$WEN Set for 500% Surge Amidst Breaking Out of 38.2% Fib LevelThe price of the cat-themed memecoin ( NASDAQ:WEN ) is to go parabolic should the asset break pass the 38.2% Fibonacci retracement level.
NASDAQ:WEN coin, a memecoin built and integrated in the Solana ecosystem has since surge 4000% in Month of March, 2024 but the asset sharply experience a pullback losing about 96% of market value.
NASDAQ:WEN is gearing up for a bullish reversal move, should this cat-themed memecoin break out of the 38.2% Fib level, the 500% surge might be feasible, given the growing interest of the Solana blockchain.
The RSI at 56 is also hinting on a bullish campaign as it is neither oversold nor overbought. Other factors that posits to this rally is the Market cap. With a market cap of $19.7 Million, this asset is prime for a comeback to reclaim $144 million market cap with an anticipated listing from Binance, this asset could be the next big thing on the Solana ecosystem. This memecoin is already listed on 30+ CEXs and DEXes.
Notably, NASDAQ:WEN 's 24 hour trading volume has since increase by 32% to $3.5 Million hinting on a growing interest on the meme coin. With the recent ATH of $300 million in market cap, compared to the present market cap of $19.7 million and a growing community of 155k on X, this memecoin might just be the ticking bomb you are neglecting.
What is Wen?
Wen is a Solana-based memecoin that originated from a poem.
Each WEN token represents a small piece of the poem “A Love Letter to the Wen Sisters.” Written by Meow, the pseudonymous creator of the Jupiter decentralized exchange (DEX), the poem was the first NFT to be minted using the WNS standard and then split into tradable tokens. The WEN memecoin was developed by the Jupiter team before airdropping Jupiter’s native token, JUP, to DEX users.
