Moodeng shows strong signs of a potential outbreak, where Bulls monitors a possible 85% rally while the momentum builds on both technical indicators and increasing whale accumulation.
According to data from Coingecko, the version of MOO Deng (Moedeng), based on Ethereum, had risen by around 15.5%and acted around $ 0.000050 on 19 May, afternoon Asian time. This year it sets up almost 180% and gives it a market capitalization of around $ 11.39 billion.
This recent price jump was supported by strong trading activity. The daily volume rose by 130% the previous day and reached more than $ 12 million, a clear sign of renewed market interests.
Looking at the 4-hour graph, Moodeng has made a solid recovery since it set $ 0.000018 in April. It now acts above both the advancing averages in the short and the long term, which usually indicates that buyers are in control.
Moreover, the token recently broke from a falling wig pattern, a classic bullish setup. Still encouraging, a golden cross formed, with the 20-day EMA intersection over the 50-day EMA. The last time this happened, Woedeng collected around 140% of the breakout point.
Momentum indicators also blink green with both the MACD lines and RSI that point upwards. The RSI is currently 56, which suggests that VoEGG still has room to climb before he touches overbought territory.
Based on this set -up, Moedeng could continue his meeting to $ 0.000093, which is about 85% higher than the current price. That level is also an important resistance zone, which last tested token at the beginning of February.
Momentum on the technical front is also matched by an increase in daily active addresses, which indicates the use of the growing network use and the participation of the retail trade.
In the meantime, whales also seem to jump in. Data from santiment reveals a noticeable increase in addresses that keep between 10,000 and 100 million cucks tokens, which suggests that large holders accumulate.
The increase in whale activity and trade volume coincided with Moodeng -Trending on Google, which further indicates the growing curiosity.
At the time of the press, Moedeng exchanged hands at $ 0.000050 per coin.
Publication: This article does not represent investment advice. The content and materials on this page are only for educational purposes.
