- An analyst highlights WEN’s strong bullish pattern and predicts up to 149% growth in weeks.
- WEN’s bullish breakout with high trading volume signals promising short- and long-term growth potential.
Popular crypto analyst Alan Santana has shared his thoughts on the WEN token on TradingView, emphasizing technical analysis to forecast probable price changes. Santana claims WEN is a crypto worth observing since it has displayed notable optimistic signals on a daily basis.
A Bullish Surge and Long-Term Potential for WEN
From a significant low and reversal pattern, Santana noted WEN underwent a bullish surge earlier in 2024. Though the first pattern was brief, it effectively created a higher low during its later corrections.
Since then, this higher low has created a new reversal pattern that Santana called more extensive and longer-lasting—an event fit with the “law of alternation.”
For WEN, November was a pivotal turning moment since the token broke out aggressively and had its greatest trading volume since March 2024. Significantly, this highest-volume session was green, indicating a dominant bullish sentiment on the chart.
Santana underlined that the rising trading volume and positive breakthrough point to long-term price growth setting by nature.
For WEN, Santana expects a possible range of 82% to 149% in the near future, and the movement most likely starts one to three weeks following the next bullish impulse. This impulse, he believes, might begin in about eight days. Santana still sees long-term investors bright about even more possible returns.
Santana’s strategy for WEN trading involves buying at or above the primary support level, $0.00012000. While maintaining a bullish outlook as long as the token remains above this level, Santana recommends accumulating additional tokens in the event that prices revert to this level.
Meanwhile, WEN is swapped hands at about $0.0001458 at the time of writing, a 3.01% rise over the last 7 days and a 9.22% increase over the last 30 days. These indicators show the token’s constant increasing tendency.
Other memecoins, such as DOGE, have also been becoming more popular concurrently. With a powerful 6x leveraged trading arrangement, DOGS is stabilizing above support and indicating positive potential, according to CNF. Token burns and community support have strengthened DOGS’ increasing momentum even more.
Credit: Source link
