STEPN Coin Making a Comeback
After a prolonged downturn, STEPN coin is making a comeback, rising almost 16% in the past week. Even though it’s fallen so far today, technical analysis suggests its recovery is no flash in the pan.
Is STEPN in a Bullish Rally?
- STEPN’s price history has undergone a series of downturns characterized by lower lows and lower highs.
- The chart displays three lower highs, forming a triple top pattern, suggesting the potential for a surge as bulls might enter the market in full swing.
- The price appears to have formed a falling wedge pattern, indicating that traders seek buy entries above the wedge, expecting an upward breakout.
- If the bullish momentum continues, STEPN could reach the resistance level of $1.14.
- Busting through the critical resistance at $0.68 is necessary for achieving this goal, and such a breakthrough is possible in the short term.
STEPN Price’s Short-Term Breakout to the Upside
- The STEPN price has exhibited a breakout, surpassing the upper trendline of the descending triangle pattern.
- A retest on the trendline occurred, with bears struggling to pull back prices.
- The bulls seem resilient, as evident from the emergence of a bullish green candle, indicating the bulls’ foothold on the price.
- Further price gains are possible, and STEPN might soon break through the critical resistance level at $0.45.
- If this bullish trend continues, the short-term target for STEPN could be a price of $0.68.
Wall Street Memes ($WSM) Raises $15.5 Million In Presale Funding
Wall Street Memes, a prominent retail investing community with a large following, has achieved a significant milestone in the presale of its new cryptocurrency, the $WSM meme coin. This meme coin launch has attracted considerable interest from investors, amassing over $15.5 million in funds raised.
Wall Street Memes A Million-Follower Community Fuels Rapid Growth
- The Wall Street Memes community has amassed an impressive following of over 1 million people.
- On its first day, the project raised a remarkable $300,000, demonstrating its strong appeal to investors.
- This rapid growth and widespread acceptance make the WSM token an attractive prospect for crypto exchanges eager to list it after the presale.
Unvest Crashes 80% In a Day. Another Pump and Dump Coin?
A new crypto listing to watch is Thug Life Token, set to launch on Uniswap at 18:00 CET.
Hot Take:
STEPN coin’s recent rise and potential for further gains indicate a positive trend for investors. Meanwhile, Wall Street Memes’ successful presale shows the community’s strong support and growth potential. However, caution should be exercised with volatile coins like Unvest.
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