Moo Deng price has fallen sharply, losing more than 19% in the past 24 hours but still remaining 46% up weekly. Let's take a look at the current situation, technical analysis, and new opportunities in the meme coin space.
Moo Deng Price Current Situation
The price of Moo Deng dropped 19% over the last day, trading at $0.5159 as of 10:18 p.m. EST. This decline follows a significant surge in the past week as some traders opted to take profits. Currently, Moo Deng is resting on the key support level of $0.5006. Losing this level could potentially lead to a further decline to $0.3840.
Moo Deng Technical Analysis
Technical indicators on Moo Deng's 1-hour chart suggest bears are currently in control. Exponential Moving Averages (EMAs) show a bearish shift, with the 9 EMA crossing below the 20 EMA. The Relative Strength Index (RSI) has dropped below the 50 mark, indicating the bears are gaining strength and could push the price lower if they capitalize on their current advantage.
New Opportunity for Meme Coin Enthusiasts
Crypto All-Stars (STARS) offers a new multi-coin staking concept for meme coin enthusiasts. Users can stake popular meme coins like DOGE, SHIB, and more to earn passive crypto rewards paid in STARS. With a 265% annual yield, the project garners interest during the current meme coin hype. Popular YouTuber ClayBro predicts a potential 10X rise in STARS post-launch.
Despite the recent drop, Moo Deng has some chances to hold its support level. Meanwhile, new projects like Crypto All-Stars offer innovative solutions for investors in the meme coin space.
