Everipedia IQ Sees Volatile Price Movements After Consolidation
In the past 24 hours, the price of Everipedia IQ (IQ) has experienced a significant increase as buyers rushed to enter the market. Despite the US Federal Reserve’s decision to pause interest rate hikes, the broader crypto market remains dull.
Reasons for IQ’s Recent Gains
The recent surge in IQ’s price can be attributed to Binance adding a trading pair for the token with USDT (Tether), the largest and most liquid stablecoin.
Binance will be adding an $IQ / $USDT trading pair to replace the previous BUSD pair! #Binance
USDT Tether is the largest and most liquid stablecoin.https://t.co/r1DmvnI6k4
— IQ.wiki (@IQWIKI) September 21, 2023
This addition of a new trading pair will enhance IQ’s liquidity and promote rapid growth.
Potential for IQ to Reach $0.1 Mark
Currently trading at $0.00486, IQ briefly spiked to $0.00535 before experiencing a correction. To confirm a rally towards $0.1, IQ needs to surpass the $0.00535 level.
In early August, IQ achieved a new monthly high by surpassing these levels. However, it has faced resistance at $0.00516 and is currently finding support at $0.00486.
If the bears push IQ below this support level, the price may decline towards $0.00462, indicating a bearish momentum.
Decreasing Buying Pressure
The indicators suggest a potential trend reversal for IQ. The Relative Strength Index (RSI) of 54 indicates that the token has not yet been overbought, but the downward movement of the RSI line suggests that sellers have entered the market.
The Moving Average Convergence Divergence (MACD) line is on a bullish trend but also shows signs of heading lower. Its fading green histogram bulls further support the possibility of a reversal.
Wall Street Memes Presale Nears End with Impressive Fundraising
The Wall Street Memes (WSM) presale is in its final stage after raising over $25 million in less than four months. The presale will conclude on September 25, followed by WSM’s listing on several Tier-1 exchanges two days later.
Early investors have only four days left to purchase WSM at the current price of $0.0337 before its price potentially increases after exchange listings.
WSM has gained significant community support and recognition due to its association with the Wall Street Bets movement and its clever branding within the crypto industry.
The project also offers a staking feature where WSM holders can lock up their tokens and earn an annual yield of 56%. Over 362 million WSM tokens have already been staked.
Hot Take: Everipedia IQ and Wall Street Memes Show Promising Potential
Everipedia IQ has experienced a surge in price after the addition of a new trading pair, indicating the potential for further growth. With increasing liquidity and trading volumes, IQ may continue its uptrend and potentially reach $0.1.
On the other hand, Wall Street Memes has successfully raised over $25 million in its presale stage, demonstrating strong community support. As the project moves towards exchange listings, early investors have a limited time to take advantage of the current price before potential price increases.
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.