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The Moo Deng price has soared 62% in the last 24 hours to trade at $0.2549 as of 6:15 p.m. EST on a 103% surge in trading volume to $165 million.
The rising popularity of Moo Deng, a pygmy hippo from Thailand, has caused the hippo-themed token MOODENG to soar in value.
Its remarkable growth has propelled MOODENG into the top 250 cryptocurrencies with a market capitalization of $248 million.
Moo Deng the most beautiful girl in the world pic.twitter.com/GpxP62Z18p
— 💖 (@twaniimals) September 26, 2024
The lovable baby hippo, whose name translates to “bouncy pork” in Thai, became a global sensation following her birth in July 2024.
Adorable social media posts by her zookeeper quickly won over fans worldwide, leading to her image becoming ubiquitous across memes, merchandise, and even advertisements.
Moo Deng Price Continues The Uptrend Along The Parabolic Curve
The MOODENG/USD price on the 4-hour chart shows a strong upward trend driven by a bullish momentum. According to GeckoTerminal data, the price has followed a parabolic curve, indicating an accelerated move upward. This kind of price action often reflects aggressive buying, but it can also signal that the trend may not be sustainable in the long term, which could lead to a potential correction in the future.
A support zone is clearly visible, where the token consolidated before breaking out into the current parabolic rise. This support zone will be critical if the price pulls back, as it could provide a floor to prevent further declines.
MOODENGUSD Analysis Source: Dextools.io
As for the moving averages, the 50-Simple Moving Average (SMA) is currently well below the price at $0.08708. This significant gap reflects the strength of the recent bullish breakout. Should the price retrace, the 50-SMA is likely to act as a dynamic support level.
The 200-SMA is not visible on this chart, but it is positioned much lower, further confirming the strength of the ongoing trend over a longer time frame.
Moo Deng Price Technicals Signal Bullish Continuation
The MACD (Moving Average Convergence Divergence) indicator shows strong bullish signals. MACD average line is significantly above the signal line, and the increasing distance between them suggests growing buying pressure. The MACD histogram is also positive, indicating that the bullish momentum is gaining strength.
However, the RSI (Relative Strength Index) stands at 81.46, which is high in overbought territory (above 70). While the bullish momentum is strong, this overbought condition indicates that the Moo Deng price could be due for a short-term correction or consolidation, as overbought levels often precede a pullback.
Moo Deng price shows a very strong bullish trend, supported by the parabolic price movement and positive MACD signals. However, traders should watch the overbought RSI, indicating a correction may be imminent. This could cause potential pullbacks to key levels, such as the support zone and the 50-SMA, for possible buying opportunities.
Memebet Casino (MEMEBET Token) Surges Past $312k: Next Crypto To Explode?
Meanwhile, as the Moo Deng price continues its bullish rally, the new meme coin casino project Memebet Casino (MEMEBET Token) is surging in presale with more than $312K raised in early funding.
Popular crypto analyst and YouTuber ClayBro, who has over 130K subscribers, claims that early investors could see massive gains once MEMEBET Token launches.
Memebet Casino is unique in allowing online casino users to bet with popular meme coins like Dogecoin, Pepe, and Shiba Inu. Unlike many other casinos, it will be available on Telegram and will operate without requiring any Know-Your-Customer (KYC) process.
The platform will feature various options, including slots, table games, and sports betting. In addition, the project promises exclusive rewards for $MEMEBET Token holders and high-stakes players. These rewards include special bonuses and access to a VIP community where the most dedicated bettors will unlock unique privileges.
Bro's asking the right questions 🧐#MemeBet #Presale & #Airdrop soon ⏰
The number one place for #Crypto gaming and more! 💥 🎰$FTM $BTC #SOL #Bonk #WIF #Doge #BOME #Altseason pic.twitter.com/NLds73vdTX
— MemeBet (@Memebetcasino) May 19, 2024
Airdrops and Exclusive Rewards Ahead
MEMEBET Token has set aside 400 million tokens for airdrops and community rewards. To participate in the first season of the airdrop, users can purchase and wager $MEMEBET Token during the presale to earn airdrop points, securing future rewards.
Additionally, token holders will gain access to special challenges and exclusive bonuses once the casino launches. The developers have allocated 20% of the total 2 billion token supply for casino rewards, including airdrops and lootboxes. These lootboxes will offer token holders various bonuses, freebies, and even real-world prizes.
Currently priced at $0.0254, the MEMEBET Token has no minimum investment requirement. Investors can purchase it using $ETH, $BNB, $MATIC, $USDT, or a credit/debit card. The price is set to increase in about a day, so early buyers should act quickly.
Buy MEMEBET Token on the official website here.
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