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The Moo Deng price has plunged 22% in the last 24 hours to trade at $0.2055 as of 3:25 a.m. EST on a 4.6 % surge in trading volume to $164 million.
The MOODENG token is based on a pygmy hippo from a zoo in Thailand that went viral online. Even ESPN has picked up on the phenomenon of Moo Deng, which means “bouncy pork” in Thai.
It posted pictures of Moo Deng on its X account wearing various sports vests connected to the WNBA semi-finals.
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
Moo Deng Price Signals A Bullish Trend Reversal
The MOODENG/USD price action shows an upward trend following a parabolic curve, indicating a strong bullish rally. With this sharp increase, the MOODENG price has now consolidated to around the $0.677 level, forming a support zone where the bulls have initiated a reversal
The 50 SMA (simple moving average), represented by the blue line, steadily follows the price action and is currently at $0.1677, coinciding with the support zone. This shows that the overall trend remains bullish. Furthermore, the price staying above this moving average indicates underlying support that is helping to prevent a sharp decline.
MOODENG Analysis Source: Dextools.io
Moo Deng Price Analysis: More Upside Ahead
Upon closer examination, the price has settled into a range following the parabolic rise, indicating consolidation before a possible upward move, as suggested by the chart.
The Relative Strength Index (RSI) is relatively neutral, currently at 48.62, implying that the asset is neither overbought nor oversold. This could allow the bulls to push the Moo Deng price higher.
The Moving Average Convergence Divergence (MACD) shows a bearish setup, with the signal line (orange) above the MACD line (blue) above the neutral level. However, the histogram bars indicate a potential reversal toward the positive side, suggesting that bullish momentum may return, in line with the narrative of further upside potential.
If the price holds above the $0.1677 support level and gains sufficient buying momentum, a rally toward $0.36 to $0.42 could be seen in the short to medium term. On the other hand, if the price fails to maintain this support, it may retest the $0.10-$0.16 region, turning the 50 SMA into resistance.
Flockerz (FLOCK) Gains Momentum With 7,480% APY: Best Crypto To Buy Now?
While the Moo Deng price anticipates a potential bullish rally, the new decentralized project Flockerz (FLOCK) is gaining investor attention in part because of the staggering 7,480% Annual Percentage Yield (APY) on offer for staking FLOCK tokens.
Its presale has already surged past $333,000 in under two weeks since its launch.
Crypto analyst and Youtuber ClayBro, with over 130k subscribers, says that FLOCK could offer 100X gains once it launches.
Flockerz introduces a fresh and unique concept through its vote-to-earn (VTE) platform, focusing on community governance and decentralization. By empowering users to influence the project’s direction, Flockerz gives them the ability to shape its future.
The bird-themed Flockerz enables its community, known as “The Flock,” to actively participate in its decentralized ecosystem, making every user an integral part of the project’s growth.
The innovative VTE system rewards participants for their involvement, allowing holders to earn $FLOCK tokens simply by voting on the project’s future direction.
At the core of it all is Flocktopia, a decentralized autonomous organization (DAO) platform that gives community members a sense of ownership, encouraging them to see how their contributions drive the project’s success.
It’s time to make your voice heard 🗳️🐦 pic.twitter.com/FsM5ekPq5g
— Flockerz (@FlockerzToken) October 1, 2024
In addition to VTE rewards, users can earn passively through the platform’s staking mechanism, which offers an eye-popping annual yield of 7,480%. So far, investors have staked over 24 million $FLOCK tokens. Flockerz has allocated 25% of its tokens for staking.
FLOCK tokens are currently priced at $0.0056785 and can be bought with ETH, BNB, USDT, or a bank card. With the price set to increase in less than 3 days, don’t wait too long to lock in the best deal.
Buy FLOCK on the official website here.
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