1. Moo Deng's Parabolic Price Surge
2. Price Indicators Confirm Bullish Momentum
3. Pepe Unchained ICO Hits $15.5 Million

Moo Deng's price has surged 98% in the last 24 hours, reaching $0.2076 with a trading volume of $96 million.

Moo Deng's Parabolic Price Surge

The 4-hour chart of the MOODENG/USD trading pair shows a strong bullish trend, with the price following a parabolic curve. This indicates rapid price acceleration and significant bullish momentum. However, sharp corrections often follow parabolic rises once the momentum slows down. Before the breakout, the price consolidated within a support zone, providing a base for the current uptrend. This zone could be a critical level to watch for potential pullbacks or corrections.

Price Indicators Confirm Bullish Momentum

The 50-SMA (Simple Moving Average) is far below the current price, at around $0.06533, highlighting the magnitude of the recent upward move. If the price retraces, the 50-SMA may act as a dynamic support. The technical indicators further confirm this bullish momentum. The MACD (Moving Average Convergence Divergence) line is positioned well above the signal line, indicating a strong uptrend. The MACD histogram is also positive, signaling growing bullish momentum. However, the RSI (Relative Strength Index) is currently at 84.06, well into overbought territory (above 70). This suggests that while the market is experiencing a strong bullish push, it may be due for a correction or consolidation soon.

Pepe Unchained ICO Hits $15.5 Million

Amid the Moo Deng price surge, investors are flocking to buy the layer-2 meme coin Pepe Unchained (PEPU), which has just blasted past $15.5 million in one of the most successful presales this year. This momentum has caught the attention of popular YouTuber ClayBro, who has over 130K subscribers. He notes that whale investors are among those “loading up” on PEPU tokens. Pepe Unchained addresses the issues of network outages on the Solana and TON blockchains by launching on its own layer-2 network. This ensures up to 100 times faster transaction speeds and much lower costs. As a layer-2 solution, PEPU also allows easy transfer of value between the secure Ethereum network and the fast-paced Pepe Unchained blockchain.

The Moo Deng price surge alongside the increased trading volume highlights significant interest in this project. While technical indicators confirm bullish momentum, the overbought market suggests a potential correction. Simultaneously, interest in Pepe Unchained continues to grow, emphasizing the popularity and potential of meme coins.