WEN, the cat-themed memecoin built on Solana [SOL] has seen its price increase by an incredible 29.10% in the last 24 hours
, has seen its price increase by an incredible 29.10% in the last 24 hours. Like the price, the trading volume of WEN also jumped.
At press time, the volume was $345.71 million, hinting at increased interest in the token. Before, its recent decrease to $0.00049, the price of WEN climbed to $0.00051.The cat has a bull’s eyeSo, when the exchange announced the listing on the 26th of March, demand for the token soared. WEN is one of the meme coin that has launched on Solana in the last six months.According to Santiment, WEN’s social volume jumped to 156 on the 26th of March.
In this state, it is expected that WEN’s price might retrace. If the price declines, the value of the token might pull back as low as $0.00037 . Despite the possible decline, our analysis showed that the price of WEN might extend to $0.00088 . However, the possible jump to $0.00088 might not happen immediately.
In addition, indications from the Awesome Oscillator showed that WEN could continue its upward movement. At press time, the AO reading was positive, indicating increasing bullish momentum.When this begins, the cryptocurrency might be one of the tokens that could display an exceptional performance. For the time being, traders might be on the lookout for good entries.Victor is a full-time journalist at AMBCrypto.
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