Moo Deng Price Prediction: MOODENG Surges 692% In A Week, But Analysts Say Consider This Solana Layer-2 Presale Token For 100X Gains

The Moo Deng price surged 692% in the last week and 30% in the last 24 hours to trade at $0.3018 as of 12:18 a.m. EST on a 17% rise in trading volume to $976 million.

Moo Deng Price On A Sustained Uptrend – Upcoming Reversal?

The recent MOODENG price action reveals a dramatic bullish breakout from a prolonged accumulation phase. The Moo Deng price formed a rounded bottom pattern over several months, culminating in a parabolic upward move.

MOODENG has since surged past previous resistance zones with high momentum, breaching the 50-day Simple Moving Average (SMA) at $0.0577 and the 200-day SMA at $0.1720 with ease, as data from GeckoTerminal shows. 

Currently, the price of Moo Deng trades around $0.3018, just below the 0.5 Fibonacci retracement level ($0.3465) measured from its previous high to the lowest base point near $0.0025. 

This zone is historically considered a key resistance area, often signaling the midpoint of a potential retracement or continuation.

Despite the recent dip from local highs, the overall trend remains sharply bullish, although some short-term cooling appears imminent due to overextension.

Meanwhile, the Relative Strength Index (RSI) sits at an extremely elevated 90.94. An RSI above 70 typically denotes overbought conditions, reflecting excessive bullish pressure. This suggests that a pullback or consolidation is highly probable in the near term for the Moo Deng price.

The Moving Average Convergence Divergence (MACD) line (blue) is currently above the signal line (orange) as well, and both are above the zero line, confirming a strong bullish momentum.

Moo Deng Price Prediction

Given the parabolic rise and the current position below a major Fibonacci resistance level at $0.3465, a minor pullback or sideways consolidation is likely in the immediate term. If the Moo Deng price successfully retraces, the 200-day SMA ($0.1720), or even the 50-day SMA ($0.0577) would offer enough support.

Moreover, failure to hold the $0.2653 support level (0.618 Fib) may lead to a deeper retracement toward $0.1497 (0.786 Fib), which would still maintain the bullish macro structure if respected.

In a bullish scenario, a break above the 0.5 Fibonacci level could push MOODENG toward $0.4277 (0.382 Fib) and potentially $0.5281 (0.236 Fib).

Meanwhile, investors are flocking to buy a new Solana project called Solaxy (SOLX). Popular YouTube channel 99Bitcoins, with over 725K subscribers, says the crypto has the potential to soar 100X post-launch.

Best MOODENG Alternative – Solaxy Presale Closes On $36 Million

Solaxy, a new crypto project in its presale phase, is positioning itself to save and upgrade the Solana ecosystem amid congestion issues.

The project aims to address those issues by implementing off-chain processing mechanisms similar to Ethereum’s layer-2 solutions. Platforms like Arbitrum and Optimism have already proven this model successful.

By processing transactions off of Solana’s main chain, bundling them together, and submitting them to the mainnet for final verification, Solaxy’s system enhances the network’s efficiency.

As Solana’s first layer-2, Solaxy is not a fix to Solana but rather an enhancement, designed to supercharge the network with a second, ultra-fast engine that can process transactions in parallel with the mainnet. 

With over $35.5 million already raised, and $500K raised in just the last 24 hours, investors clearly see Soalxy as the upgrade Solana’s been waiting for.

Once launched, Solaxy will also provide a platform where developers can build decentralized applications or launch new tokens without compromising Solana’s layer-1 capabilities. 

And recently, new developments have been announced by the project’s team, showing just how much progress is being made to get Solana’s first layer-2 ready for primetime.

🚀 Solaxy Development Update! 🚀

Behind the scenes, the Solaxy team has been making powerful strides to drive the project forward:

◉ Node Performance

◎ Updated key dependencies to speed up node syncing significantly.
◎ Quicker restarts and smoother database schema changes.… pic.twitter.com/vVKht1raPy

— SOLAXY (@SOLAXYTOKEN) May 9, 2025

Investors interested in participating in the presale can visit the official Solaxy website to buy SOLX tokens for $0.001724 each using BNB, ETH, USDT, or a bank card. 

Solaxy also offers holders who stake SOLX a huge annual yield of 113%.

Interested investors will want to buy SOLX before the next presale price hike in around 32 hours.

Visit the Solaxy website.

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