CandleFocus

Moo Deng Defies Market Trend, Surges 30% as Crypto Liquidations Exceed $500 Million

The meme coin Moo Deng (MOODENG) has experienced a 30% increase in the last 24 hours, defying the recent market crash. The surge in price and volume suggests increasing investor interest and potential bullish sentiment. The coin's social dominance has also risen, indicating a shift in market attention towards the meme coin. Technical analysis suggests that if the momentum continues, the price could potentially reach $0.28 in the short term and $0.35 in the long term. However, traders should be cautious as profit-taking could invalidate the bullish prediction and lead to a decline in price.

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