{"id":583299,"date":"2024-10-03T14:29:02","date_gmt":"2024-10-03T14:29:02","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=583299"},"modified":"2024-10-03T14:29:02","modified_gmt":"2024-10-03T14:29:02","slug":"moo-deng-price-prediction-moodeng-plummets-15-as-traders-flock-to-this-new-meme-coin-ico-with-a-6107-apy","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/moo-deng-price-prediction-moodeng-plummets-15-as-traders-flock-to-this-new-meme-coin-ico-with-a-6107-apy","title":{"rendered":"Moo Deng Price Prediction: MOODENG Plummets 15% As Traders Flock To This New Meme Coin ICO With A 6,107% APY"},"content":{"rendered":"
The Moo Deng price <\/span>plummeted<\/span><\/a> 15% in the last 24 hours to trade at $0.1969 as of 7:41 a.m. EST as investors dump their holdings in the meme coin.<\/span><\/p>\n Despite the 24-hour drop, the MOODENG price is still in the green by more than 61% over the past 7 days and is up an impressive 468% on the monthly time frame.<\/span><\/p>\n 4-hour chart for MOODENG\/USD (Source: <\/span>GeckoTerminal<\/span><\/a>)<\/span><\/p>\n The <\/span>Moo Deng<\/span><\/a> price has entered into a consolidation channel between $0.1626 and $0.2420 in the last 24 hours. Should the meme coin drop below the $0.1626 support in the next 24 hours, it could be exposed to the risk of falling to the next technical safety net at $0.1048.<\/span><\/p>\n On the other hand, a break above the $0.2420 resistance level could give the crypto the foundation needed to continue rising. Buyer might subsequently push MOODENG to as high as $0.3287 in the short term.<\/span><\/p>\n Technical indicators on MOODENG’s 4-hour chart warn that the Moo Deng price might keep falling in the next 24 hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators are showing bearish signs.<\/span><\/p>\n Currently valued below the 50 benchmark, the RSI on the 4-hour chart suggests that sellers are in control of the Moo Deng price. As such, it will be easier for bears to push MOODENG down in the next 24 hours than it will be for bulls to push it up during the same period.<\/span><\/p>\n Meanwhile, the MACD line is positioned below the MACD Signal line to indicate that <\/span>MOODENG<\/span><\/a> is in a bearish cycle. In the last couple of hours, the gap between these two technical indicators has started to increase. Traders might see this as a sign of MOODENG’s bearish momentum intensifying.<\/span><\/p>\n If these technical warnings are validated in the coming 24 hours, the Moo Deng price will likely end up losing the aforementioned $0.1626 support and potentially fall to $0.1048.<\/span><\/p>\nThe Moo Deng Price Enters Consolidation<\/span><\/h2>\n
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Technicals Warn The Moo Deng Price Could Continue To Fall In The Next 24 Hours<\/span><\/h2>\n