK can do so on the official website, where each MK token is selling for $0.279.

Visit Meme Kombat website to buy MK here.

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