$MOODENG has surged over 100% in the last 24 hours๐
MOODENG has become one of the highest-gaining memecoins in the crypto market, with a significant spike of +123.48% in the last 24 hours, and trading volume surpassing 11.12 billion USDT.
From a technical perspective, the current price movement has broken through the previous local resistance level and formed a parabolic rally structure. EMA-13 (yellow) has golden crossed against EMA-21 and EMA-99, indicating a very strong short-term momentum acceleration.
๐ RSI(6) at level 93.18 shows that the market is currently in the extreme overbought zone โ indicating high enthusiasm but also potential technical correction in the very short term. However, looking at the sentiment, this condition could fuel further FOMO in the memecoin sector.
๐ง MOODENG itself is part of the wave of memecoin trends that have recently come back to life along with increased community exposure, social media campaigns, and market speculation regarding the rotation of capital to high-risk assets like memecoins โ especially amidst the narrative of the early onset of Altcoin Season.
In your opinion, can $MOODENG maintain its momentum?
Or is this just a pump nโ dump?
Write your thoughts in the comments section! โฌ๏ธโฌ๏ธโฌ๏ธ
๐ Disclaimer: Not Promotion & Not Financial Advice
