Wen price prediction: WEN rises 13% as traders flock to this meme coin rival that analysts say could turn $100 into $10,000.

adminApril 20, 2024

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The price of the won rose 13% in the last 24 hours. Traded for $0.0002116 As of 2:47 AM EST, trading volume had increased 71% to $52 million.

This comes as the market capitalization of the meme coin sector recovered by 6% to $48 billion.

Wen Price represents another uptrend.

Wen price chart analysis Source: Tradingview.com — WENUSD Chart Analysis Source: Tradingview.com

Since the end of March, Wen’s price has been steadily falling following a descending wedge pattern until it reached support around $0.0001776.

The bulls appear to be taking advantage of this support to drive the price higher, with signs of it touching the upper boundary of the wedge as they try to push WEN to higher heights.

Moreover, WEN is currently trading above its 50-day simple moving average (SMA), confirming its bullish momentum. A potential breakout of the $0.0001776 level could see WEN surge above its 200-day SMA of $0.00029, further amplifying the price trajectory.

The relative strength index (RSI) has also rebounded below the midline of 50 and is heading towards 56, the overbought range of 70, indicating strong buying pressure.

Additionally, the Moving Average Convergence Divergence (MACD) is also bullish, with the MACD line (blue) crossing the orange signal line, indicating a bullish crossover. In most cases, a bullish crossover requires bulls to add to their positions, which can push the price higher.

The green bar in the histogram also extends above the neutral line, indicating that WEN is currently showing positive momentum.

Won price prediction

The bullish momentum in Wen price has crossed the lower limit of the descending wedge pattern, targeting $0.00050 to break the upper upper limit.

With RSI and MACD showing positive trends, indicating bullish sentiment, WEN is ready to set much higher price targets.

Conversely, if bears take advantage of the dead cross at $0.0003262, they could push the price down to the next support level at around $0.0001613.

Meanwhile, as WEN prices soar, investors are also buying Smog, one of the best alternatives. Analysts believe WEN could still rise 100-fold as it prepares for another top exchange listing.

Smog: What Are The Best Meme Coins You Can Buy Right Now?

The Solana meme coin continues to be wildly popular. SMOG is one of the most recent risers in the space, surging 87% since its launch in February to reach a market capitalization of $71 million.

one #memecoin To rule them all! 🚀
Get ready for the best moment #airdrop Distributed in History #Solana. 💰
join #smog From Jilly! 🔥
Profile link 🔗 pic.twitter.com/vsn4p5cSF4
— Smog (@SMOGToken) February 8, 2024

After securing its initial listing on MEXC on April 4, investors are now hoping for more gains. This listing made the token more accessible to investors, and now word has come from the team that another listing is planned on another major exchange soon.

We are pleased to announce the following: @SMOGToken Kickstarter has ended $smog will be listed on #Mexico!
🔹Deposit: Open
🔹Innovation Zone SMOG/USDT trading: 2024-04-04 09:00 (UTC)
Details: https://t.co/3ecyvrTv2n pic.twitter.com/kvgoFiYOib
– MEXC (@MEXC_Official) April 4, 2024

Smog promises the largest airdrop in Solana ecosystem history. The first season of the airdrop ended on April 3, and the team rewarded users with $1 million worth of free tokens.

Token Airdrop Season 2 is currently underway, and the development team is emphasizing providing rewards for on-chain and trading activity.

The token boasts over 119,000 holders and over 10.7 million quests have been completed on Zealy.

There are also opportunities to earn passively by: $SMOG Staking Annual Percentage Yield (APY) is 42%.

Buy or Stake ERC-20 $smog #token Through our platform. 💰🐉
Staked tokens are securely locked for 90 days and rewards available for withdrawal at your convenience. 🔒💸
All tokens purchased through our service are automatically staked. 🔄
🔗https://t.co/8dPFpww1Ub
— Smog (@SMOGToken) February 22, 2024

Jacob Bury, a popular cryptocurrency YouTuber, says Smog has the potential to rise 100x once it launches.