The Moo Deng price has pumped 39% in the last 24 hours to trade at $0.08638 as of 7:15 a.m. EST on a 57% surge in trading volume to $48.5 million.
Pygmy hippo Moo Deng has captured hearts around the world from her home in a Thailand zoo, becoming an internet sensation.
Inspired by her, the Solana-based meme coin Moo Deng (MOODENG) was launched on the Pump.fun platform and has soared to a $70 million market cap in just two weeks.
Moo deng is never dry or calmđ pic.twitter.com/EgUpj64Ad3
â Nature is Amazing âïž (@AMAZlNGNATURE) September 19, 2024
Moo Deng Price Forms A Bullish Pennant Within A Bullish Channel
The MOODENG/USD pair in the 15-minute time frame is in a clear bullish trend. The price is currently at $0.08935, marking a 3.26% increase in the session. The price action is contained within a well-defined ascending channel, indicating a strong uptrend.
The price is trading near the upper boundary of the channel, and the upward arrow suggests the potential for a breakout to the upside, signalling further gains in the near term.
MOODENDUSD Analysis Source: Dextools.io
The 50-period simple moving average (SMA) is currently at $0.0863, which supports the price well above this level. The 200-period SMA, which sits at $0.0641, is also far below the current price, reinforcing the long-term bullish sentiment. The wide gap between the 50 and 200 SMA further supports this positive sentiment.
The Moving Average Convergence Divergence (MACD) indicator shows the MACD line (blue) slightly below the signal line (orange) but close to a potential bullish crossover. If this crossover happens, it would confirm a buying signal, reinforcing the upward momentum.
Additionally, the Relative Strength Index (RSI) stands at 51.90, which is neutral. This indicates no overbought or oversold conditions for the Moo Deng price. This means the price has room to move higher before becoming overbought, allowing for more upside potential.
Key support levels lie around the 50 SMA at $0.0863 and the lower boundary of the ascending channel. Resistance is currently being tested at the upper boundary of the bullish channel, and a breakout above this level would likely lead to further gains.
Crypto All Stars (STARS) Raises $1.6 Million: Best Crypto To Buy Now?
As Moo Deng price traders anticipate a further bullish rally above the pennant, a new meme coin called Crypto All Stars (STARS) has seen a surge in presale funding to take it past $1.6 million.
An analyst from the popular 99 Bitcoins YouTube channel, with over 706k subscribers, says that STARS has the potential to surge 100X when it launches.
Crypto All Stars offers real utility through its âMemeVaultâ feature, which allows holders of popular meme coins to stake their assets and earn rewards in $STARS tokens.
MemeVault uses the ERC-1155 standard, allowing meme coins from different blockchains to be staked without needing multiple wallets or platforms. The more $STARS tokens you hold, the bigger the rewards.
At launch, MemeVault will support 11 popular meme coins, including Pepe Coin, Dogecoin, Shiba Inu, Floki Inu, and others, with plans to add more in the future.
What Is Crypto All-Stars?
Crypto All-Stars is set to revolutionize the meme coin sector with its innovative âMeme Vaultâ platform. đ„
This is more than just another meme coin â it's an entirely new way to interact with the meme coin ecosystem!
â web3telepath (@web3telepath) August 15, 2024
Crypto All-Stars also offers staking for $STARS itself, with an impressive annual percentage yield (APY) of 929%. Beware that as more investors join, the returns will decrease.
You can buy $STARS with $ETH, $BNB, $USDT, or a bank card for $0.0014652 per token. But donât wait too long to buy because the price will increase in less than three days.
Buy $STARS from its official website here for a 929% APY.
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