Moo Deng Price Prediction: MOODENG Plummets 11%, But This PEPE Derivative ICO Goes Ballistic
Release: 2024/10/11 18:28 Reading: 920
Moo Deng Aims for Continued Bullish Trend Reversal
Over the past 24 hours, the Moo Deng price has experienced a significant drop of 11%, currently trading at $0.1207 as of 03:24 a.m. EST. Trading volume has also declined by 14%, reaching $72 million.
Previously, Moo Deng price had been trending downward for two weeks, with bears dominating at the $0.32 resistance zone. However, the price has recently broken out of the descending channel pattern, with MOODENG rising above its upper boundary. Support has been established at $0.11, providing a platform for bullish movement.
Despite the recent downtrend, the price of Moo Deng has consistently traded below the 50-day Simple Moving Average (SMA), creating resistance at $0.1471. The Relative Strength Index (RSI) on the 4-hour chart indicates a possible reversal, remaining within the neutral zone.
If bulls can maintain control at this level, the price of Moo Deng may surge, targeting the previous resistance level at $0.30. Conversely, further bearish momentum could drive the price down to the next support zone at $0.0691.
Pepe Unchained Closes In on $19 Million
Investors are turning their attention to the new meme coin Pepe Unchained (PEPU), which has raised over $18.6 million in its ongoing presale.
Pepe Unchained aims to provide a solution to the scalability, speed, and efficiency challenges faced by meme coins on Layer-1 blockchains. The project offers a staking option with an annual percentage yield of 117%.
Tokens can currently be purchased for $0.00996 each, although the price is expected to rise shortly. Interested investors can visit the official website to participate in the presale using ETH, USDT, or credit cards.
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