MOODENG Plummets 17% In A Month As Traders Flock To This Modern Staking Meme Coin With 100X Potential

The Moo Deng worth surged 4% within the final 24 hours to commerce at $0.2256 as of three.23 a.m. EST on buying and selling quantity that plunged 30% to $162.58 million.

The favored meme coin primarily based on a real-life pygmy hippo from Thailand has seen a significant worth drop by most of October, one thing that lastly began to vary on October 25 when its worth jumped by over 164%.

Even so, the MOODENG worth suffered a rejection after reaching the barrier at $0.25, leading to a 17% drop in comparison with the identical time final week. The venture’s worth drop comes as a part of the bearish wave that affected the broader market over the weekend.

MOODENG reached the resistance at $0.25 on early Sunday morning, just for its worth to start out spiraling down instantly after that to the assist at $0.20. Nevertheless, the beginning of the brand new week is seemingly bringing a restoration, not just for the hippo meme coin however the wider market as effectively.

Moo Deng Value Prediction

Even supposing its month-to-month efficiency is pretty unimpressive, the MOODENG worth is doing exceptionally effectively on the time of writing. The token began a restoration a number of hours in the past and is now skyrocketing as the beginning of the week is bringing forth a brand new rally.

The venture’s Bollinger bands have began widening significantly with the value pushing the higher band additional up, after beforehand balancing across the center vary between the 2 bands.

In the meantime, Moo Deng’s Relative Energy Index (RSI) worth began skyrocketing across the similar time, going from the sting of the oversold space to the start of the overbought zone. This fast worth surge is prone to lead to one other rejection, as merchants are doubtless ready for the RSI to hit the worth of 70 earlier than they begin promoting once more with a purpose to take revenue.

Nevertheless, on condition that the bull run has seemingly unfold all through the market, MOODENG might but breach the resistance and switch it into a brand new assist, though that is much less doubtless given how fast the surge was.

Sometimes, sharp worth boosts lead to equally sharp drops, so anybody seeking to purchase MOODENG within the subsequent few hours ought to concentrate on the truth that a dip might occur as soon as the technical indicators attain a essential level.

Promising Different to Moo Deng

With the value of Moo Deng surging and presumably about to see one other rejection, buyers would possibly need to take into account a meme coin presale like Crypto All-Stars (STARS).

The venture has already raised over $2.81 million and ClayBro, a YouTuber with over 130k subscribers, says it would present returns of 67x after launch.

Funds are pouring into Crypto All-Stars as a result of the venture has developed a singular multi-coin sensible contract that focuses on the trade’s largest meme cash.

Often known as MemeVault, it permits customers to stake a number of meme cash collectively on a single platform for the primary time. It is going to be potential to stake eleven prime meme cash on the platform after launch, together with Dogecoin, Shiba Inu, Pepe, Brett, Turbo, and Bonk.

Extra meme cash will probably be added within the coming weeks.

This positions Crypto All-Stars as the longer term epicenter of meme coin staking. Consequently, STARS  is now approaching $3 million in funds raised.

STARS tokens promote for $0.0015309 apiece proper now and could be purchased with USDT, ETH, BNB, DOGE, FLOKI, PEPE, SHIB, or credit score/debit playing cards.

Buy STARS here earlier than a worth hike in lower than 3 days.

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