{"id":471455,"date":"2024-01-11T12:53:42","date_gmt":"2024-01-11T12:53:42","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=471455"},"modified":"2024-01-11T12:53:42","modified_gmt":"2024-01-11T12:53:42","slug":"wall-street-memes-price-prediction-wsm-surges-17-as-analyst-says-this-new-competitor-might-100x-again","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/wall-street-memes-price-prediction-wsm-surges-17-as-analyst-says-this-new-competitor-might-100x-again","title":{"rendered":"Wall Street Memes Price Prediction: WSM Surges 17% As Analyst Says This New Competitor Might 100X Again"},"content":{"rendered":"

The Wall Street Memes<\/a> price is up 17% in the last 24 hours to trade for $0.01656 as of 4:40 a.m. EST time, with trading volume rising 33%.<\/p>\n

The surge in WSM price comes amid renewed interest in meme coins and altcoins in general, coming off the back of approvals for spot Bitcoin exchange-traded funds (ETFs). Alongside Wall Street Memes price, Dogecoin (DOGE), Shiba Inu (SHIB), Bonk Inu (BONK), and Floki Inu (FLOKI) are also rallying, with Pepe coin (PEPE) recording double-digit gains.<\/p>\n

\"Meme<\/a>
Meme coins rallying<\/a><\/figcaption><\/figure>\n

With the Bitcoin price falling and altcoins rallying, there appears to be a capital rotation, with meme coins benefiting. Another sector that continues to pump is the AI crypto coins<\/a>, accentuating the capital rotation thesis.<\/p>\n

Wall Street Memes Price Prognosis As Capital Flows From Bitcoin To Altcoins<\/h2>\n

The Wall Street Memes price action since October has consolidated into a falling wedge pattern. This technical formation signals a bullish reversal after a downtrend. It is characterized by lower highs and lower lows that slope downwards while contracting into a narrower range. This is before the price finally breaks above the resistance line and a change in trend direction takes place.<\/p>\n

The histogram bars of the Awesome Oscillator are flashing green to show the bulls are finally resurfacing. The Relative Strength Index (RSI) had also crossed above a signal line (yellow band), with the crossover often precipitating a bullish move.<\/p>\n

Increased buying pressure above current levels could see Wall Street Memes price extend north, breaching the $0.01983 barricade and flipping it into support. An extended move north could see WSM price breach the upper boundary of the wedge with a possible extension to the supply zone extending between $0.02454 and $0.02696. A break and close above the midline of the supply zone at $0.02575 would confirm the continuation of the uptrend.<\/p>\n

In a highly bullish case, Wall Street Memes<\/a> price could flip the supply zone into a bullish breaker, confirmed by a break and close above $0.02805. Beyond this level, WSM price could target the $0.03000 psychological level, or higher, reclaiming the mid-October highs at $0.03500. Such a move would constitute a 110% climb above current levels.<\/p>\n

Notably, if Wall Street Memes price decisively overcomes the upper boundary of the falling wedge, it could run at least 80% north above the $0.40000 psychological level, which is the target objective of the wedge.<\/p>\n

\"Wall<\/a>
TradingView: WSM\/USDT 1-day chart<\/a><\/figcaption><\/figure>\n

Converse Case<\/h4>\n

On the flip side, if the seller moment outweighs the buying pressure, Wall Street Memes price could descend to the lower boundary of the pattern. In the dire case, the fall could see WSM price test the range low at $0.01157.<\/p>\n

While WSM bulls push to get the Wall Street Memes price to activate the falling wedge pattern for a potential 80% profit, Sponge V2<\/a> is making headlines. According to experts, it could dethrone Pepe.<\/p>\n