MOODENG Jumps 57% for Upbit Listing as Bullish Momentum Dey
MOODENG, wey be Solana-based meme coin, jump 31% inside 20 minutes after Upbit announce for July 3 and finally jump 57% to $0.22 for KRW, BTC and USDT listing. E market cap climb from $165 million to pass $200 million, as 24-hour trading volume spike pass $520 million. Technical indicators run set fully bullish. MOODENG dey now trade pass im 20-day and 50-day moving averages, don form round-bottom pattern, plus e get MACD crossover. Open interest rise 114% to $200 million, exchange balances fall 12%, wey show say holders get confidence. Heightened volatility cause $6 million long liquidations and $48 million total liquidations inside 24 hours. Before e July 10 anniversary, community hype plus strong order flows dey show say traders dey eye to retest all-time high for $0.705. Even though Upbit listing don boost liquidity and momentum, risk-aware traders suppose dey watch for possible liquidation spikes.
Bullish
Di Upbit listing come make MOODENG price sharply rise, strong volume jaga and di technical setup for bullish shape well. For short-term, traders fit enjoy di momentum and fit even test di highest price reach before (ATH) at $0.705 but dem dey face liquidation risk after blow-off wey reach $48 million recently. For long-term, di listing for big exchange go make liquidity and market recognition better, e go still support di price to go up. Overall, dis news dey push bullish outlook for MOODENG, but people wey sabi risk suppose dey watch how volatility and open interest dey change.