Memecoins MOODENG, BUILDon, and MOG are once again making headlines with notable double-digit gains in the market over the past day. Let’s review the details of these changes.
MOODENG: Significant Upsurge and Strong Momentum
MOODENG has risen by 25% over the last 24 hours, currently trading at $0.30. Trading volume surged by over 130%. The current price is testing local resistance near $0.31 while aiming for the next key resistance at $0.34.
The rally began from around $0.03 on May 8 and peaked at $0.34 on May 14, reflecting a 750% gain in less than a week. After reaching that peak, MOODENG experienced a sharp pullback to $0.17 and has now rebounded to $0.30, forming a lower high compared to the peak of $0.34.
Currently, the price is once again approaching the $0.34 resistance, suggesting the potential formation of a new high and bullish continuation if it breaks through. However, bearish momentum signs are emerging; the RSI has started to slope downward.
BUILDon: Steady Recovery After Recent Rally
BUILDon surged by 20% in the past 24 hours, currently trading at $0.25. Following a recent 800% rally from the opening price of $0.03 on May 21 to $0.34 the next day, the coin is now consolidating with local support established around $0.20.
Bullish momentum is still evident on the 4-hour chart, with the RSI at 57 and the MACD line above the signal line. However, the RSI has flattened, and the MACD histogram bars are steadily decreasing. Despite this, BUILDon appears well-positioned for further upside due to its involvement in the development of the stablecoin USD1.
Mog Coin: Bounce Back and Future Growth Potential
Mog Coin is up 10% in the past 24 hours, currently trading at $0.0000036. The $60 million market cap memecoin recently rallied from $0.000000658 to $0.000001284, showcasing a 97% gain in just 5 days. After a brief pullback to $0.00000095, MOG bounced back and broke above the previous resistance of $0.00000128.
The price seems to be gearing up for its next move, either towards a new swing high or a short-term pullback. Technical indicators suggest the latter may be more probable, as the RSI currently sits at 72, signaling overbought conditions.
Over the last 24 hours, memecoins MOODENG, BUILDon, and MOG have showcased impressive performance in the market. While their growth shows some signs of waning momentum, the potential for further gains and stable consolidation remains.
