- MOODENG jumped by 31% within 20 minutes of Upbit’s listing, pushing daily volume and investor interest sharply higher.
- RSI rose to 56.70 while MACD confirmed a bullish crossover, indicating increasing momentum and accumulation.
- Exchange balances fell by 12% in 24 hours, showing holders are moving tokens off exchanges despite some whale profit-taking.
MOODENG, a Solana-based meme coin themed around a hippo, surged by 40% in the past 24 hours following its listing on Upbit. The announcement came earlier today from South Korea’s largest crypto exchange, pushing the token to rally 31% within 20 minutes.
Trading volume spiked sharply during this window, leading to increased investor activity. MOODENG went live for trading with support for KRW, BTC, and USDT pairs. The exchange also reminded users to check deposit networks carefully to avoid transaction failures.
Upbit added that insufficient liquidity could delay trading. This comes just a week before the token’s one-year anniversary on July 10, an event that has been building momentum across social platforms and trader communities.
Exchange Listing and Upcoming Milestone
The listing announcement was made through Upbit’s official X handle, confirming the launch of trading support for three major pairs. Within hours, MOODENG climbed from $0.14 on July 1 to $0.21, hitting that price for the first time since June 8.
Data from CoinMarketCap ranked MOODENG among the top trending tokens following the development. The sudden interest closely aligns with the upcoming birthday of “Moo Deng” the hippo, scheduled for July 10.
A similar spike occurred during the token’s ten-month celebration in May, driven by short-term retail excitement and increased exposure online. Despite some whale selling activity, exchange balances fell by 12% in the last 24 hours, indicating tokens are moving off exchanges. This shift suggests many holders are not selling yet.
Technical Indicators Show Renewed Uptrend Forming
At press time, MOODENG was trading at $0.1832, rebounding from a daily low of $0.1651 and reaching a high of $0.2406. The price now challenges resistance levels between $0.19 and $0.20, previously support levels in May.
RSI has moved up to 56.70 from 43.41, showing mildly bullish momentum. However, the indicator still shows there is potential for more upward price action. MACD readings confirm a bullish crossover, with the MACD line rising to 0.0053 above the signal line at -0.0049.
Additionally, the positive and expanding histogram suggests growing momentum. Notably, today’s volume surpassed the daily average, hinting at increased buying interest and possibly larger accumulation trends.
Price Levels to Watch as Sentiment Builds
If MOODENG breaks above the $0.20 with continued volume, price targets may shift toward $0.25–$0.27. However, any failure to hold current levels could send the price back toward $0.1650 or lower, especially if volume declines.
Monitoring for potential dips to $0.1400 or $0.1300 if the RSI drops below 50 and MACD weakens is essential. Price direction will depend on whether volume continues to support the uptrend. MOODENG’s current movement suggests the token is nearing a key test zone that may define its next major trend.
