WEN is another meme coin which has benefited from the micro hot season phase during the 1st quarter of 2024. This was the parabolic season coming off from the highs of BTC -- which has produced a lot of cash, which benefited alts/memes to re-distribution buying spree.
But as with any parabolic coin, it is always bound to correct -- and dramatically at that. WEN overheated after its launch and shoot up to $0.00051049 ATH peak, then trim down by heavy correction back to X5 less to 0.00010 area.
Now based on our recent data metrics, first hint of net buying activity has been spotted at the current range conveying the area as a major strong support. It is now breaking out on the downtrend channel on 4H hinting of an impending strong reversal to the upside.
The psychological number of "0001" is an ideal entry point with any instrument as it suggests a baseline number for progressive price growth. The light MCAP will also aid on this push upwards.
Spotted at 0.00010
Interim target at x2.
Long term previous peak at x5.
TAYOR.