Wen Price Prediction: 2024, 2025, 2030

$WEN price prediction: Key highlights

1. Primary support and resistance levels 

• In the daily time frame, $0.00007 can likely be the lowest support level for the asset.
• Meanwhile, the highest potential resistance is anticipated to be around $0.00051.

2. Market sentiment

• The market sentiment for the token is seen to be neutral to bearish in April 2024.

3. Predictive forecasts

• Based on our AI/ML predictive models, the average price for $WEN is projected to reach $0.01 in 2029 and soar to $1.1 in 2035.

Gain detailed insights on $WEN via a comprehensive daily technical analysis, followed by the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models:

$WEN technical analysis: Price rally loses momentum to bearish pressure

Dogs and frogs have dominated the memecoin market for a considerable time. Now, with $WEN—the new Solana (SOL)-based memecoin, cats have entered the market. Thus, the Wen price prediction for 2024 presents an opportunity to analyze the potential of this new token.

An analysis of the daily chart revealed that the period began with a bullish rally, propelling the token to claim $0.00019. Simultaneously, the price slightly crossed the $0.00030 mark.
 

Following a corrective pullback, $WEN resumed its ascent. The continued positive momentum enabled the memecoin to reach $0.00040. Nonetheless, the price faced rejection, causing a temporary dip below the support level at $0.00030. This was reflective of a correction following an overbuying spree.

Notably, buyers managed to halt further declines at $0.00026. A subsequent retest was followed by a more pronounced drop, which led the price to fall briefly below $0.00019. This sequence of events did not deter bullish sentiment as the uptrend continued. The determination to mark new highs culminated in a substantial price pump close to the end of the month.

This surge enabled $WEN to claim $0.00040 and test the high chart resistance at $0.00045. Following this, the price attained an all-time high (ATH) of over $0.00051, effectively establishing this level as the new highest target for the price. 

The remarkable price surge was partly attributed to external market influences. An investigation by AMBCrypto into the factors behind this unprecedented hike pointed towards the token’s listing on Crypto.com as a pivotal cause. Given that $WEN was not widely listed across centralized exchanges (CEXs), the announcement of its inclusion on a prominent platform significantly spurred demand. 

However, the chart pointed to a regular bearish divergence as the price’s higher high was mirrored by lower highs on both indicators. It served as a signal that the uptrend might soon reverse.

This materialized as the asset experienced a series of declines. Despite bullish efforts to stem these downturns at $0.00040, their attempts were ultimately unsuccessful. Efforts to test this resistance in early April were again met with more declines. 

These drops led the token back to its lowest support on the chart. Following another rejection at $0.00026, the token had slightly recovered to trade at $0.00025 at the time of analysis.

Current dynamics suggest that bulls need to stabilize above $0.00030 for an uptrend to sustain.

If buying pressure intensifies, it could drive the price to retest the $0.00040 mark and possibly ascend toward the ATH. A speculative extension to $0.00080 is conceivable, though it would require significant time to materialize.
 

Given the market's slight bearish condition, the current support is under threat. Should it falter, the price might fall to the low of $0.00007. 

Notwithstanding, the predictive models forecast an optimistic future for the cat-themed token. According to the predictions, $WEN can average a price point of $0.01 within the next five years and is expected to grow to $1.1 in 2035.

$WEN's 2024 roadmap: Key indicators to watch and trade

• The trading volume showed signs of recovery in tandem with rising prices. However, following a price rejection at $0.00040, volume significantly decreased. 
• Even with the price recovery in late March, trading volumes failed to return to the levels seen at the outset of the period and kept on declining thereafter. It suggested a cautious market approach.
• The Relative Strength Index (RSI) entered the overbought territory twice in early March. Following its second foray, the indicator declined. It briefly dipped below 50 close to mid-March before experiencing a recovery. 
• As the price touched its peak resistance, the RSI neared 70 again but didn’t move above it. This resurgence was short-lived, as it experienced a continued descent. It fell below the neutral threshold again in early April and moved back under it after a brief surge. 
• At press time, the RSI registered at 48.17. This reflected a slight bearish bias.
• The Chaikin Money Flow (CMF) exhibited a similar pattern. It started out recording highs before declining below the zero line towards the end of March. Following this drop, it oscillated above and below the neutral zero threshold until after the first week of April, after which it consistently remained below this line. 
• As the period of analysis approached its end, the CMF advanced again to register at 0.03. The move above zero could indicate that the market was stabilizing or improving.