Saturday, August 2, 2025
No Result
View All Result
Coin Digest Daily
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations
No Result
View All Result
Coin Digest Daily
No Result
View All Result

Analysts see bullish momentum for Moo Deng memecoin even after 11% drop – CoinJournal

22 May 2025
in Analysis
Reading Time: 3 mins read
0 0
A A
0
Home Analysis
Share on FacebookShare on Twitter


Moo Deng has dipped by double digits, though uptrend momentum stays intact.
Vitalik’s backing and KRW itemizing increase long-term sentiment.
Moon Deng should maintain above the 0.618 Fibonacci retracement assist stage for the continuation of the bullish development.

After a splendid efficiency, the Moo Deng memecoin has seen its value drop by about 11.9% over the previous week, signalling a pause in its current bullish momentum.

This correction follows a euphoric rally that captured important market consideration, propelled by each celebrity-level virality and assist from Ethereum co-founder Vitalik Buterin.

The value at the moment trades at roughly $0.231, down from current highs that brushed towards the $0.27 mark, reflecting a cooling-off interval after intense speculative exercise.

Technical evaluation suggests continued bullish momentum

Regardless of the dip, Moo Deng’s broader development stays intact, supported by a powerful confluence of technical indicators and a surge of institutional curiosity following its itemizing on Korea’s Coinone alternate.

Welcome! @MooDengSOL New Itemizing #MOODENG$MOODENG Will get Listed on Coinone.

자세한 사항은 https://t.co/wu6lns1WP0 를 참고해주세요.

🦛Pair : MOODENG/KRW🦛Deposit : Now Open🦛Buying and selling : 12:00pm(KST) pic.twitter.com/rvIlRQuARC

— Coinone (@CoinoneOfficial) Might 21, 2025

Though the memecoin has shed near 14% from its native excessive, analysts are viewing the retracement as a wholesome half of the present uptrend somewhat than a shift in development.

As value retreats, it’s now testing a support-rich confluence zone that features the 0.618 Fibonacci retracement stage, the 200-day shifting common, and a long-term excessive time-frame assist vary.

Traditionally, such zones have triggered sturdy bullish reactions, and if this sample holds, the current dip could symbolize a super accumulation alternative.

Bulls are on the lookout for the formation of a better low that may reinforce the validity of the continuing uptrend.

If Moo Deng confirms assist right here and begins to reverse, the worth is more likely to goal earlier resistance ranges close to $0.31 and presumably $0.35 within the coming periods.

Fundamentals and sentiment stay sturdy regardless of volatility

Notably, the present value retracement got here simply weeks after Vitalik Buterin donated 88 ETH, value round 10 million Thai baht, to Khao Kheow Zoo in Thailand to sponsor Moo Deng, the real-life pygmy hippo behind the memecoin, as promised in December 2024.

That prime-profile gesture not solely elevated Moo Deng’s international profile but additionally catalysed a dramatic surge in value and buying and selling volumes, with the token gaining over 125% within the days that adopted.

Though the hype has briefly settled, the coin nonetheless advantages from sturdy group engagement, viral momentum, and increasing market entry by way of the KRW market on Coinone.

The mixture of cultural relevance, blockchain symbolism, and real-world charity has created a uniquely resilient narrative round MOODENG, giving it extra endurance than typical memecoins.

Whereas short-term merchants could react to pullbacks with warning, long-term holders seem assured that this correction is a component of a bigger bullish sample.

With Moo Deng buying and selling inside a predictable technical construction and supported by growing liquidity, market watchers are actually eyeing a possible rebound that might reestablish upward momentum.

If this assist stage holds and the anticipated greater low varieties, MOODENG might quickly resume its climb and problem its current highs, making the present dip a probably strategic re-entry level.

Share this articleCategoriesTags





Source link

Tags: AnalystsBullishCoinJournalDengDropmemecoinMomentumMoo
Previous Post

Bitcoin Just Hit New ATH Nearing $110K: How High Can It Go?

