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Nothing (factor) is on a bearish momentum at this time, having dropped by 3% within the final 24 hours. The coin’s every day volumes stand at $1.45 million, in response to DexTools.io.
The downward motion is a correction from the sharp rally that THING reported on September 17, with the seven-day beneficial properties reaching almost 500%.
As THING has outperformed the broader market that continues to put up a dismal outlook, traders would possibly doubtless begin piling up on the token as they anticipate extra beneficial properties.
Regardless of the staggering beneficial properties posted in the previous couple of days, THING nonetheless has a lot to do earlier than it could possibly attain its all-time excessive of $0.00000492.
Some meme cash, together with THING, have been posting impartial rallies from the remainder of the cryptocurrency market. The challenge just lately claimed to be the primary meme coin to attend an enormous and essential occasion after showing on the Token2049 occasion.
We’re the primary #memecoin to attend such an enormous and essential occasion for crypto.
Whereas your ‘dev’ is posting memes, our founder is speaking about nothing at @token2049
In all probability nothing. $factor https://t.co/KqBphCZbSF pic.twitter.com/aTCEFvXpQr
— nothing ◻️ $factor (@nothingsquare_) September 15, 2023
Is THING Headed to the $0.1 Mark?
THING continued to draw the eye of crypto merchants trying to scoop beneficial properties. Whereas the rally seems to have cooled down, promoting exercise stays comparatively low, indicating holders anticipate one other uptrend.
THING’s worth motion began on September 17, with the value gaining from $0.000000193 to $0.00000196. The uptrend was rejected, and the value began to right shortly after.
THING dropped to $0.000000533 after only a few hours. This worth acted as an entry level for the merchants that missed out on the rally, and the value gained to make a false breakout to $0.00000148.
THING seems to have fashioned resistance at $0.00000134, with take-profit orders probably being executed at this worth. If THING breaks previous this worth, the value will doubtless head in direction of $0.00000148.
Nothing’s Momentum is Nonetheless Bullish
THING has a Relative Energy Index of 45, as seen within the chart above. Whereas this RSI factors in direction of a impartial market sentiment, the road is tipping south, exhibiting an elevated probability of sellers swarming the market and driving the costs additional down.
However, the Transferring Common Convergence Divergence (MACD) line is within the constructive zone, exhibiting bullish momentum. Nonetheless, the histogram bars are unfavorable, indicating that bears is likely to be trying to take management of the value motion.
Subsequently, for THING to renew its uptrend, it wants elevated social exercise and purchaser hype.
One Week Left Earlier than $WSM is Listed on Tier 1 Exchanges
The Wall Road Memes presale has only some days left earlier than closing. This presale has already raised over $25 million from early traders, with 1 WSM presently buying and selling at $0.0337.
In accordance with the Wall Road Memes web site, solely seven days are left earlier than the token is listed on tier 1 exchanges. The itemizing will doubtless set off huge beneficial properties for the token.
WSM is constructed atop a vibrant and interesting neighborhood. Group assist has at all times been essential to the success of meme coin tasks.
The launch of the WSM token will maintain this neighborhood’s progress whereas rewarding the loyal members.
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