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The MOO DENG value has soared 109% within the final 24 hours to commerce at $0.0003603 as of 02:23 a.m. EST on a 136% surge in buying and selling quantity to $63.8 million.
MOO DENG Value On A Bullish Development Reversal
In line with the MOODENG/USD chart evaluation, the MOO DENG value soared to the $0.00028 resistance after its launch, in accordance with information from GeckoTerminal. The bulls couldn’t maintain the resistance zone, which resulted within the value of MOO DENG plunging again to $0.00010.
MOODENG then gained some momentum, which drove the asset by way of a value restoration, forming a bullish rounded backside sample.
The worth of MOO DENG now trades above the 50-day Easy Shifting Common (SMA), which acts as a formidable assist stage.
Furthermore, the Relative Energy Index (RSI) is at 83.19, which is above the overbought threshold of 70. Overbought situations point out the value has risen quickly and should face some resistance or consolidation quickly.
The MACD line (blue) is above the Sign line (orange) and nil, displaying sturdy bullish momentum. The histogram bars are increasing upwards, reinforcing the power of the present uptrend.
If the uptrend continues, the bulls might push the MOO DENG value greater up, as they aim $0.00050.
Nevertheless, with the RSI now overvalued, the bears might push the MOO DENG value by way of a correction to the $0.00020 assist zone.
In the meantime, buyers who’re on the lookout for diversification alternatives would possibly contemplate the newly launched Finest Pockets (BEST) presale.
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Finest Pockets Presale Amasses Over $559K In A Week
Finest Pockets is a Web3 crypto pockets providing superior options, together with its “Upcoming Tokens” instrument that helps customers uncover and take part in presales of promising crypto initiatives like its governance token, $BEST.
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With only a week after its presale launch, the token has now amassed over $559K in funds raised because it hurtles in direction of its present presale stage goal of $602K.
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