Why Moodeng Is Going Up?
By: cryptosheadlines|2025/05/12 23:00:12
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Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Will the Solana Memecoin Breakout Continue After Binance Alpha Mania?MOODENG, being one of the Solana memecoins following a Thai baby hippopotamus theme, amazed the crypto world with a blinding 600%+ move in seven days, regaining huge attention from retail and meme investors. The sudden run-up comes after Binance, on May 11, 2025, announced that it had included MOODENG in its newest Alpha Projects batch, in addition to another Solana meme rival, GOAT.The question now is: Will MOODENG sustain this momentum and break the $0.40 resistance, or is a pullback imminent?What Triggered MOODENG’s Rally?MOODENG’s recent action demonstrates the potential of narrative-based meme coins to produce monster turnarounds in bullish attitudes. From a November 2024 market cap of $700 million, MOO DENG reached a low of $35 million earlier this month before turning their fortunes around — now trading at around $0.29, with the market cap recovered well over $290 million.The key catalyst? Binance listing Alpha Projects, which can have the ability to serve as a launchpad spotlight for early-stage high-growth tokens. Along with showcasing MOO DENG to liquidity, this also bestows legitimacy in its role in the memecoin arena.Technical Analysis: Reversal Confirming BreakoutOn the daily chart, the MOO DENG/USDT daily chart is bullish, as a breakout is seen above the long-term downtrend line, confirming the reversal of the trend. Golden Cross formation, in which the 20 and 50 EMA lines intersect the 100 and 200 EMAs — a classic bullish signal. RSI at 95.59, an indication of extreme overbought levels and heavy buying pressure.While the RSI indicates short-term overheating, the technical setup is still strongly bullish, provided Solana meme coin stays above the critical level of $0.275.MOODENG Price Prediction: Key Levels To WatchAs the buying demand comes back and story excitement picks up, the following are what the investors and traders should watch out for:Immediate Resistance: $0.40 – Next pivot to break higher through. A close here on the daily chart would open the gateway to $0.55.Major Support: $0.20 – If the rally declines, this would be a probable strong retest point for healthy consolidation.Bearish Scenario: Below $0.20 breakdown, a drop to $0.135, the earlier area of accumulation is in the offing.Is MOODENG the Next Solana Memecoin Big?With the recent addition of Binance Alpha, new community enthusiasm, and a healthy technical breakout, MOO DENG is back in the limelight. It’s riding the long Solana memecoin momentum, which, over the last few quarters, has picked up such names as BONK and WIF with dazzling momentum. Also read: Why Pi Coin Is Going Up — What Behind The Rally, Will Pi Hit $5? Source link
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