Key Takeaways
- MOODENG’s price rallied by over 1,200% in a few days as it resumed a strong bullish rally.
- Binance listing MOODENG could act as a catalyst for the price to reach its previous all-time high.
- MOODENG strong bullish dominance continues as price trades above the key support zone of $0.2 to $0.15.
MOODENG’s story continues to fascinate the crypto space. In the last weeks and days, the price has been in the headlines, making a dramatic comeback from its low, which saw the price of MOODENG crash to a low of $0.03. The price has gained a strong rally towards a high of $0.26.
According to technical indicators such as RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence), MOODENG’s price is highly overbought. Despite rallying by over 350,000% in the last year, it could be starting an unexpected price rally.
On the higher timeframes, such as the daily, the price of MOODENG could see a strong price rally towards $0.7, a previous all-time high and a potential price rally to $2 if the price breaks above $0.7 with strong volume, as crypto degens and experts are strongly bullish regarding the Solana memecoin rally.
Why Is MOODENG Price Skyrocketing – Where Can I Buy MOODENG?
MOODENG is an adorable baby pygmy hippopotamus living in Khao Kheow Open Zoo in Si Racha, Chonburi, Thailand. This Solana-based memecoin has gained much attention and a strong following in the last few days due to its playful spirit and building strong community engagement around the world.
Following its entrance in 2024, the price of MOODENG rallied strongly to $0.7. Still, the price crashed towards its low of $0.03 as the crypto market experienced a short-term bearish market crash affecting many Solana memecoins. A strong breakout on the higher timeframe for MOODENG price suggests the price is ready for a potential rally towards its all-time high.
Despite its small market cap of around $260M, the MOODENG memecoin has built a strong community, strongly pushing its narrative as the potential listing on the Binance platform has driven its price higher, gaining strong volume and market demand.
MOODENG trades on top crypto exchanges, such as Binance, Gate, Coinbase, OKX, Bitget, and others.
MOODENG Price Prediction
Source – MOODENG Price Chart From TradingView
The price of MOODENG broke out of its long downtrend to the upside with strong momentum, accompanied by buy volume, as MOODENG could extend its bullish rally towards its previous all-time high of $0.7 and a potential rally to create new highs of $2.
According to the Fibonacci retracement value, the price of MOODENG trades above its 25% point on the FIB ratio, which previously acted as resistance. The price could experience a minor retracement, which would be followed by a continuation rally to new highs.
MOODENG’s price rally is a clear textbook bullish trend reversal on the daily timeframe. Price would attempt a continued rally to the key zones of $0.42 and $0.7, respectively. A break of $0.7 could see new highs expected in the regions of $1.5-$2.
Key Areas of Interest
Key Support zone – $0.2 to $0.15
Key Targets – $0.42 & $0.7
Market Sentiment – Bullish
