Wall Street Memes Price Shows Bullish Bias After Breaking Bearish Pattern
The price of Wall Street Memes (WSM) is currently trading with a bullish bias on the three-hour timeframe. This comes after breaking out from a bearish technical formation and pattern. In the last two days, the meme coin has seen a 30% increase, and in the last 24 hours, it has increased by 25%. Trading volume has also increased by 25% over the same period, indicating continued investor enthusiasm for WSM.
Wall Street Memes Remains Popular Weeks After Listing
Even after going live on tier-one exchanges such as Gate.io, MEXC, CoinEX, and BitMEX, Wall Street Memes continues to be a trending topic and a strong competitor in the meme coin ecosystem. With almost 300K followers on X and millions of impressions per day, the project’s popularity remains high. Additionally, Wall Street Memes has a short squeeze challenge scheduled for October 11 at 18:00 UTC on OKX, MEXC, LBank, and CoinW exchanges.
Buy-Back Program and Staking Function Boost Wall Street Memes
The project’s $1 million buy-back program will be completed during the short squeeze. This buy-back has been a bullish fundamental as it reduces the circulating supply of WSM tokens. Token holders also have the opportunity to stake their tokens and earn Annual Percentage Yields (APY) as high as 42%.
Price Outlook for Wall Street Memes
Despite facing rejection from the $0.05160 level, Wall Street Memes price remains bullish. The token has strong support levels at the 100-day and 50-day Exponential Moving Averages (EMA) at $0.04608 and $0.04338, respectively. The Relative Strength Index (RSI) indicator is at 62, indicating that bulls are still leading the market. The Awesome Oscillator (AO) indicator also supports a bullish outlook.
Alternative Meme Coin to Watch: Meme Kombat
Meme Kombat (MK) is another meme coin worth paying attention to. It has gained popularity in the meme coin market and is rivaling other popular coins like Pepe. MK has a growing number of followers on Crypto X and its presale has already reached over $453,000. The project offers staking with up to 112% APY, making it an attractive investment option.
Meme Kombat Adjusts Tokenomics
The Meme Kombat ecosystem recently made adjustments to its tokenomics by increasing the token supply 10-fold to 120 million MK tokens. This change was made to achieve greater flexibility with tokenomics and will not impact current MK holders. Investors can purchase MK tokens during the early presale stage using Ethereum or Tether on the project’s website.
Hot Take: Wall Street Memes and Meme Kombat: Popular Meme Coins with Strong Potential
Both Wall Street Memes and Meme Kombat are meme coins that have gained significant popularity in the market. Despite facing some resistance, Wall Street Memes continues to show a bullish bias and has strong support levels. On the other hand, Meme Kombat has quickly gained traction with a growing number of followers and a successful presale. Both projects offer unique features such as buy-back programs, staking functions, and high APYs for token holders. With their strong potential for growth and ongoing developments, these meme coins are worth considering for investors looking to enter the meme coin market.
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