Memecoins MOODENG, BUILDon, and MOG are gaining attention once again, with all three posting double-digit gains in the past 24 hours. These cryptocurrencies are showing bullish momentum, attracting traders and investors eager to capitalize on their movements.

MOODENG Gains 25% in 24 Hours

MOODENG has surged by 25% in the last 24 hours, currently trading at $0.30. Trading volume has increased by over 130%, reflecting heightened interest in the token. The price is now testing local resistance near $0.31, with the next significant resistance level at $0.34, an intraday high from the recent rally.

Earlier this month, MOODENG experienced a massive rally, climbing from around $0.03 on May 8 to $0.34 on May 14, marking an impressive 750% gain in less than a week. However, the price subsequently pulled back to $0.17 before rebounding to $0.30, forming a lower high compared to the $0.34 peak.

Currently, MOODENG is approaching the $0.34 resistance level again, suggesting the potential for a higher high and a continuation of its bullish trend if it breaks through. Technical indicators support the bullish outlook, with the RSI at 66 and the MACD line above the signal line, accompanied by green histogram bars.

Despite this, there are signs of waning momentum. The RSI is sloping downward, and the MACD histogram bars are shrinking. While a push toward $0.40 or even $0.50 is possible, recent sell pressure and decelerating momentum may limit the likelihood of another explosive rally like the 750% surge seen earlier this month.

BUILDon Surges 20% Amid Development News

BUILDon has risen by 20% in the past 24 hours, trading at $0.25. This comes after World Liberty Financial’s acquisition of 636,000 B tokens, which catalyzed an 800% rally from $0.03 to $0.34 on May 21. The coin has since entered a consolidation phase, with local support established around $0.20.

Momentum remains positive on the 4-hour chart, as indicated by an RSI of 57 and the MACD line staying above the signal line. However, the RSI has flattened, and MACD histogram bars are showing signs of steady decline, hinting at cooling short-term momentum.

Despite these indicators, BUILDon appears well-positioned for further upside. The project behind the token has announced active involvement in the development of World Liberty Financial’s stablecoin USD1, with plans to support USD1 as a core trading pair. This strategic move could bolster BUILDon’s long-term prospects.

MOG Coin Eyes Next Move

MOG Coin has gained 10% in the past 24 hours, trading at $0.0000036. The memecoin, boasting a $60 million market cap, recently delivered a strong rally, climbing from $0.000000658 to $0.000001284—a 97% gain in just five days. Following a brief pullback to $0.00000095, MOG rebounded and broke above the previous resistance at $0.00000128.

Currently, MOG is gearing up for its next move: either a continuation toward a new swing high or a short-term pullback. Technical indicators suggest the latter is more likely, as the RSI is at 72, signaling overbought conditions and a potential cooling-off period ahead. Traders should watch closely for confirmation of either scenario.

Key Takeaways for Investors

For those interested in cryptocurrency investing, monitoring the technical indicators such as RSI, MACD, and trading volume can provide valuable insights into potential price movements. Here are some tips:

  • Identify key resistance and support levels to gauge potential breakout or pullback points.
  • Use RSI to determine whether a token is overbought or oversold.
  • Monitor MACD histogram bars for signs of momentum shifts.
  • Keep an eye on news and developments surrounding the project, as these can significantly impact price trends.

Memecoins like MOODENG, BUILDon, and MOG continue to attract attention in the cryptocurrency space. While their volatile nature presents opportunities for significant gains, investors should remain cautious and conduct thorough research before making any decisions.

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