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The Moo Deng price plunged 11% in the last 24 hours to trade at $0.1207 as of 03:24 a.m. EST on trading volume that plummeted 14% to $72 million.
Moo Deng Price Aims For A Continued Bullish Trend Reversal
According to GeckoTerminal data, the Moo Deng price has been in a downtrend in the last two weeks as the bears took control of the price within the $0.32 resistance zone.
However, the price seems to have invalidated the falling channel pattern, as MOODENG rose above the upper boundary of the channel. The price of Moo Deng has now established strong support at $0.11, which the bulls could use to stage a further upward movement.
The downtrend in recent times has resulted in the price of Moo Deng to trade below the 50-day Simple Moving Average (SMA), which is now the immediate resistance zone at $0.1471.
The Relative Strength Index (RSI) on the 4-hour chart seems to be rebounding but still trades within the neutral zone. This shows that the asset is neither oversold nor overbought, which means that the price may still be headed towards a major breakout.
If the bulls take control of the price at this level, the price of Moo Deng may soar, as they target the previous resistance level at $0.30.
However, if the bears continue pushing the price even further down, Moo Deng could plunge even further back to the next support zone at $0.0691.
Meanwhile, investors are also buying into the new meme coin Pepe Unchained (PEPU), which YouTube channel 99Bitcoins, with over 706K subscribers, says can potentially surge 100X after launch.
Pepe Unchained Closes On $19 Million
Pepe Unchained has reached another significant milestone by raising over $18.6 million in its blockbuster presale, which is one of the most successful of the year.
Everything is falling into place exactly as it should be. Feels good, man 🐸🧠 pic.twitter.com/vXwFdmkmA8
— Pepe Unchained (@pepe_unchained) September 25, 2024
The idea behind Pepe Unchained is that it will free the OG PEPE from his old, clunky blockchain to embrace the future. The project will thus tackle the scalability, speed, and efficiency issues that plague meme coins like Pepe that are built on Layer-1 blockchains like Ethereum.
Pepe Unchained also allows investors to earn passively through its staking option, which offers an annual percentage yield of 117%.
You can buy $PEPU tokens for $0.00996 each right now. But that price will increase in less than two days, so buy soon to lock in the best deal.
To join the presale, buy $PEPU from the official website here using ETH, USDT, or a bank card.
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