MOODENG on Ethereum eyes 85% rally as golden cross forms

Moodeng shows solid signs of a potential escape, with bulls looking at a possible rally of 85% while the momentum is built both from technical indicators and the increase in the accumulation of whales.

According to Coingecko data, the Moo Deng Ethereum version (Mood) increased by approximately 15.5%, exchanging about $ 0,0000,000,50,050,050,050,050,050,050,050,050,050s, in the afternoon, the Asian hour. This sets up almost 180% compared to its lowest point of this year, and gives it a market capitalization of about 11.39 billion dollars.

This recent price leap was supported by a strong commercial activity. The daily volume jumped 130% compared to the day before, reaching more than $ 12 million, a clear sign of renewed interest on the market.

Looking at the table of 4 hours, Moodeng made a solid recovery because it has the lowest at $ 0.000018 in April. It is now negotiated over its short and long-term mobile averages, which generally indicates that buyers control.

In addition to that, the token recently exploded Ditch modelA classic bullish configuration. Even more encouraging, a golden cross I just trained, the 20 -day EMA crossing the 50 -day EMA. The last time it happened, Moodeng joined around 140% from the breakdown point.

Momentum indicators also flash green with the MacD and RSI lines pointing up. The RSI is currently at 56, which suggests that Moodeng still has room to climb before hitting the exaggerated territory.

Based on this configuration, Moodeng could continue its rally up to $ 0.000093, around 85% higher than the current price. This level is also to be a major resistance zone, which the token tested for the last time in early February.

The momentum on the technical front is also equal by an increase in daily active addresses, referring to the growing use of the network and in retail participation.

Meanwhile, whales also seem to jump. Santiment data reveal a significant increase in addresses with 10,000 and 100 million Moodeng tokens, which suggests that large holders accumulate.

The increase in the activity of whales and the volume of trading coincided with the trends of Moodeng on Google, referring more to the increasing curiosity of retail.

At the time of the press, Moodeng exchanged hands at $ 0,0000,000,50,050,050,050,050,050,050,050,050,050.