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The Wen price has surged 20% in the last 24 hours and 141% in a week to trade at $0.0001038 as of 6.15 p.m. EST.
This surge comes amid a strong rally in the crypto market overall with the S&P Cryptocurrency Broad Digital Market Index soaring 21% so far this month.
Wen Price Signals A Bull Rally Above The Cup And Handle Pattern
WENUSDT Analysis by Tradingview
The Wen price is currently on an uptrend after it broke out of a consolidation phase formed around $0.00004. It trades the cup and handle pattern, which supports the anticipated bull rally, signalling for traders to prepare to add more buy positions.
The technical indicators are generally bullish, with the 50-day simple moving average (SMA) providing immediate price support below the handle part of the pattern, giving the bulls the launchpad to fly higher prices.
The Relative Strength Index (RSI) indicates a rebound on the 50 midline level, trending at 61 towards the overbought level of 70. This indicates intense buying pressure for the Wen price.
The MACD trades above the neutral position, with the blue line crossing the orange signal line. Although still negative, the histogram shows positive bars as it approaches the neutral position. A positive bar above the neutral position should confirm the anticipated bull rally ahead.
Wen Price Targets New High At $0.0002131
The bulls could be taking advantage of the cup and handle pattern, which signals an opportunity for a continued bull rally despite the short-term correction by the bears, leading to the formation of the handle part of the pattern. Because of this, Wen bulls aim to push the price to a new high at $0.0002131 in the coming weeks, accounting for a 65% increase from its current price.
Meanwhile, as Wen traders await a new entry position, the new meme coin SMOG has erupted onto the crypto scene. SMOG promises the greatest Solana-based airdrop of all time as it surges into the ranks of the top 20 largest meme coins with a market cap of $67 million.
Smog: Solana’s Newest Meme Coin Rises Into The Top 20 Ranks
Smog is the latest Solana meme coin to challenge the likes of Bonk, Myro and Dogwifhat.
The token leads the charge with the banner “No meme coin can survive the fiery flames of SMOG,” granting holders access to an expert crypto community dubbed ‘The Dragon’s Court’. This is part of a greater goal to unlock unstoppable virality in the meme coin space.
The Biggest Airdrop Ever
There also are market rumors that Smog is planning listings that may be announced as early as next week on exchanges that may include BuyBit, Gate.io and KuCoin.
It’s also going to unleash an airdrop that it says will be the ”Greatest in History.” While few details have been announced, it is allocating 35% of the 1.4 billion token supply for the forthcoming airdrop.
To qualify for the airdrop, you must buy and hold $SMOG tokens in your wallet. This will earn you airdrop points. You could also make more points by completing Zealy quests, including daily, weekly, and monthly tasks.
One #Memecoin to rule them all! 🚀
Get ready for the greatest #Airdrop in history, distributed on #Solana. 💰
Join #SMOG on Zealy! 🔥
Link in Bio 🔗 pic.twitter.com/vsn4p5cSF4
— SMOG (@SMOGToken) February 8, 2024
To buy SMOG token, you’ll need a wallet like Phantom or Solflare. Connect your wallet to Jupiter, the biggest platform on Solana, and swap your USDC, USDT, or SOL to make the purchase.
Visit and buy Smog on the official website here.
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