Wen Price Prediction: WEN Skyrockets 141% In A Week As New Solana Meme Coin Smog Rockets Into The Top 20 Meme Coins
The Wen price has surged 20% in the last 24 hours and 141% in a week to trade at $0.0001038 as of 6.15 p.m. EST.
This surge comes amid a strong rally in the crypto market overall, with the S&P Cryptocurrency Broad Digital Market Index soaring 21% so far this month.
Wen Price Signals A Bull Rally Above The Cup And Handle Pattern
The Wen price is currently on an uptrend after it broke out of a consolidation phase formed around $0.00004. It trades the cup and handle pattern, which supports the anticipated bull rally, signalling for traders to prepare to add more buy positions.
The technical indicators are generally bullish, with the 50-day simple moving average (SMA) providing immediate price support below the handle part of the pattern, giving the bulls the launchpad to fly higher prices.
The Relative Strength Index (RSI) indicates a rebound on the 50 midline level, trending at 61 towards the overbought level of 70. This indicates intense buying pressure for the WEN price.
The MACD trades above the neutral position, with the blue line crossing the orange signal line. Although still negative, the histogram shows positive bars as it approaches the neutral position. A positive bar above the neutral position should confirm the anticipated bull rally ahead.
Wen Price Targets New High At $0.0002131
Wen bulls aim to push the price to a new high at $0.0002131 in the coming weeks, accounting for a 65% increase from its current price.
Meanwhile, as Wen traders await a new entry position, the new meme coin SMOG has erupted onto the crypto scene. SMOG promises the greatest Solana-based airdrop of all time as it surges into the ranks of the top 20 largest meme coins with a market cap of $67 million.