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The Moo Deng value pumped over 9% within the final 24 hours to commerce at $0.00007143 as of seven:00 a.m. EST as buyers go lengthy on the meme coin.
Regardless of the 24-hour achieve posted by the MOODENG value, the crypto continues to be greater than 5% within the crimson on the weekly time-frame.
Moo Deng Value Attempting To Break Resistance
4-hour chart for MOODENG/USD (Supply: GeckoTerminal)
The Moo Deng value is making an attempt to beat the resistance stage at $0.00007466, GeckoTerminal information exhibits. Ought to the meme coin break above this technical barrier within the subsequent 12 hours, it might have the muse wanted to rise to the next resistance at $0.00008195.
In a extra bearish state of affairs, the Moo Deng value would possibly take a look at the instant assist stage at $0.00006633. Continued stress from sellers ought to the crypto fall up to now might then end in a plunge to as little as $0.00006113 within the brief time period.
Technicals Warn The Moo Deng Value May Drop
From a technical perspective, indicators on MOODENG’s 4-hour chart warn the meme coin’s value would possibly drop within the coming hours. Extra particularly, the Transferring Common Convergence Divergence (MACD) and the Relative Energy Index (RSI) are flashing bearish.
In the previous couple of hours, RSI readings have plummeted from 69 right down to 54, signaling a steep drop in purchaser energy. Whereas the present RSI studying above the impartial 50 benchmark suggests bulls are nonetheless in management, the unfavorable slope of the RSI line warns {that a} bearish shift in energy would possibly quickly happen. A affirmation will doubtless be if the RSI dips beneath 50.
In the meantime, MOODENG’s bullish momentum appears to be cooling down as properly. That is instructed by the MACD line on the 4-hour chart, which is dropping in the direction of the MACD Sign line.
If the technical warnings introduced by the MACD and RSI indicators on the 4-hour chart affect merchants’ choice making, the Moo Deng value would possibly quickly take a look at the aforementioned $0.00006633 assist.
Whereas MOODGENG stands the chance of retracing, merchants are flocking to new meme coin rival BTC Bull Token (BTCBULL), not least as a result of it’s giving freely Bitcoin.
In accordance with YouTube channel Yellow Trades, which has greater than 62.8K subscribers, the brand new meme coin has the potential to show $100 into $10,000.
The Unstoppable Pressure Attempting To Push BTC Previous $1m
BTC Bull Token is the primary Bitcoin-focused meme coin that goals to assist the main crypto soar to the $1 million mark and past.
As BTC embarks on its journey to new heights, the mission celebrates every new value milestone and rewards loyal BTCBULL holders alongside the best way with Bitcoin airdrops and BTCBULL token burns.
The following value milestones that can set off BTCBULL token burns are $125K, $175K and $225K. With every discount within the token’s provide, the meme coin’s worth is prone to rise as shortage meets rising demand.
In the meantime, BTCBULL holders will obtain airdropped Bitcoin when the most important crypto by market cap reaches $150K, $200K and $250K for the primary time. With the potential formation of a US strategic Bitcoin reserve and growing institutional demand for Bitcoin, BTC Bull Token may be one of the best Bitcoin play for buyers trying to accumulate the crypto with minimal effort.
Buyers Wager Massive On BTCBULL’s Future
BTC Bull Token’s presale is pulling buyers in at a speedy tempo as buyers rush to purchase into the meme coin at this floor stage.
In only one week, the mission has managed to lift over $2 million, with the entire elevate already standing at greater than $2.18 million.
Buyers even have the chance to earn from the get-go by means of the staking alternative on supply to consumers throughout this ICO stage. Anybody who buys and stakes BTCBULL tokens now will unlock entry to a 194% annual return.
To take part within the presale and get in on the potential Bitcoin airdrops, buyers can purchase BTCBULL by means of the easy purchase widget embedded on the mission’s web site. Promoting for $0.00237, the meme coin will be purchased with both crypto or financial institution card.
buyers who need to lock in one of the best charge will need to act quick as a result of the token’s value is about improve in lower than 2 days.
Go to BTCBULL right here.
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