Not long after its launch, a meme coin and one of the newest additions to the Solana (SOL) ecosystem has intensified its bullish momentum, flipped critical resistance into support, and hit its record-high price, ushering in the possibility of even more advances in the near future.
Specifically, Wen (WEN), launched in January this year as one of the latest cryptocurrencies to enter the active Solana meme coin scene, alongside Book of Meme (BOME), and Slerf (SLERF), has recently hit a record price of $0.000519 and is currently trading at $0.0004986, according to the data on March 27.
WEN price all-time chart. Source: CoinMarketCap
WEN price analysis
With its latest move, WEN has managed to surpass the critical $0.00040385 resistance and turn it into support, displaying the necessary technical indicators, like the moving average convergence divergence (MACD) and relative strength index (RSI), for this crypto asset to enter into a bullish cycle.
Meanwhile, the current WEN pric
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