The MOO DENG price has soared 109% in the last 24 hours to trade at $0.0003603 as of 02:23 a.m. EST on a 136% surge in trading volume to $63.8 million.
MOO DENG Price On A Bullish Trend Reversal
According to the MOODENG/USD chart analysis, the MOO DENG price soared to the $0.00028 resistance after its launch, according to data from GeckoTerminal. The bulls could not sustain the resistance zone, which resulted in the price of MOO DENG plunging back to $0.00010.
MOODENG then gained some momentum, which drove the asset through a price recovery, forming a bullish rounded bottom pattern.
The price of MOO DENG now trades above the 50-day Simple Moving Average (SMA), which acts as a formidable support level.
Moreover, the Relative Strength Index (RSI) is at 83.19, which is above the overbought threshold of 70. Overbought conditions indicate the price has risen rapidly and may face some resistance or consolidation soon.
The MACD line (blue) is above the Signal line (orange) and zero, showing strong bullish momentum. The histogram bars are expanding upwards, reinforcing the strength of the current uptrend.
If the uptrend continues, the bulls could push the MOO DENG price higher up, as they target $0.00050.
MOODENGUSD Chart Analysis Source: GeckoTerminal
However, with the RSI now overvalued, the bears may push the MOO DENG price through a correction to the $0.00020 support zone.
Meanwhile, investors who are looking for diversification opportunities might consider the newly launched Best Wallet (BEST) presale.
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Best Wallet Presale Amasses Over $559K In A Week
Best Wallet is a Web3 crypto wallet offering advanced features, including its “Upcoming Tokens” tool that helps users discover and participate in presales of promising crypto projects like its governance token, $BEST.
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The $BEST token is the governance token of Best Wallet’s expanding ecosystem, which includes the wallet, Best DEX, and the upcoming Best Card. It is the key to unlocking a range of benefits designed to enhance the experience of every Bitcoin wallet user.
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With just a week after its presale launch, the token has now amassed over $559K in funds raised as it hurtles towards its current presale stage target of $602K.
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