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Cryptocurrency News Articles
Moo Deng Price Forms A Bullish Pennant Within A Bullish Channel
Sep 25, 2024 at 11:45 pm
The Moo Deng price has pumped 39% in the last 24 hours to trade at $0.08638 as of 7:15 a.m. EST on a 57% surge in trading volume to $48.5 million.
The price of Moo Deng has surged 39% over the past 24 hours, and it is now trading at $0.08638 as of 7:15 a.m. EST on Monday. This comes amid a 57% surge in trading volume, which now stands at $48.5 million.
Meanwhile, pygmy hippo Moo Deng continues to charm hearts across the globe from her home in a Thailand zoo. Having become an internet sensation, Moo Deng has inspired the launch of a Solana-based meme coin called Moo Deng (MOODENG) on the Pump.fun platform. Remarkably, this meme coin has soared to a market capitalization 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 Within a Bullish Channel
On the 15-minute time frame, the MOODENG/USD pair is displaying a clear bullish trend. At the time of writing, the price is up 3.26% for the session, and the price action is contained within a well-defined ascending channel, which is indicative of a strong uptrend.
The price is trading near the upper boundary of the channel, and the upward arrow suggests the potential for a breakout to the upside, which could signal further gains in the near term.
MOODENDUSD Analysis. Source: Dextools.io
The 50-period simple moving average (SMA) is currently at $0.0863, which is providing good support for the price as it trades well above this level. Adding to this, the 200-period SMA is also far below the current price at $0.0641, which further reinforces the bullish sentiment in the longer time frame. The large gap between the 50 and 200 SMA also contributes to this positive sentiment.
Coming to the Moving Average Convergence Divergence (MACD) indicator, we can see that the MACD line (blue) is trailing slightly below the signal line (orange), which is close to forming a bullish crossover. If this crossover occurs, it will confirm a buying signal and reinforce the upward momentum.
Furthermore, the Relative Strength Index (RSI) is valued at 51.90, which is a neutral reading as it does not indicate any overbought or oversold conditions for the Moo Deng price. This suggests that the price has more room to move higher before becoming overbought, allowing for further upside potential.
As for key support levels, they lie around the 50 SMA at $0.0863 and the lower boundary of the ascending channel. On the other hand, resistance is currently being tested at the upper boundary of the bullish channel, and a breakout above this level will likely lead to further gains.
Crypto All Stars (STARS) Raises $1.6 Million; Best Crypto To Buy Now?
As Moo Deng price traders anticipate a further bullish rally above the pennant, a new meme coin called Crypto All Stars (STARS) has seen a surge in presale funding to take it past $1.6 million.
An analyst from the popular 99 Bitcoins YouTube channel, which has over 706k subscribers, believes that STARS has the potential to surge 100X when it launches.
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, allowing meme coins from different blockchains to be staked without needing multiple wallets or platforms. The more $STARS tokens you hold, the bigger 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 sector with its innovative ‘Meme Vault’ platform. 💥
This is more than just another meme coin – it's an entirely 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%. Beware that as more investors join, the returns will decrease.
You can buy $STARS with $ETH, $BNB, $USDT, or a bank card for $0.0014652 per token. But don’t wait too long to buy because the price will increase in less than three days.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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