{"id":585408,"date":"2024-10-09T14:35:17","date_gmt":"2024-10-09T14:35:17","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=585408"},"modified":"2024-10-09T14:35:17","modified_gmt":"2024-10-09T14:35:17","slug":"moo-deng-price-prediction-moodeng-soars-11-amid-whale-fomo-frenzy-around-pepe-unchained-ico","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/moo-deng-price-prediction-moodeng-soars-11-amid-whale-fomo-frenzy-around-pepe-unchained-ico","title":{"rendered":"Moo Deng Price Prediction: MOODENG Soars 11% Amid Whale FOMO Frenzy Around Pepe Unchained ICO"},"content":{"rendered":"

The Moo Deng price <\/span>soared<\/span><\/a> more than 11% in the last 24 hours to trade at $0.1654 as of 7:22 a.m. EST as investors rush to buy the meme coin.<\/span><\/p>\n

With the recent surge in the <\/span>MOODENG<\/span><\/a> price, the crypto has skyrocketed more than 377% over the past 30 days.<\/span><\/p>\n

The Moo Deng Price Approaching A Major Resistance<\/span><\/h2>\n

\"MOODENG<\/p>\n

4-hour chart for MOODENG\/USD (Source: <\/span>GeckoTerminal<\/span><\/a>)<\/span><\/p>\n

A positive trend line has emerged on the 4-hour chart for Moo Deng, with the meme coin now attempting to flip the resistance level at $0.2290 into support. Should the crypto clear this technical barrier, it could have the foundation needed to keep climbing through the course of the next trading day. MOODENG might subsequently climb to as high as $0.3785 in the short term.<\/span><\/p>\n

On the other hand, the <\/span>Moo Deng<\/span><\/a> price failing to break above the $0.2290 obstacle within the next 24 hours could prevent a bullish move from happening. In this alternative case, traders might end up panicking and potentially dump their holdings in the meme coin. MOODENG could then fall to the immediate support level at $0.0723.<\/span><\/p>\n

The Moo Deng Price Starting To Lose Some Of Its Bullish Strength<\/span><\/h2>\n

Technicals suggest buyers seem to have the upper hand against sellers, but are slowly starting to lose their grip on the meme coin’s price. The Relative Strength Index (RSI) line is positively sloped above the 50 benchmark, which suggests buyers are currently stronger than sellers.<\/span><\/p>\n

Meanwhile, the Moving Average Convergence Divergence (MACD) line is positioned above the MACD Signal line to indicate that the Moo Deng price is in a positive trend. However, the gap between these two technical indicators is starting to shrink, which could be a very early sign of the meme coin’s bullish cycle coming to an end.<\/span><\/p>\n

As MOODENG tries to keep its bullish momentum alive, layer-2 meme coin rival <\/span>Pepe Unchained (PEPU)<\/span><\/a> continues to pull investors in at a rapid pace with its ongoing ICO.<\/span><\/p>\n

A Meme Coin With Unprecedented Levels Of Utility<\/span><\/h2>\n

Unlike the meme coins that came before it, Pepe Unchained (PEPU) will not rely solely on community hype to gain traction in the crypto market. Instead, the project comes with levels of utility on par with that of Ethereum, Solana and other major blockchain projects.<\/span><\/p>\n

Through its native layer-2 network, Pepe Unchained aims to move the booming meme coin sector into a more scalable era. By taking over the transaction processing workload of the meme coin space from networks like Ethereum, Solana and the TON chain, Pepe Unchained grants backers of these tokens access to much faster transaction speeds and much lower fees.<\/span><\/p>\n

Popular meme coin PEPE will be the first crypto that the project will attempt to scale. Thereafter, Pepe Unchained will open up its computational resources to the rest of the meme coin sector.<\/span><\/p>\n

In addition to its layer-2 capabilities, the project will also welcome several decentralized applications (dApps) to its ecosystem soon following the launch of Pepe Unchained’s developer grant program. <\/span><\/p>\n

With all of this upcoming utility and its appeal to meme coin investors, it’s easy to see why analysts and experts are bullish on PEPU. <\/span><\/p>\n

I<\/span>n a video to his 275K subscribers, popular YouTuber Austin Hilton shared that he recently doubled his $10K investment in the crypto.<\/span><\/p>\n