The crypto industry recently saw the launch of yet another meme coin, DORK LORD (DORKL). The project claims that, just like Pepe, it came from the dankest depths of the internet to conquer everything with its unparalleled memeability and charm.

However,  the token has had a bad few days.

DORK LORD off to a strong start

The token’s starting price was $0.008, according to data from TradingView, and on September 7, it already surged up past $0.01, reaching its first high.

The token’s highest peak reached so far was $0.02161 on September 7, but it struggled to hit this level, encountering several resistances.

However, these were not weak resistances, and most rejected the token’s price, but eventually, it climbed up to $0.02161. However, DORKL did not stay there for long, and before the end of the day, its price started spiraling down.

The project hit support levels this time, allowing it to bounce back up despite the strong bearish trend. It encountered support at $0.015, $0.013, and the strongest on September 8 — $0.010.

While each of these allowed DORKL to recover, each rebound was the same size, so it reached lower resistances after bouncing off lower supports. After dropping to $0.01, it made one final surge to $0.0135, after which it dropped again, breaking the support and sinking below $0.01.

DORKL hits bottom at $0.003

After the support at $0.01 broke, DORKL saw a much sharper drop that took it down to $0.004. This strong resistance was believed to be the token’s bottom. Over the next day, September 9, the token kept seeing more minor fluctuations between this support and a resistance at $0.0055.

However, on September 10, its price broke the support, sinking further to $0.003. After finding its true bottom here, the token was recovered on Monday, September 11.

This was the first real surge since going under $0.01; this time, it hit a resistance at $0.0077. Between September 11 and September 13, the token kept going up and down between this resistance and new support at $0.005. At the time of writing, it sits at $0.00514, 72% down every week and 25% down compared to yesterday.

Wall Street Memes presale in final stage

While DORKL has potential, the current bear market does not suit it well. However, if you want to buy a new crypto with great potential, Wall Street Memes (WSM) might be the correct token.

This was the most popular meme coin presale this summer, raising over $25 million during the last few months. It is in its final stage, awaiting the exchange listing that should arrive in under two weeks.

This is your last chance to buy the token before it enters circulation. Right now, its price is $0.0337, and you can get it in exchange for ETH, USDT, or BNB or buy it with your credit card.

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• Heimild: https://insidebitcoins.com/news/dork-lord-prediction-dorkl-on-course-for-5-gain