The Bears Encounter Resistance at $1.29
The bulls in the crypto market are facing resistance at $1.29 after regrouping at the $0.42 support zone to recover from their losses. The 50-day moving average shows a crossover at $0.76, trading below the 200-day moving average. This indicates increased selling pressure and confirms the bearish sentiment. Both moving averages are positioned above the CRV price, strengthening the bearish outlook.
However, there are hints of a potential rebound towards the upper boundary of the triangle, as shown by short bullish candles. The relative strength index (RSI) is currently at 48, suggesting increased buying pressure compared to when it was oversold at 30.
Overall, the outlook for CRV price remains bearish due to the descending triangle and moving averages indicating potential bearish movements. Bears may push the price below the triangle, targeting the critical weekly support level at $0.07. On the other hand, if the bulls sustain their momentum, they may aim for the upper boundary of the triangle, with key levels to watch at $0.65 and $0.78.
Wall Street Memes Presale Ends in 4 Days
The Wall Street Memes presale has already secured over $25 million in funding and is expected to experience a rapid price surge when it officially debuts on major exchanges. The project aims to achieve a $1 billion market capitalization before its Tier-1 exchange listing, which could lead to significant price gains according to its roadmap.
An additional 30% of resources are dedicated to supporting community rewards, while 20% is allocated to bolstering liquidity and enhancing media streaming initiatives. Wall Street Memes is also conducting an airdrop where participants have a chance to win $10,000 by following their social media accounts and visiting their website.
Tier 1 Exchange Listing in 6 Days
Wall Street Memes will make its debut on Tier 1 exchanges in 6 days, with the launch scheduled for September 27. The team is focusing 50% of its resources on marketing efforts, including securing endorsements from influential YouTubers like Jacob Crypto Bury who has a one-million-strong social media following. The project’s roadmap outlines a commitment to allocate the entire token supply to the community.
To participate in the presale, you can buy at the current price of $0.0337 using either cryptocurrency or a credit card by connecting your Web3 wallet to the WSM token website. Don’t miss this opportunity to participate in Wall Street Memes before its Tier 1 exchange listing.
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Hot Take: Wall Street Memes Gains Momentum as Presale Nears End
The Wall Street Memes presale has seen impressive funding and is set for a strong debut on major exchanges. With a focus on community rewards and liquidity enhancement, Wall Street Memes aims to capture a significant market capitalization before its Tier-1 exchange listing. Additionally, the project’s marketing efforts, including endorsements from influential YouTubers, are expected to generate further interest. If you’re looking for an opportunity with sure returns, Wall Street Memes presents a compelling option for investors.