{"id":586222,"date":"2024-10-11T10:28:29","date_gmt":"2024-10-11T10:28:29","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=586222"},"modified":"2024-10-11T10:28:29","modified_gmt":"2024-10-11T10:28:29","slug":"moo-deng-price-prediction-moodeng-plummets-11-but-this-pepe-derivative-ico-goes-ballistic","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/moo-deng-price-prediction-moodeng-plummets-11-but-this-pepe-derivative-ico-goes-ballistic","title":{"rendered":"Moo Deng Price Prediction: MOODENG Plummets 11%, But This PEPE Derivative ICO Goes Ballistic"},"content":{"rendered":"

The Moo Deng price plunged 11% in the last 24 hours <\/span>to trade at $0.1207<\/span><\/a> as of 03:24 a.m. EST on trading volume that plummeted 14% to $72 million.<\/span><\/p>\n

Moo Deng Price Aims For A Continued Bullish Trend Reversal<\/h2>\n

According to <\/span>GeckoTerminal<\/span><\/a> data, the Moo Deng price has been in a downtrend in the last two weeks as the bears took control of the price within the $0.32 resistance zone.<\/span><\/p>\n

However, the price seems to have invalidated the falling channel pattern, as MOODENG rose above the upper boundary of the channel. The price of Moo Deng has now established strong support at $0.11, which the bulls could use to stage a further upward movement.<\/span><\/p>\n

The downtrend in recent times has resulted in the price of Moo Deng to trade below the 50-day Simple Moving Average (SMA), which is now the immediate resistance zone at $0.1471.<\/span><\/p>\n

The Relative Strength Index (RSI) on the 4-hour chart seems to be rebounding but still trades within the neutral zone. This shows that the asset is neither oversold nor overbought, which means that the price may still be headed towards a major breakout.<\/span><\/p>\n

If the bulls take control of the price at this level, the price of Moo Deng may soar, as they target the previous resistance level at $0.30.<\/span><\/p>\n

\"Moo
MOODENGUSD Chart Analysis Source: GeckoTerminal.com<\/figcaption><\/figure>\n

However, if the bears continue pushing the price even further down, Moo Deng could plunge even further back to the next support zone at $0.0691.<\/span><\/p>\n

Meanwhile, investors are also buying into the new meme coin <\/span>Pepe Unchained (PEPU)<\/span><\/a>, which YouTube channel <\/span>99Bitcoins, with over 706K subscribers, says can potentially surge 100X after launch.<\/span><\/p>\n