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The Moo Deng value soared over 87% within the final 24 hours to commerce at $0.6322 as of 10:13 p.m. EST as traders rush to purchase the meme coin.
The surge within the MOODENG value adopted and announcement by main US crypto change Coinbase that it has added the hippo meme coin to its itemizing roadmap.
Belongings added to the roadmap at present: Moo Deng (MOODENG)https://t.co/rRB9d3hSr2
— Coinbase Belongings 🛡️ (@CoinbaseAssets) December 2, 2024
Moo Deng Value Kinds A Bullish Channel
1-hour chart for MOODENG/USD (Supply: GeckoTerminal)
The Moo Deng value has printed a sequence of upper highs and better lows over the previous few hours on the 1-hour chart, ensuing within the formation of an ascending channel. If the meme coin continues its present development, it’d flip the resistance stage at $0.6516 into help. Thereafter, MOODENG might have the technical basis wanted to rise to as excessive as $0.7992.
Then again, a rejection from the $0.6516 barrier within the coming few hours may mark the tip of MOODENG’s rally. On this various state of affairs, the Moo Deng value might find yourself correcting to the $0.5003 help stage. Ought to bears maintain exerting promote strain on the meme coin if it falls so far, it’d then plunge to as little as $0.3830 within the quick time period.
Bulls Are Dropping Their Grip On The Moo Deng Value
From a technical perspective, it seems a bearish state of affairs could also be extra more likely to play out within the subsequent few hours. The Shifting Common Convergence Divergence (MACD) indicator on the 1-hour chart warns that MOODENG’s bullish momentum is cooling off.
Not too long ago, the MACD line has began to drop towards the MACD Sign line. Though the present orientation of the road continues to be bullish, the shrinking margin between them suggests a bearish crossover might quickly ensue. If the MACD line crosses beneath the MACD Sign line, merchants may see this technical whilst an indication that the Moo Deng value has entered a damaging development.
Patrons additionally appear to have misplaced a few of their power in the previous few hours, with Relative Power Index (RSI) readings falling from above 80 to the low 70s throughout this era. Whereas the present studying at 73 suggests ample purchaser power, it additionally warns that the Moo Deng value may be overbought. This may very well be interpreted as a promote sign by merchants.
The bearish state of affairs may not play out if the Moo Deng value manages to interrupt above $0.6516 within the subsequent few hours.
As MOODENG tries to beat the $0.06516 barrier, traders are flocking to the presale for meme coin rival Crypto All-Stars (STARS) earlier than its presale ends.
The Final Meme Coin Staking Platform Has Arrived
Crypto All-Stars (STARS) is an progressive staking undertaking that offers meme coin lovers the chance to lock up a wide range of tokens multi functional place for enticing passive rewards.
Belongings supported on the platform from launch embrace DOGE, SHIB, PEPECOIN, FLOKI, BRETT, MOG, LADYS, TOSHI, COQ, BONK, and TURBO. Extra meme cash shall be added quickly.
By merely locking in any of those cryptos on the Crypto All-Stars staking platform, traders will begin to earn crypto rewards which can be paid out in STARS. The rewards don’t cease there as a result of STARS may also be staked for an enormous 277% Annual Share Yield (APY).
With its meme coin enchantment, progressive staking platform and the excessive rewards on provide, it’s straightforward to see why consultants are bullish on STARS. Amongst them is well-liked YouTuber ClayBro, who informed his greater than 130K subscribers that STARS has the potential to surge 10X after its launch.
Buyers FOMO Purchase STARS Earlier than Its Blockbuster ICO Ends
Crypto All-Stars has raised over $7.8 million in what is likely one of the top-performing ICOs of 2024. Buyers now have one final probability to get in on STARS early, with simply over 17 days left till the meme coin’s presale involves an finish.
To buy STARS, traders could make use of the easy purchase widget embedded on the undertaking’s web site. Promoting for $0.0016648, the meme coin might be purchased with both ETH, USDT, BNB, FLOCKI, SHIB, PEPE, DOGE or financial institution card.
As soon as bought, traders can then navigate to the staking web page on the web site and lock up their tokens for the 277% APY presently on provide.
Buy and stake STARS right here earlier than its presale ends.
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