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Moo Deng price soared 37% in the last 24 hours to trade at $0.00009486 as of 7:10 a.m. EST following an 88% increase in trading volume to $10.7 million.
Moo Deng is a Solana-based coin, inspired by a pygmy hippopotamus from a zoo in Thailand that is an internet sensation.
Moo Deng price bounces off strong support
The MOODENG/USDT 4-hour time frame chart shows that the price is currently hovering around $0.00009466, with a clear support level near $0.00006041, where the price has bounced several times. Resistance at $0.00009466 is being tested, indicating a potential move higher if this level is breached.
The 50-period moving average (MA50) is at $0.00008707, providing short-term support, while the 200-period moving average (MA200) at $0.00006041 is offering long-term support. The price broke above the MA50, hinting at a possible continuation of the uptrend. If price stays above these moving averages, it could signal 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 increasing 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 further room to advance without running into overbought conditions.
In terms of possible scenarios, if the price manages to break above the resistance at $0.00009466, it could rise to $0.0001500 or more. On the other hand, if the price fails to break through and falls below $0.00008707 (MA50), it could test the key support level at $0.00006041 (MA200).
A break below this level would signal a bearish reversal. The indicators also suggest further upside potential, but key resistance and support levels will determine the next significant move.
Pepe Unchained Presale Heads Toward $30 Million: Best Coin To Buy Now?
As the price of Moo Deng soars, funds continue to flow into the new PEPE derivative Pepe Unchained (PEPU), which has surpassed $21.6 million in funds raised in its ICO.
Much of the recent momentum has been fueled by crypto whales, which have purchased large chunks of PEPU multiple times this month. The most recent large purchase occurred on October 21, when a whale traded $53,563 worth of ETH for 4.6 million PEPU tokens.
An analyst from YouTube channel 99Bitcoins, which has over 706,000 subscribers, says PEPU could potentially grow 100-fold once it officially launches.
PEPU has its own layer 2 blockchain and is designed to free PEPE from its old cumbersome blockchain on Ethereum.
It will offer transactions up to 100 times faster than Ethereum and with significantly reduced gas fees.
As it is fully compatible with Ethereum dApps, PEPU will allow users to benefit from increased speed while maintaining access to the Ethereum ecosystem.
PEPU will also open its blockchain to the rest of the coin space, creating a scalable framework that could bring the fun, light-hearted 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 grow 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 can be purchased using ETH, USDT, BNB, or bank cards. With a price increase in less than 2 days, buy now at the best price.
Buy PEPU tokens from the official website here.
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