CandleFocus Moo Deng Price Crashes 60% in a Week Due to This Reason
2024-10-07
Author: Content Editor
Moo Deng (MOODENG) experienced a significant rally in September but has since seen a steep decline in price. The market sentiment has turned negative, leading to lower trading volumes and uncertainty about the coin's recovery. Technical indicators, such as the Relative Strength Index (RSI), show bearish momentum. The price has dropped by almost 60% in the past week and is currently trading at $0.132. While the coin is currently holding above support at $0.124, it could potentially drop further to $0.099. However, if the price bounces back from the support level, there is a possibility of recovery, with a potential rise towards $0.180 and even $0.200.
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