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Moo Deng Price Prediction: MOODENG Soars 98% On Binance Perpetual Contract As This Meme Coin Casino ICO Heads For $1M

Moo Deng Price Prediction: MOODENG Soars 98% On Binance Perpetual Contract As This Meme Coin Casino ICO Heads For $1M

InsidebitcoinInsidebitcoin2024/10/26 02:36
By:Insidebitcoin

The Moo Deng price has soared 102% in the last 24 hours to trade at $0.1414 as of 04:31 a.m. EST on a 299% surge in trading volume to $295 million.

This comes after Binance Futures launched a MOODENG USD-margined perpetual contract today at 10:00 UTC. Users will enjoy up to 75X leverage trading the asset.

The Moo Deng meme coin is based on a pygmy hippo from a zoo in Thailand that went viral online.

Moo Deng Price Could Continue Soaring

The Moo Deng price has been on a downtrend since October 11, as the bears took charge of the price at the $0.15 resistance, dropping within a falling wedge pattern, according to data from GeckoTerminal.

MOODENG has now crossed above both the 50-day and 200-day Simple Moving Averages (SMAs), which signals that the price of Moo Deng is currently on a bullish trend.

Moreover, the Relative Strength Index (RSI) has already crossed above the 70-overbought region, currently at 78, which signals that the Moo Deng price is currently bullish and under intense buying pressure.

The Moving Average Convergence Divergence (MACD) also affirms the bullish stance, as the blue MACD line crosses above the orange signal line, forming a bullish crossover, and supporting the general bullish prospects.

The Moo Deng price bulls are aiming at maintaining the bullish stance, which could push the price of Moo Deng towards a sustained bullish stance, as they target $0.25.

MOODENGUSD Chart Analysis Source: GeckoTerminal.com

However, the RSI has been overextended, which may signal that the price may be due for a correction. In this case, the price of Moo Deng may drop further to the $0.085 (50-day SMA) support zone.

Meanwhile, investors are also buying the new presale Memebet Casino (MEMEBET Token) , which has just blasted past $518K in funds raised.

Cryptonews, a prominent crypto channel on YouTube with over 11K subscribers, says that $MEMEBET Token could soar 100X after its launch.

Memebet Token – The Casino for Meme Degens

Memebet Casino is the only web and Telegram casino where you can wager with meme coins.

Catering to the degen community, the Memebet Token team aims to create an exceptional user experience by offering diverse casino games, a sportsbook, and high-stakes options within a community-focused environment.

Users can place bets using meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), and more.

Players who place bets using $MEMEBET Token can earn additional tokens in return. The more a user wagers with the $MEMEBET token, the larger their share of the rewards, as a result of the play-to-earn wagering component of the platform.

Buy $MEMEBET Token to earn massive P2E airdrops, special degen rewards, and exclusive VIP benefits.

To join the presale, you can buy $MEMEBET Token on the official website for $0.0261 using USDT, ETH, or a bank card. With a price hike coming in less than 2 days, buy soon to lock in the best deal.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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