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The price of Moo Deng has climbed 39% in the past 24 hours to trade at $0.08638 at 7:15 a.m. EST on a 57% increase in trading volume to $48.5 million.
Pygmy hippo Moo Deng has captured hearts around the world from his home in a Thai zoo, becoming an internet sensation.
Inspired by her, the Solana-based meme coin Moo Deng (MOODENG) was launched on the Pump.fun platform and reached a market cap of $70 million in just two weeks.
Moo deng is never dry or calm 😭 pic.twitter.com/EgUpj64Ad3
— Nature is amazing ☘️ (@AMAZlNGNATURE) September 19, 2024
Moo Deng price forms a bullish pennant in a rising channel
The MOODENG/USD pair on a 15-minute time frame is in a clear uptrend. The price is currently at $0.08935, which represents a 3.26% increase during the session. The price action is contained within a well-defined ascending channel, indicating a strong uptrend.
Price is trading near the upper boundary of the channel, and the upward arrow suggests the potential for an upside breakout, signaling further gains in the near term.
MOODENDUSD Analysis Source: Dextools.io
The 50-period simple moving average (SMA) is currently at $0.0863, supporting the price well above this level. The 200-period SMA, which is at $0.0641, is also well below the current price, reinforcing the long-term bullish sentiment. The wide gap between the 50 and 200-period SMAs further supports this positive sentiment.
The Moving Average Convergence Divergence (MACD) indicator shows the MACD line (blue) slightly below the signal line (orange) but close to a potential bullish crossover. If this crossover occurs, it would confirm a buy signal, reinforcing the bullish momentum.
Additionally, the Relative Strength Index (RSI) is at 51.90, which is neutral. This indicates that there are no overbought or oversold conditions for Moo Deng price. This means that the price has room to move higher before becoming overbought, allowing for more upside potential.
Key support levels are around the 50-day moving average at $0.0863 and the lower boundary of the ascending channel. Resistance is currently being tested at the upper boundary of the rising channel, and a break above this level would likely lead to further gains.
Crypto All Stars (STARS) Raises $1.6M: What’s the Best Crypto to Buy Now?
As Moo Deng price traders anticipate further upside above the pennant, a new meme coin called Crypto All Stars (STARS) saw an increase in pre-sale funding to exceed $1.6 million.
An analyst from the popular YouTube channel 99 Bitcoins, with over 706,000 subscribers, claims that STARS has the potential to grow 100x upon launch.
Crypto All Stars offers real utility through its “MemeVault” feature, which allows holders of popular meme coins to stake their assets and earn rewards in $STARS tokens.
MemeVault uses the ERC-1155 standard, which allows you to stake meme coins from different blockchains without the need for multiple wallets or platforms. The more $STARS tokens you hold, the greater the rewards.
At launch, MemeVault will support 11 popular meme coins including Pepe Coin, Dogecoin, Shiba Inu, Floki Inu and others, with plans to add more in the future.
What is Crypto All-Stars?
Crypto All-Stars is set to revolutionize the meme coin industry with its innovative “Meme Vault” platform. 💥
This is more than just a meme coin: it’s a whole new way to interact with the meme coin ecosystem!
– web3telepath (@web3telepath) August 15, 2024
Crypto All-Stars also offers staking for $STARS itself, with an impressive annual percentage yield (APY) of 929%. Be aware that as new investors join, the yields will decrease.
You can buy $STARS with $ETH, $BNB, $USDT, or a credit card for $0.0014652 per token. But don’t wait too long to buy because the price will increase in less than three days.
Buy $STARS on its official website here for 929% APY.
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