CandleFocus Solana Meme Coin Moo Deng Targets $0.30 After 65% Drop
2024-10-09
Author: Content Editor
The Solana-based meme coin Moo Deng (MOODENG) is experiencing a potential comeback after a significant drop. Its price has increased by 11.15% in the last 24 hours, bringing its market cap to $156 million. Despite falling to $0.10 on October 7, the token has shown gains and currently sits at $0.16. Positive sentiment and an increase in social volume indicate potential further growth. The Relative Strength Index (RSI) crossing the neutral line suggests bullish momentum, with a potential target of $0.23 and even $0.30 in the short term. However, failure to rise above the $0.19 resistance could lead to a decrease to $0.13. Traders should remain cautious.
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