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The Moo Deng price has soared 11% in the last 24 hours to trade at $0.2569 as of 3:15 a.m. EST on a 5% surge in trading volume to $156 million.
Moo Deng, a two-month-old pygmy hippo born at Khao Kheow Open Zoo in Thailand, has quickly become the internet’s newest viral sensation, and now it’s making waves in the crypto world, too.
Social media is buzzing with stories of MOODENG’s success, including one trader who reportedly turned an $800 investment into a staggering $1.3 million in just two weeks.
TRADER TURNS $800 INTO $1.3M
Remember this guy?
Trader Db3p turned 6 SOL ($800) into $400K in our last post.
He’s now up to $1.3M. https://t.co/Pnm3TFi9HR
— Arkham (@ArkhamIntel) September 23, 2024
Moo Deng, which means “bouncy pork” in Thai, is also gaining popularity alongside the excitement of the WNBA playoffs. Both traders and sports fans are backing MOODENG as its value rises, reflecting the intensity of the games.
MOODeng for the WNBA semifinals getting started today🔥
Aces-Liberty | 3:00 PM ET on ABC
Sun-Lynx | 8:30 PM ET on ESPN pic.twitter.com/W3T1fENykJ— ESPN (@espn) September 29, 2024
With recent price increases and growing community support, MOODENG could see even more growth as investors take advantage of the buzz surrounding big events like the WNBA semi-finals.
we are all moo deng pic.twitter.com/I9MOvdaARW
— beeple (@beeple) September 30, 2024
Moo Deng Price Rebounds On Support
The MOODENG/USD pair indicates a rapid upward movement as the price action follows a parabolic curve, showcasing a classic phase of exponential growth often seen during strong bullish rallies. After this sharp rise, the MOODENG price is now consolidating around the $0.2496 level, forming a support zone** as indicated on the chart.
The 50 SMA (simple moving average), shown in blue, is steadily trailing the price action and is now at $0.1499. This signals that the short-term trend is still bullish. Additionally, the price remains above this moving average, indicating that there is underlying support preventing a sharp decline.
MOODENG Analysis Source: Dextools.io
Moreover, the major support level is drawn from an earlier period of accumulation near $0.0669, suggesting that the price has key safety nets in case of downward pressure.
Moo Deng Price Poised for Another Rally: Consolidation Signals Potential Upside
Looking closely, the price has settled into a range after the parabolic rise, consolidating before what could be another move upward, as the chart indicates. This type of consolidation often happens after large surges, where the market “catches its breath” before resuming an uptrend.
This idea is reinforced by the relatively neutral relative strength index (RSI) trading at 55.79, which implies that the asset is neither overbought nor oversold but could allow the bulls to drive the Moo Deng price up.
The moving average convergence divergence (MACD) below the price chart also shows a slightly bullish setup. Although the signal line (orange) has crossed below the MACD line (blue), the histogram bars show a potential reversal toward the positive side. This could mean that bullish momentum is returning, aligning with the narrative of potential further upside.
If the price holds above the $0.2496 support and gains enough buying momentum, we could see a rally toward $0.35 to $0.40 in the short to medium term.
However, if the price fails to sustain this support level, it could retest the $0.15-$0.20 region, where the 50 SMA could provide further support.
Vote-to-Earn Rival Flockerz Raises $325k In Presale: Best Crypto To Buy Now?
As the Moo Deng price anticipates a potential bullish rally, the new decentralized project Flockerz (FLOCK) is reshaping the meme coin sector with its Vote-to-Earn mechanism, having raised over $325K in less than two weeks since its presale launched.
This bullish momentum has caught the eye of crypto analyst and Youtuber ClayBro, with over 130k subscribers, who says that FLOCK could offer 100X gains once it launches.
Flockerz emphasizes community governance and decentralization. By allowing users to influence the direction of the project, Flockerz gives them the power to shape its future.
Unlike centralized projects where decisions are made by a single entity, the bird-themed Flockerz empowers its community, known as “The Flock,” to play an active role in its decentralized ecosystem. This makes every user an important part of the project’s growth.
That means investors will be rewarded with FLOCK tokens for participating in votes, a move that incentivizes engagement and aligns holders’ interests with the project’s success.
The flock is flying high! We’ve officially crossed $300K! pic.twitter.com/MsLc5PeoyX
— Flockerz (@FlockerzToken) September 28, 2024
At the center of it all is Flocktopia, the decentralized autonomous organization (DAO) platform that gives community members a sense of ownership and encourages them to see how their involvement drives the project’s success.
Earn High APY Through Staking
Flockerz has allocated 25% of its tokens for staking, allowing holders to earn passive income. This encourages long-term investment and helps stabilize the token.
Investors can buy and stake their tokens, with the potential to earn an off-the-charts annual percentage yield (APY) of 7,905%.
FLOCK tokens are currently priced at $0.0056559 and can be bought with ETH, BNB, USDT, or a bank card. With the price set to increase in less than 22 hours, buying now will deliver the best deal.
Buy FLOCK on the official website here.
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