Latest MOODENG Coin Price Analysis and Prediction, Towards MOODENG's Rise
2024-10-06
Bittime - The hippo-themed memecoin narrative has captured the hearts of memecoin lovers.
Moo Deng's cuteness in the real world has apparently triggered the increase in the MOODENG memecoin rate.
What is the latest MOODENG coin price analysis and prediction? Read the following article.
Getting to Know MOODENG Coins
What is MOODENG coin? MOODENG Coin is a memecoin inspired by a tiny baby hippo living at Khao Kheow Zoo, Thailand, named Moo Deng.
MOODENG itself is a Solana-based memecoin which was first released via pump.fun on September 22 2024.
Since its release, MOODENG has experienced a fairly significant rate of increase, so many people have high hopes for MOODENG's future.
Current MOODENG Price Analysis
Based on the price chart and data displayed from coinspeaker above, the price of Moo Deng coin (MOODENG) is currently at $0.1818, experiencing an incredible increase of 452.88%.
However, its market capitalization has decreased by 23.13%, currently standing at $180,025,978, and it ranks at #234 among other crypto assets.
The last 24-hour trading volume also showed a decrease of 18.27%, with total volume reaching $138,002,206.
The volume to market capitalization ratio (volume/market cap) in the last 24 hours was recorded at 75.64%, indicating high liquidity.
The total supply of MOODENG coins currently stands at 989,971,791, with a full circulating supply (100%) in the market.
Based on price movements on the chart, the price of this coin peaked at around $0.35 at the end of September, before experiencing a gradual decline towards the current $0.18 level.
Even though there are fluctuations, a downward trend is still visible with several price recovery attempts that failed to penetrate the previous resistance level.
The move reflects high volatility with significant selling pressure following a parabolic rise.
Read Also: MOODENG Coins are Targeted by Whales, Here's the Proof!
Latest MOODENG Coin Price Prediction for the Next 30 Days
The graphic data above was taken from geckoterminal.com, the data was taken at 1 month or 30 day intervals so that the predictions that appear are more valid, compared to using daily intervals.
The data analysis process is assisted by AI. The following are the results of the latest MOODENG coin price predictions for the next 30 days.
Current Analysis
Currently, MOODENG is trading at $0.1539, with a decline of 9.95% in the last 24 hours.
Meanwhile, 24-hour trading volume reached $31.38 million, showing quite high activity with a total of 36,253 transactions.
As for the last few weeks, MOODENG has shown a fairly volatile pattern, with previous price spikes reaching significant highs.
Support and Resistance Levels
If the decline continues, the nearest support level is around $0.15. If the price manages to break this level, it could lead to a further decline towards $0.12-$0.13.
On the other hand, the price should face resistance around $0.18-$0.20. If it manages to break this level, there is a possibility of retesting the previous high.
Read Also: MOODENG Coin Viral, Here are the Tokenomics and History
MOODENG Price Prediction for the Next 30 Days
First and Second Week of October
Taking into account the decline and the strong support level, the price is expected to move in the range of $0.14 to $0.16.
If there is strong buying interest, it could be that the price starts to recover closer to $0.17.
Third Sunday in October
If there is an increase in trading volume and investor interest, the price may rise to the range of $0.18 to $0.20.
The price depends on market sentiment and related news that can influence demand.
Fourth Sunday in October
If the bullish trend continues and the market shows signs of stability, the price may reach the range of $0.22 to $0.25.
This kind of scenario relies on community support and positive news in the crypto market.
Read Also: Because of $MOODENG, Pump.fun Users Increase Again
Final Note
Although there is potential for upside, investors are advised to remain vigilant and monitor news and developments that may affect MOODENG's price.
Price movements in the next 30 days are highly dependent on market factors, recent news, and community sentiment.
Keep in mind that the MOODENG coin price analysis and predictions in this article are simply educational, in no way an invitation to invest. Hope it is useful.
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