Linq (LINQ) Surges in Price, Can it Reach a New All-Time High?
Linq (LINQ) has experienced a whole lot of surge in price, with a 26% increase in the past 24 hours and a remarkable 211% gain over the last 7 days. The present trading price for LINQ is $0.19. This surge raises the question of whether LINQ can accomplish a new record-breaking peak before the year ends.
Resistance Levels and Moving Averages
After reaching the resistance level of $0.39, LINQ faced a downturn that weakened the positive trend momentum. The bears took advantage of this resistance barrier, driving the price down to $0.26 with support from the simple moving average cross. Nonetheless, the bulls found resilient support at $0.05, allowing them to regain control.
The 21 and 50 moving averages have crossed over, with the 21 moving average acting as immediate support for LINQ’s price. Both moving averages trade below the price, confirming a positive trend outlook.
Bullish Momentum Indicators
The relative strength index (RSI) indicates a positive trend trend, as of now currently worth 65 towards the overbought region of 70. If the positive trend momentum continues, the RSI could surpass 70 and enter the overbought region. Overall, the trend for LINQ is positive trend, suggesting the likelihood of a new record-breaking peak in the near future.
Short-Term Key Levels to Watch
In the short term, it is crucial to monitor key levels such as $0.28 and $0.39 for LINQ’s price movement. Conversely, if the critical resistance level of $0.21 proves resilient, there might be a decline in price to $0.13.
Wall Street Memes (WSM) Presale Ends Soon
Wall Street Memes (WSM) has achieved whole lot of success in its presale funding, securing over $25 Million. The presale is scheduled to conclude on September 25. WSM is likewise preparing for its token listing on a Tier 1 exchange, set for September 27. Analysts anticipate a swift price surge once WSM officially launches on major exchanges, considering its robust fundamentals and favorable project updates.
WSM Staking and Resource Allocation
WSM offers an attractive staking opportunity with an annual percentage yield (APY) of 61%. This staking option has gained substantial interest and contributes to the project’s long-term stability. WSM dedicates 50% of its resources to marketing efforts, 30% towards community rewards, and the remaining 20% to liquidity and media streaming initiatives.
Targeting a $1 Billion Market Capitalization
WSM intends to accomplish a $1 Billion market capitalization before listing on a Tier-1 exchange, which could lead to whole lot of price increases. The project’s roadmap outlines clear steps to reach this milestone, making it an appealing prospect for investors. In addition, WSM hosts an airdrop where participants have an opportunity to gain $10,000 by following their social media accounts and visiting their website.
Closing Thoughts: Wall Street Memes Gains Momentum
With substantial backing from social media followers and endorsements from influential YouTubers like Michael Wrubel, Wall Street Memes has gained momentum in the cryptocurrency market. Its successful presale funding and upcoming token listing indicate positive prospects for the project. Investors can take part in the presale by purchasing WSM tokens using numerous digital currencies or credit cards. By linking your Web 3.0 wallet, you can acquire the tokens and potentially take advantage of the project’s growth.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.