On May 22, MOODENG's memecoin saw a 37% increase, but at the time of writing, part of the gains have been recouped.
If MEW drops below the $0.0035 support and MOODENG breaks below the triangle formation, the previous bullish prognosis could be deemed invalid. Leverage was the primary driver of the rally.
There could be a significant decline if the spot market demand doesn't recover.
