Wall Street Memes price has surged more than 70% since last Wednesday. Currently, the meme coin is heading for a major breakout which can change the bearish market structure. Before discussing this outlook, let\u2019s analyze the current price action.<\/p>\n
On Wednesday, Bitcoin price is having a minor pullback. At press time, the cryptocurrency is trading at $33,780 after a correction from the daily high of $34,343. However, the WSM crypto still managed to stay green and showed a modest gain of 0.35%.<\/p>\n
A few weeks ago, I predicted a major downside in the Wall Street Memes price after a breakdown below the presale price of $0.0337. The popular memecoin tanked more than 40% after that analysis and plunged to new lows.<\/p>\n
Despite a strong rebound from the lows, the WSM coin still remains below its presale price. Due to this reason, it might be too risky to enter into a long trade. Another factor affecting the price action is Bitcoin\u2019s ability to hold the $32,000 level. If this level fails to hold, altcoins may suffer once again.<\/p>\n
Wall Street Memes Coin Price Prediction<\/h2>\n
WSM might be apparently looking very bullish after a strong rebound from the all-time lows but it is yet to break above any significant resistance. The following chart shows that the $0.0337 remains the most critical level for the price. Just above this level, there also lies a previous support level of $0.034 which may now act as a resistance.<\/p>\n
Only a breakout above these levels can make Wall Street Memes coin price prediction bullish again. It might be foolish to buy this altcoin before a reclaim of its presale price. In any case, the next few days are going to be very critical.<\/p>\n
As is the case with altcoins, the Bitcoin price action must remain positive in order for the WSM coin to thrive in the near term.<\/p>\n Wall Street Memes price has surged more than 70% since last Wednesday. Currently, the meme coin is heading for a major breakout which can change the bearish market structure. Before discussing this outlook, let\u2019s analyze the current price action. On Wednesday, Bitcoin price is having a minor pullback. At press time, the cryptocurrency is trading […]<\/p>\n","protected":false},"author":2,"featured_media":150578,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-180804","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/180804","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=180804"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/180804\/revisions"}],"predecessor-version":[{"id":180806,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/180804\/revisions\/180806"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/150578"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=180804"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=180804"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=180804"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"Wall](\"https:\/\/www.investingcube.com\/wp-content\/uploads\/2023\/10\/image-140-1024x427.png\")