MOODENG Token shows Strong potential for 85% Rally
MOODENG is gaining traction, wiht analysts predicting an 85% price surge. The Ethereum-based MOODENG token has seen a 15.5% increase, trading at $0.000050 as of May 19. This marks an 180% rise from its year’s low, pushing its market cap to $11.39 billion.
Trading volume spiked by 130%, reaching over $12 million. This surge indicates growing market interest. On the 4-hour chart, the token has recovered from its April low of $0.000018. It now trades above its short- and long-term moving averages, signaling buyer dominance.
A key technical development is the breakout from a falling wedge pattern, a bullish signal. A golden cross has formed, with the 20-day EMA crossing the 50-day EMA. Historically, such a crossover has led to a 140% rally. The Relative Strength Index (RSI) is at 56, suggesting more upside potential.
MOODENG could reach $0.000093, a major resistance level last seen in February. Daily active addresses are rising, indicating increased network usage.
Whales are also accumulating MOODENG. Santiment data shows a rise in addresses holding 10,000 to 100 million tokens. This coincides with MOODENG trending on Google, reflecting retail interest.
These factors combined paint a bullish picture for MOODENG. Though, this details is for educational purposes only and not investment advice.
- MOODENG up 15.5% to $0.000050
- Trading volume up 130%
- Golden cross and RSI suggest further gains
- Whales and retail investors are accumulating
for more details, check the TradingView and Santiment sources.
