After Binance's listing, MOODENG surged over 100%: Can the rebound last?
As soon as Binance was listed, MOODENG skyrocketed, with an increase of over 100%. But such a strong upward trend also raises concerns about profit-taking pressure; will there be a rebound in the liquidation zone in the future?
MOODENG, the hippo meme coin deployed on Solana, became popular immediately after Binance futures were listed, with prices soaring.
Trading volume also increased, showing a strong momentum. Everyone is wondering whether MOODENG's upward trend can continue or if a correction is on the way?
Let's take a look at MOODENG's price trend. After Binance's listing, it directly broke through the key resistance level of the descending wedge pattern, rising over 100%.
The detective believes that this breakthrough may indicate even greater upward potential, especially with the increasing trading volume, which looks quite positive.
However, MOODENG is currently challenging another higher resistance level. If it breaks through, the price could drop to $0.2660, or it might even rise to $0.3540.
Nevertheless, given the recent rapid increase, the detective expects that there might be a correction before further rises.
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I am the detective, welcome to communicate!
