MOODENG: Primed for an Explosive 85% Ascent?
From murmurs, the buzz is becoming thunder on Wall Street as MOODENG is flashing bullish signals. Technical indicators just come into alignment like stars in the sky, and whale accumulation also skyrockets-It indicates that smart-money is busy loading up. Will an 85% rally be written as the next chapter in MOODENG’s story? Every eye is watching the potential breakout.
The Ethereum-based meme coin MOO DENG has staged a comeback. CoinGecko shows prices surging by 15.5% as of 11:30 AM in Asia on 19 May, up to some $0.000050. From its YTD nadir, MOODENG has shot up almost 180%, with its market capitalization hitting $11.39 billion. Is this just another meme coin rally, or has MOODENG started putting together some real momentum?
The price explosion of yesterday was not just hot air–it rose on trading frenzy. Volume shot up 130%, breaking through the $12 million threshold. That was not the jet stream of hope; that was a roar from the market.
MOODENG is making its comeback! From the lows of $0.000018 marked in April, the 4-hour timeframe has clearly seen a tremendous revival rally. Now surging beyond the confines of the short-term and long-term moving averages, MOODENG signals clearly that bulls are running the show.
MOODENG price, 50-day and 200-day EMA chart May 19 | Source: TradingView
The real fireworks, as it were, were triggered by MOODENG blasting through a falling wedge, a chart pattern spoken about in hushed, bullish whispers. As if on cue, the golden cross came in: the 20 EMA surged past the 50 EMA, a celestial alignment for traders. History buffs will remember the last golden cross: MOODENG exploded, skyrocketing a staggering 140% from that crucial breakout. Is the fuse lit again?
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Momentum is building for MOODENG! MACD lines coming together in a bullish manner, and the RSI is picking higher at a solid 56. This indicates MOODENG has some juice left for the final push before riding its way into the overbought territory.
MOODENG MACD and RSI chart May 19 | Source: TradingView
With the aforementioned foundation laid down, MOODENG is ready for a potential thrust toward $0.000093 with a mammoth 85% upswing from here! However, at this resistance level, it turned into an intense brawl-that was last talked about in February. Will MOODENG break through? Or will it go through a short pause?
This is the reason why the technology is hot and the network is hot. Daily active addresses are skyrocketing, announcing real user growth and a stampede of fresh faces joining the party.
There seems to be some intrigue brewing here. Those gigantic whales, a.k.a. crypto whales, might retain MOODENG with an iron grip. Santiment’s data depicts ravenous accumulation, with wallets holding a king’s ransom basically, 10,000 all the way up to 100 million MOODENG tokens swelling in number. Are these deep-pocketed investors whispering about some big news?
Source: Santiment
Roughly a charge of sightings-with-high-volumes-of-trading is making waves too. Google searches for “MOODENG” are ballooning, indicating retail investors smell something big.
At press time, MOODENG was exchanging hands at $0.000050 per coin.
Read more:
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This is a disclaimer: I’m not a financial advisor, and this is not investment advice. This is meant for edification, not for earning; we are exploring ideas, not making stock recommendations.
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