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The Moo Deng worth surged 30% within the final 24 hours to commerce at $0.6226 as of 6:50 a.m. EST on a 7% leap in buying and selling quantity to $368 million.
Moo Deng Worth Sustains Momentum However Might Encounter Resistance
The MOODENG/USD buying and selling pair on the 1-hour timeframe exhibits sturdy bullish momentum, with the worth following a parabolic curve upward. Two key ranges have supported this surge: a serious assist at round $0.348 and a secondary assist zone between roughly $0.40 and $0.42. These assist ranges present a base for the worth to consolidate earlier than resuming its upward trajectory.
The 50-period Easy Shifting Common (SMA), at the moment round $0.4197, is trending upward and sits nicely under the present worth. This SMA acts as a dynamic assist, and so long as the worth stays above it, the bullish sentiment is more likely to proceed. The 200-period SMA lies under each the 50 SMA and the worth stage, additional confirming the uptrend, as shorter-term momentum exceeds the longer-term pattern.
MOODENGUSD Evaluation Supply: Dextools.io
Moo Deng Worth Technicals Sign A Brief-Time period Correction
The Shifting Common Convergence Divergence (MACD) indicator can also be bullish, with the MACD line at 0.01749554 and above the sign line at 0.02368202. This crossover, together with constructive histogram values, confirms the shopping for momentum. Nonetheless, the MACD starting to stage off may very well be an early signal of a possible slowdown or consolidation of the present pattern.
The Relative Power Index (RSI) is at the moment at 71.72, barely over the overbought vary. This means that whereas the Moo Deng worth uptrend is powerful, the asset is perhaps due for a pullback or consolidation, as some merchants could look to take earnings.
The present worth is round $0.6045, and now faces potential resistance round $0.65 to $0.70. Whereas the bullish pattern stays intact, the excessive RSI and parabolic worth curve recommend that warning is warranted, as a short-term correction could also be on the horizon.
Crypto All-Stars (STARS) Presale Breaks $3.8 Million
Whereas the bullish pattern for the Moo Deng worth stays intact, buyers who missed out on the current momentum are speeding to purchase Crypto All-Stars (STARS), a brand new token that has simply surged previous $3.8 million in presale funding.
The thrill across the new undertaking is spreading quick amongst buyers desperate to journey the wave of the meme coin frenzy. Think about a platform that brings collectively all of your favourite meme cash in a single place, a hub the place these fashionable tokens unite to unlock excessive rewards. That is precisely what Crypto All-Stars is getting down to obtain.
On the coronary heart of the platform is the revolutionary MemeVault protocol, which, for the primary time ever, permits buyers to stake 11 of the largest meme cash in a single spot, making it simpler than ever to earn rewards.
The Sport-Changer: Meme Vault
The Meme Vault is a staking protocol the place you possibly can earn $STARS tokens by staking fashionable meme cash. 🪙
By no means earlier than has there been a strategy to earn rewards like this within the meme coin world!
— web3telepath (@web3telepath) August 15, 2024
The rewards are within the type of STARS, Crypto All-Stars’ native token. This provides an additional layer of worth to the platform and generates much more pleasure.
When Crypto All-Stars launches, it would characteristic a lineup of fan-favorite meme cash, together with Dogecoin, Shiba Inu, PepeCoin, Floki, Bonk, Brett, Mog Coin, Milady, Turbo, Toshi, and Coq Inu.
And that is simply the beginning. The crew behind Crypto All-Stars has large plans, with extra meme cash on the best way within the coming months, increasing the MemeVault providing and solidifying the platform’s place as the last word vacation spot for meme coin lovers.
However that’s not all. Along with staking these fashionable meme cash, Crypto All-Stars additionally presents the chance to stake its native STARS token, which presents an eye-popping 437% annual share yield (APY).
An analyst from 99Bitcoins, a widely known crypto YouTube channel with over 706,000 subscribers, says that STARS has the potential to skyrocket by 100X following its launch.
Proper now, STARS tokens are priced at simply $0.001568, and you should purchase them with BNB, USDT, or perhaps a financial institution card.
Nonetheless, with the worth already set to rise in two days, don’t miss your probability to purchase STARS at the absolute best worth.
Go to the official web site and safe your STARS tokens in the present day!
Associated Articles:
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- Staking Rewards – pepeunchained.com
- $10+ Million Raised at ICO – Ends Quickly
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