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The price of Mudeng has been trading up 39% over the last 24 hours. As of 7:15 AM ET, it was trading at $0.08638, with volume up 57% to $48.5 million.
Mudeung, a pygmy hippopotamus at a Thailand zoo, has become an Internet star and captured the hearts of people all over the world.
Inspired by her, MOODENG, a Solana-based meme coin, was launched on the Pump.fun platform and soared to a market cap of $70 million in just two weeks.
Mudong is never dry or calm😭 pic.twitter.com/EgUpj64Ad3
— Nature is amazing ☘️ (@AMAZlNGNATURE) September 19, 2024
The price of the pair is forming a bullish pennant within a bullish channel.
The MOODENG/USD pair on the 15-minute timeframe is in a clear bullish trend. The price is currently at $0.08935, up 3.26% on the session. The price action is contained within a well-defined ascending channel, indicating a strong uptrend.
The price is trading near the upper boundary of the channel, with the upward arrow suggesting a possible breakout, signaling further upside in the short term.
MOODENDUSD Analysis Source: Dextools.io
The 50-period simple moving average (SMA) is currently at $0.0863, supporting prices well above this level. The 200-period SMA at $0.0641 is also well below the current price, reinforcing the long-term bullish sentiment. The large gap between the 50 and 200 SMAs further supports this positive sentiment.
The Moving Average Convergence Divergence (MACD) indicator shows that the MACD line (blue) is slightly below the signal line (orange), but is close to a potential bullish crossover. If this crossover occurs, a buy signal is confirmed, strengthening the upside momentum.
Also, the Relative Strength Index (RSI) is neutral at 51.90, which indicates that there is no overbought or oversold condition at the price of Mudeung. This means that the price has room to move higher before becoming overbought, which could increase the upside potential.
Key support levels are around the 50 SMA 0.0863 and the lower boundary of the ascending channel. Resistance is currently being tested at the upper boundary of the bullish channel, and a break above this level is likely to lead to further upside.
Crypto All Stars (STARS) Raises $1.6 Million. What Is the Best Crypto to Buy Now?
A new meme coin has emerged as price traders anticipate further bullish rally above the pennant. Crypto All Stars (STARS) Pre-sale funds have soared, surpassing $1.6 million.
An analyst from the popular YouTube channel ’99 Bitcoins’, which has over 706,000 subscribers, said that there is a possibility of a 100x surge once STARS is launched.
Crypto All Stars provides real utility through its ‘MemeVault’ feature, which allows holders of popular meme coins to invest their assets and earn rewards in $STARS tokens.
MemeVault uses the ERC-1155 standard to stake meme coins from multiple blockchains without the need for multiple wallets or platforms. The more $STARS tokens you hold, the higher your rewards.
At launch, MemeVault will support 11 popular meme coins, including Pepe Coin, Dogecoin, Shiba Inu, and Floki Inu, with plans to add more coins in the future.
What is Crypto All-Stars?
Crypto All-Stars is ready to revolutionize the meme coin sector with its innovative ‘Meme Vault’ platform. 💥
This isn’t just another meme coin, this is a whole new way to interact with the meme coin ecosystem!
— web3telepath (@web3telepath) August 15, 2024
Crypto All-Stars also offers staking on $STARS itself, which has an impressive annual percentage yield (APY) of 929%. Note that the yield decreases as more investors participate.
You can buy $STARS with $ETH, $BNB, $USDT or your bank card at $0.0014652 per token. But don’t delay your purchase too much, because the price will go up within 3 days.
If you buy $STARS here on the official website, you can get 929% APR.
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