{"id":627766,"date":"2025-02-18T15:22:32","date_gmt":"2025-02-18T15:22:32","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=627766"},"modified":"2025-02-18T15:22:32","modified_gmt":"2025-02-18T15:22:32","slug":"is-it-too-late-to-buy-moodeng-moo-deng-price-soars-9-as-traders-flock-to-this-meme-coin-ico-giving-away-bitcoin","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/is-it-too-late-to-buy-moodeng-moo-deng-price-soars-9-as-traders-flock-to-this-meme-coin-ico-giving-away-bitcoin","title":{"rendered":"Is It Too Late To Buy MOODENG? Moo Deng Price Soars 9% As Traders Flock To This Meme Coin ICO Giving Away Bitcoin"},"content":{"rendered":"

The Moo Deng price pumped over 9% in the last 24 hours to trade at $0.00007143 as of 7:00 a.m. EST as investors go long on the meme coin.<\/span><\/p>\n

Despite the 24-hour gain posted by the MOODENG price, the crypto is still more than 5% in the red on the weekly time frame.<\/span><\/p>\n

Moo Deng Price Trying To Break Resistance<\/span><\/h2>\n

\"MOODENG<\/p>\n

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

The Moo Deng price is attempting to overcome the resistance level at $0.00007466, <\/span>GeckoTerminal data<\/span><\/a> shows. Should the <\/span>meme coin<\/span><\/a> break above this technical barrier in the next 12 hours, it could have the foundation needed to rise to the subsequent resistance at $0.00008195.<\/span><\/p>\n

In a more bearish scenario, the Moo Deng price might test the immediate support level at $0.00006633. Continued pressure from sellers should the <\/span>crypto<\/span><\/a> fall to this point could then result in a plunge to as low as $0.00006113 in the short term.<\/span><\/p>\n

Technicals Warn The Moo Deng Price Might Drop<\/span><\/h2>\n

From a technical perspective, indicators on MOODENG’s 4-hour chart warn the meme coin’s price might drop in the coming hours. More specifically, the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are flashing bearish.<\/span><\/p>\n

In the last few hours, RSI readings have plummeted from 69 down to 54, signaling a steep drop in buyer strength. While the current RSI reading above the neutral 50 benchmark suggests bulls are still in control, the negative slope of the RSI line warns that a bearish shift in power might soon take place. A confirmation will likely be if the RSI dips below 50.<\/span><\/p>\n

Meanwhile, MOODENG’s bullish momentum seems to be cooling down as well. This is suggested by the MACD line on the 4-hour chart, which is dropping towards the MACD Signal line.<\/span><\/p>\n

If the technical warnings presented by the MACD and RSI indicators on the 4-hour chart influence traders’ decision making, the Moo Deng price might soon test the aforementioned $0.00006633 support.<\/span><\/p>\n

While MOODGENG stands the risk of retracing, traders are flocking to new meme coin rival <\/span>BTC Bull Token (BTCBULL)<\/span><\/a>, not least because it’s giving away Bitcoin.<\/span><\/p>\n

According to YouTube channel Yellow Trades, which has more than 62.8K subscribers, the new meme coin has the potential to turn $100 into $10,000.<\/span><\/p>\n