Moo Deng Price Drops 19% As Investors Flock To STARS

The Moo Deng worth plummeted greater than 19% within the final 24 hours to commerce at $0.5159 as of 10:18 p.m. EST as traders dump their holdings within the meme coin available on the market.

This current drop within the MOODENG worth comes after the crypto surged within the final 7 days. Whereas some merchants opted to comprehend their income, the meme coin remains to be 46% within the inexperienced on the weekly time-frame.

Moo Deng Worth Resting On A Very important Assist

1-hour chart for MOODENG/USD (Supply: GeckoTerminal)

The Moo Deng worth fell out of a short-term ascending channel within the final 24 hours, in keeping with GeckoTerminal information. Afterwards, the meme coin printed a sequence of decrease lows and decrease highs on the 1-hour chart, ensuing within the formation of a bearish worth channel. Now, MOODENG is resting on the important thing help stage at $0.5006.

Ought to the Moo Deng worth lose the help of the $0.5006 mark, it may proceed to commerce within the newly-formed descending channel and probably plunge to as little as $0.3840. Nevertheless, MOODENG sustaining a place above $0.5006 for the subsequent 6 hours would possibly forestall the bearish transfer from going down.

In an alternate state of affairs, the Moo Deng worth would possibly attempt to escape the present descending worth channel and try a problem on the $0.6531 resistance. Overcoming this technical impediment may give the meme coin the area wanted to presumably rise to the next resistance at $0.7966.

Moo Deng Worth Technicals Recommend The Meme Coin’s Drop Is Not Over But

technical indicators on MOODENG’s 1-hour chart, it appears bears presently have management of the meme coin’s worth. Exponential Shifting Averages (EMAs) recommend there was a bearish shift in momentum in the previous few hours. That is evident by the 9 EMA’s positioning under the 20 EMA after the 2 traces crossed within the final 24 hours.

Sellers additionally just lately overpowered consumers, which is obvious by the Relative Energy Index (RSI) dropping under the 50 benchmark. With the unfavourable slope of the RSI line, it appears bears are nonetheless rising stronger towards bulls. If bears select to capitalize on their present higher hand, they might push the Moo Deng worth even decrease by the course of the subsequent buying and selling day.

Whereas MOODENG stays on the mercy of sellers, traders are flocking to purchase meme coin rival Crypto All-Stars (STARS) for potential parabolic beneficial properties earlier than it’s too late.

Providing Meme Coin Lovers An Progressive Multi-Coin Staking Resolution

Crypto All-Stars (STARS) is a brand new mission trying to make a reputation for itself within the flourishing meme coin area. To attain this, Crypto All-Stars gives meme coin lovers an revolutionary staking resolution that comes with help for a variety of common cash. 

The listing of supported meme cash contains DOGE, SHIB, PEPECOIN, FLOKI, BRETT, MOG, LADYS, TOSHI, COQ, BONK, and TURBO. The group may also add extra choices within the coming months. 

By merely staking any of those tokens, meme coin traders will begin to earn passive crypto rewards which are paid out in STARS. These STARS tokens will be staked as nicely, with the mission providing an enormous 265% APY to anybody who locks up STARS now. 

WIth the present meme coin hype and subsequent rally in costs, traders will seemingly flip to Crypto All-Stars to develop their baggage with out having to depend on speculative buying and selling. What’s extra, the multi-coin help signifies that traders can put their holdings in a number of meme cash to work concurrently and all on one platform to earn STARS.

Fashionable YouTuber ClayBro instructed his greater than 130K subscribers that STARS may surge 10X after launching.

Buyers Rush To Purchase STARS Earlier than Its Presale Ends

Crypto All-Stars has raised over $8.2 million by its presale thus far. The shopping for frenzy is prone to proceed because the mission’s ICO enters its last stage. With simply over 16 days left, time is working out for traders to get in early on STARS. 

To accumulate the token earlier than its highly-anticipated launch and the potential 10X surge predicted by consultants like ClayBro, traders could make use of the easy purchase widget embedded on the mission’s web site. 

Promoting for $0.0016715, STARS will be purchased with both ETH, USDT, BNB, FLOKI, SHIB, PEPE, DOGE or financial institution card. As soon as bought, the STARS tokens can then be locked up through the staking web page on the web site for the 265% annual return.

Buy and stake STARS right here for the 265% APY earlier than its presale ends.

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