Next Post

Shiba Inu Bulls Roar To Life After Breakout—Next Price Targets

Related Posts

Ripple CTO addresses XRP debate as Kraken eyes $15 billion IPO – CoinJournal
Analysis

Ripple CTO addresses XRP debate as Kraken eyes $15 billion IPO – CoinJournal

1 August 2025
XRP Blows Cold: Price Crash To $2.15 Still Possible If Buyers Falter
Analysis

XRP Blows Cold: Price Crash To $2.15 Still Possible If Buyers Falter

1 August 2025
Solana DEX volume dips 20% after co-founder slams meme coins – CoinJournal
Analysis

Solana DEX volume dips 20% after co-founder slams meme coins – CoinJournal

1 August 2025
XRP inflows drop 95% since July spike, while Chaikin data signals possible rally – CoinJournal
Analysis

XRP inflows drop 95% since July spike, while Chaikin data signals possible rally – CoinJournal

31 July 2025
Analyst Says XRP Price Is Now In Wave 4 — What To Expect
Analysis

Analyst Says XRP Price Is Now In Wave 4 — What To Expect

1 August 2025
SUI price outlook: bulls on edge as $173M token unlock looms – CoinJournal
Analysis

SUI price outlook: bulls on edge as $173M token unlock looms – CoinJournal

2 August 2025
Next Post
Shiba Inu Bulls Roar To Life After Breakout—Next Price Targets

Shiba Inu Bulls Roar To Life After Breakout—Next Price Targets

KAITO price prediction after Kaito Pro Mobile Beta update – CoinJournal

KAITO price prediction after Kaito Pro Mobile Beta update - CoinJournal

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
FTT jumps 7% as Backpack launches platform to help FTX victims liquidate claims – CoinJournal

FTT jumps 7% as Backpack launches platform to help FTX victims liquidate claims – CoinJournal

19 July 2025
PENDLE token goes live on BeraChain and HyperEVM to expand cross-chain utility – CoinJournal

PENDLE token goes live on BeraChain and HyperEVM to expand cross-chain utility – CoinJournal

30 July 2025
BNB Price Gears Up for Upside Break — Will Bulls Deliver?

BNB Price Gears Up for Upside Break — Will Bulls Deliver?

8 July 2025
Something Big Is Coming For XRP On July 9—Why It Matters

Something Big Is Coming For XRP On July 9—Why It Matters

8 July 2025
XRP could rally higher on steady capital inflow; check forecast

XRP could rally higher on steady capital inflow; check forecast

8 July 2025
10 Most Popular Bitcoin Mining Apps for Android & iOS in 2025 | Earn Crypto Fast

10 Most Popular Bitcoin Mining Apps for Android & iOS in 2025 | Earn Crypto Fast

24 May 2025
Qubic’s ‘Warming up the Engines’ Report Details 51% Strategy Ahead of Showdown With Monero – Crypto News Bitcoin News

Qubic’s ‘Warming up the Engines’ Report Details 51% Strategy Ahead of Showdown With Monero – Crypto News Bitcoin News

1 August 2025
Cryptosolo Cloud Mining: Ushering in a New Era of Digital Asset Growth

Cryptosolo Cloud Mining: Ushering in a New Era of Digital Asset Growth

2 August 2025
OpenAI Taps Nscale and Aker to Launch Stargate Norway

OpenAI Taps Nscale and Aker to Launch Stargate Norway

1 August 2025
SEC ‘Project Crypto’ Sets the Stage for the Next Cryptos to Explode

SEC ‘Project Crypto’ Sets the Stage for the Next Cryptos to Explode

1 August 2025
Retail Investors Get Green Light for Crypto ETNs in the UK

Retail Investors Get Green Light for Crypto ETNs in the UK

1 August 2025
Ethereum Elite Shift: ETH Foundation Loses Top‑3 Spot As Corporate Buyers Surge Ahead | Bitcoinist.com

Ethereum Elite Shift: ETH Foundation Loses Top‑3 Spot As Corporate Buyers Surge Ahead | Bitcoinist.com

1 August 2025
Facebook Twitter Instagram Youtube RSS
Coin Digest Daily

Stay ahead in the world of cryptocurrencies with Coin Digest Daily. Your daily dose of insightful news, market trends, and expert analyses. Empowering you to make informed decisions in the ever-evolving blockchain space.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Web3

SITEMAP

  • About us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Coin Digest Daily.
Coin Digest Daily is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations

Copyright © 2024 Coin Digest Daily.
Coin Digest Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)$113,245.00-2.18%
  • ethereumEthereum(ETH)$3,481.80-5.78%
  • rippleXRP(XRP)$2.96-2.06%
  • tetherTether(USDT)$1.00-0.03%
  • binancecoinBNB(BNB)$755.60-3.62%
  • solanaSolana(SOL)$162.70-5.53%
  • usd-coinUSDC(USDC)$1.000.00%
  • staked-etherLido Staked Ether(STETH)$3,477.10-5.87%
  • tronTRON(TRX)$0.323580-0.39%
  • dogecoinDogecoin(DOGE)$0.201048-4.21%