Moo Deng Price Prediction: MOODENG Goes Ballistic With 48% Surge, But Experts Say Consider This Bitcoin Layer-2 Presale With 100X Potential

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Moo Deng price
Moo Deng price

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The Moo Deng price soared 48% in the last 24 hours to trade at $0.2060 as of 3:30 a.m. EST on trading volume that skyrocketed 637% to $369.52 million.

The MOODENG price blew up yesterday, potentially due to the proximity of Moo Deng’s birthday, which the project plans to celebrate on July 10, inviting others to join.

Moo Deng Price Prediction

The Moo Deng price soared by nearly 60% initially, surging from $0.139 to $0.22 in the last 24 hours. The price increase began gradually, reaching a resistance at $0.17, which halted its progress for approximately six hours. The price then saw a massive spike up, which broke the resistance and took it to the next one at $0.22. Once here, the token was rejected again, causing it to drop to $0.20, which is where it sits at the time of writing.

Its Bollinger Bands saw a massive widening during the surge, sending out highly bullish signals, and inviting more traders and investors to join.

Moo Deng Price Prediction

MOODENG/USDT chart analysis (Source: TradingView)

Its RSI also saw strong performance in the last two days. On July 1, it fluctuated between the oversold zone and the neutral value of 50, only to then rise above 50 and start fluctuating between 50 and 60 for the first half of July 2. Yesterday afternoon, the token’s RSI value soared to 90, with fluctuations between 90 and 80 that persisted for over six hours.

Finally, the RSI dipped to 50 again as traders took profit, only to reach 84.51 again in the early hours of July 3. Currently, however, it is once again dropping toward 50, as traders are selling again. Many might use this as an opportunity to buy the dip and cause the price to rebound.

Promising Alternative To Moo Deng

With the Moo Deng price currently on the decline, investors are turning their attention to Bitcoin Hyper (HYPER). This is a new Bitcoin meme coin and also the first Bitcoin-based layer-2 project.

Bitcoin Hyper’s goal is to utilize L2 technology to enhance the scalability and speed of the Bitcoin ecosystem. It believes that this will unlock its true power and much greater capabilities, enabling faster payments, cheaper transactions, as well as meme coins, dApps, and other similar products in this ecosystem.

Currently still in presale, the project’s promise of revolutionizing the Bitcoin network and bringing a lasting change to it has attracted quite a few investors. The ICO has already raised over $1.88 million.

Not to mention that crypto experts from all around the world are speculating about its growth potential. Among them is crypto YouTuber, Borch Crypto, who has over 91.6k subscribers and recently said that this might be a 100x Bitcoin L2 opportunity.

If you wish to join others who have bought HYPER for only $0.012125 apiece, buy the token now, as its price is scheduled to increase in around 30 hours.

Visit the HYPER website.

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