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The Moo Deng price has soared 37% in the last 24 hours to trade at $0.00009486 as of 7:10 a.m. EST on an 88% surge in trading volume to $10.7 million.
Moo Deng is a Solana-based meme coin inspired by a pygmy hippo from a zoo in Thailand that become an Internet sensation.
Moo Deng Price Rebounds On A Strong Support
The chart for the MOODENG/USDT pair on a 4-hour timeframe shows that the price is currently around $0.00009466, with a clear support level near $0.00006041, where the price has rebounded multiple times. The resistance at $0.00009466 is being tested, indicating potential upward movement if this level is broken.
The 50-period moving average (MA50) is at $0.00008707, providing short-term support, while the 200-period moving average (MA200) at $0.00006041 offers long-term support. The price has crossed above the MA50, hinting at a possible uptrend continuation. If the price remains above these moving averages, it could signal a stronger bullish momentum.
MOODENG Analysis Source: Dextools.io
The MACD shows a bullish crossover, with the MACD line above the signal line and a positive histogram, indicating growing upward momentum. Additionally, the RSI is at 58.29, which is in the neutral zone, meaning the price is neither overbought nor oversold. This gives the market room for further gains without hitting overbought conditions.
In terms of possible scenarios, if the price successfully breaks above the $0.00009466 resistance, it could rise toward $0.0001500 or higher. On the other hand, if the price fails to break through and falls below $0.00008707 (MA50), it may test the key support level at $0.00006041 (MA200).
A break below this level would signal a bearish reversal. Indicators also suggest the potential for further upside, but the key resistance and support levels will determine the next significant move.
Pepe Unchained Presale Heads For $30 Million: Best Meme Coin To Buy Now?
As the Moo Deng price soars, so funds continue to flood into the new PEPE derivative Pepe Unchained (PEPU), which has crashed past $21.6 million in funds raised in its ICO.
Much of the recent momentum has been fuelled by crypto whales, who have bought large chunks of PEPU multiple times this month. The most recent big buy came on Oct. 21, when a whale exchanged $53,563 worth of ETH for 4.6 million $PEPU tokens.
An analyst from the 99Bitcoins YouTube channel, which has a huge following of over 706k subscribers, says that PEPU could potentially surge by 100X once it officially launches.
PEPU has its own Layer 2 blockchain and is designed to liberate PEPE from its old, clunky blockchain on Ethereum.
It will offer transactions up to 100 times faster than Ethereum and with gas fees that are significantly reduced.
As it is fully compatible with Ethereum’s dApps, PEPU will enable users to benefit from increased speed while maintaining access to the Ethereum ecosystem.
PEPU also will open up its blockchain to the rest of the meme coin space, creating a scalable framework that could bring the fun and lighthearted side of crypto into a whole new era.
A developer grant program called “Frens with Benefits” is now open, and aims to attract talented developers to help build out the Pepe Chain ecosystem.
PEPU holders can also stake their tokens for an annual return of 104%.
PEPU is currently priced at $0.01176, and it can be purchased using ETH, USDT, BNB, or bank cards. With a price increase coming in less than 2 days, buy now for the best rate.
Buy PEPU tokens on the official website here.
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