The Moo Deng price soared 335%% in the past week even after it plunged 9% in the last 24 hours to trade at $0.2512 as of 11:15 p.m. EST on trading volume that plunged 14% to $145 million.
The weekly surge made MOODENG, based on a Thai pygmy hippo that went viral online, the top gainer among the biggest meme coins by market capitalization ahead of KARRAT with a 120% leap, according to CoinMarketCap.
Moo Deng Price Prediction: MOODENG Aims For A Bullish Trend Reversal
The Moo Deng price soared through a markup phase to its all-time high (ATH) at $0.3387 on September 28 before consolidating between the $0.30 resistance and $0.22 support zone, trading within the sideways pattern.
The bulls are now aiming for a breakout above the pattern, as the price of Moo Deng now trades above the 200-day Simple Moving Average (SMA). However, the 50-day SMA acts as the immediate resistance level at $0.28.
The Relative Strength Index (RSI) is currently at 40, which is close to oversold territory (typically below 30). This suggests that the market is cooling off from the previous rally, and the price may be in a correction phase. However, since the RSI is not yet in extreme oversold territory, it’s possible that further downward movement might happen before a reversal.
If the bears continue pushing the price of Moo Deng down, MOODENG could plunge even further, as the $0.18 (200-day) SMA acts as the major support zone.
MOODENGUSDT Chart Analysis (Source: Tradingview)
Conversely, if the price holds above the support zone and the RSI begins to climb, we could see a bounce back toward the resistance at 0.28861. A breakout above this resistance could lead to a rally towards the projected 38% move to $0.350.
As the Moo Deng price aims for a bullish trend reversal, the new Pepe Unchained (PEPU) presale remains maximum bullish. YouTube channel 99Bitcoins, with over 706K subscribers, says it has the potential to soar 10X after launch.
Pepe Unchained Blasts Past $16.2 Million In Presale
Pepe Unchained keeps exceeding expectations and has now blasted past the $16.2 million milestone in presale funding after a whale socked $53k into the project on Friday.
The unique aspect of Pepe Unchained is its plans to launch a Layer-2(L2) blockchain, a first in the meme coin space. This innovation, coupled with the project’s captivating branding, has resonated with potential investors, leading to a surge in activity.
As its name makes clear, Pepe Unchained aims to set PEPE free from its old, clunky Layer-1 server room. It will provide lower fees and faster transaction speeds after it is launched.
Token holders can also earn passively through the platform’s staking system , which offers an annual percentage yield (APY) of 132%.
You can buy what is arguably the most successful presale of the year for $0.00988 per token right now. With a price hike coming in a little more than a day, buy soon to lock in the best deal.
To join the presale, buy $PEPU from the official website here using ETH, USDT, or a bank card.
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