Not long after its launch, a meme coin and one of the newest additions to the Solana (SOL) ecosystem has intensified its bullish momentum, flipped critical resistance into support, and hit its record-high price, ushering in the possibility of even more advances in the near future.
Specifically, Wen (WEN), launched in January this year as one of the latest cryptocurrencies to enter the active Solana meme coin scene, alongside Book of Meme (BOME), and Slerf (SLERF), has recently hit a record price of $0.000519 and is currently trading at $0.0004986, according to the data on March 27.
WEN price analysis
With its latest move, WEN has managed to surpass the critical $0.00040385 resistance and turn it into support, displaying the necessary technical indicators, like the moving average convergence divergence (MACD) and relative strength index (RSI), for this crypto asset to enter into a bullish cycle.
Meanwhile, the current WEN price represents an increase of 30.77% in the last 24 hours, a 134.93% gain across the previous seven days, and an impressive increase of 480.16% on its monthly chart, as per the most recent information retrieved by Finbold.
WEN price prediction – How high can WEN go?
Given its strong technical foundations, the future looks bright for WEN, which could erase one zero from its price as soon as next month, perhaps even surpassing the massive obstacle at $0.002, at least according to certain advanced artificial intelligence (AI) algorithms.
Indeed, the WEN meme coin certainly has more room to grow, but the crypto sector can sometimes be fickle and trends can change, so doing one’s own research and carefully weighing all the risks is critical before investing in any asset, be it crypto, stocks, real estate, or anything else.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
Read the full article here
