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Cryptocurrency News Articles
NEIRO Coin Surges 3000%, Moo Deng Fizzles: Whales Activity to Fuel Further Gains?
Oct 08, 2024 at 08:39 pm
The recent developments in the cryptocurrency market favored memecoins, especially the newly launched Neiro and Moo Deng. NEIRO coin price surged over 3000%
Memecoins, especially the newly launched NEIRO and Moo Deng, have recently seen a surge in interest within the cryptocurrency market. While the NEIRO coin price continued surging, reaching a new all-time-high, Moo Deng fizzled out its recent gains amid profit booking at the highs.
NEIRO Surged Over 3000%, Hitting Fresh ATH; What’s Next?
NEIRO, a recently launched memecoin, has managed to grab investor attention with its massive outperformance, leaving behind several crypto biggies. Dubbed as the next-generation Dogecoin, NEIRO has continued making new highs and rewarding its investors significantly.
Over the last 48 hours, the NEIRO price has managed to climb more than 50% and reached the top, showcasing a massive buying volume and strong bullish momentum. At press time, the NEIRO coin price was seen trading at $0.001726 with an intraday surge of more than 19%. It boasts a market cap of $726.08 Million and has a circulating supply of 420.69 Billion.
Interestingly, a whale exchanged $1.1 Million worth of $PEPE coins with $NEIRO, leading to a 10% price erosion due to the trade, showcasing a significant shift in the market.
This massive whale activity indicates confidence for NEIRO, guiding a bullish signal based on the market shift. A whale sold $1.1 million pepe and moved all of it into NEIRO (losing 10% due to price impact).
Pepe out, Neiro in? pic.twitter.com/x7h09DxcKp
Moreover, the NEIRO price surged over 19% within a day while the trading volume rose over 75% to $740.10 Million, replicating strong buying interest and positive sentiment among investors. As the NEIRO price reached the blue sky zone, a further upsurge was on the horizon, and investors seemed interested in buying more of the NEIRO coin to enjoy gains, as evidenced by the massive volume surge.
Moo Deng Price Fizzled Out; Will It Retrace To ATH Soon?
The Moo Deng price rally fizzed out slightly bit, and amid waning investor confidence, the altcoin price corrected over 57% from the top. On September 28, 2024, it made its ATH of $0.3428. At press time, Moo Deng was trading at $0.1451 with an intraday bounce of over 15%. This guided buyer accumulation from the 50% Fib retracement zone.
Per the data from Santiment, the weighted sentiment data curve dipped below the midline region. It was noted at 0.89, implying a shift in investor confidence.
Yesterday, the Neiro coin made a bullish doji candlestick near the crucial pivot, finding pivotal support around $0.1000 and attempting a rebound. Until the token trades above the support, chances of recovery are imminent. A bullish reversal could be seen in the following sessions.
For confirmation, bulls need to break the upside barrier of $0.1800 to accelerate the recovery ahead. The RSI and MACD indicated a significant bullish bias per the recent recovery in the last few hours. Despite the recent profit booking move, there is a possibility that Moo Deng’s price could revisit its ATH mark soon.
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
Disclaimer:info@kdj.com
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- Cardi B Promotes New Memecoin Called “WAP” on X (Formerly Twitter), but Fans Question Its Authenticity
- Oct 09, 2024 at 12:25 am
- American A-list celebrity rapper Cardi B posted on X (formerly Twitter) this morning, promoting a new memecoin called “WAP,” named after her hit song with Megan Thee Stallion. However, many of her fans are questioning if the post was real or if her account had been hacked.
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- Bitcoin (BTC) Likely To Reach A New All-Time High By The Year's End
- Oct 09, 2024 at 12:25 am
- Timothy Peterson, an author and network economist has cited a positive outlook for Bitcoin in Q4 of 2024, predicting that the crypto asset could be gearing up for a short-term price surge, possibly to a new all-time before the end of the year.