CandleFocus This Week in Meme Coins: Dogecoin Rallies 20%, GOAT, MOODENG See Steep Declines
2024-11-02
Author: Content Editor
This week, Dogecoin (DOGE) experienced a 20% increase in value, reaching $0.16, attributed to rising demand and support from Elon Musk. Technical analysis suggests that DOGE may continue to rise and potentially reach $0.18 or even $0.20. On the other hand, Goatseus Maximus (GOAT) saw a 30% decline, indicating bearish momentum and a potential further drop to $0.34. Moo Deng (MOODENG) also faced a significant dip of 20% and may continue to decline if liquidity moves away from the coin. However, if demand increases, MOODENG could surpass resistance at $0.20 and rise to $0.24.
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