- MOODENG surged 595% after being added to Binance’s Alpha Program, boosting visibility.
- Technical indicators suggest MOODENG may face a correction due to overbought levels.
- Analysts predict MOODENG could hit $0.51–$0.59 by December 2025, assuming sustained growth.
Moo Deng (MOODENG), a Solana-based meme coin inspired by a quirky Thai hippo mascot, is making headlines again. After months of stagnant price movement, the token recently experienced a staggering 595% surge in just one week.
This renewed interest followed its inclusion in Binance’s Alpha Program, a feature aimed at highlighting early-stage tokens with strong potential. MOODENG’s performance has now drawn both excitement and caution from traders who are wondering whether this dramatic rise marks the start of long-term growth or just a short-lived rally.
Binance Alpha Boosts Visibility and Volume
The turning point came on May 11 when Binance introduced MOODENG and another meme coin, GOAT, in its new Alpha Projects batch. This announcement catalyzed a sudden influx of investor attention and market activity.
MOODENG’s 24-hour trading volume soared past $1.4 billion, helping push its market cap to over $265 million. Besides, the token’s price skyrocketed to $0.2679, marking its highest point since January.
The Binance Alpha spotlight has clearly acted as a major catalyst. However, it’s important to remember that hype can fade quickly in the meme coin sector. Vitalik Buterin’s previous nod to the MOODENG mascot added credibility early on, but such momentum often requires constant fuel to be sustained.
Technical Picture: A Warning of Overheating
From a technical perspective, MOODENG appears heavily overbought. The Relative Strength Index (RSI) currently sits at 95.47, a level that typically signals an imminent pullback or at least a consolidation phase. Moreover, the price chart shows a parabolic pattern, which, although bullish, often precedes a steep correction.
Support lies around $0.15, a level where trading volume previously surged. A deeper retracement could find footing at $0.10, once a firm resistance zone. Resistance levels are forming near $0.293 and the psychological barrier of $0.30, which traders will likely watch closely in the coming days.
Outlook and Long-Term Possibility
Despite short-term risks, Coincodex analysts project that MOODENG could trade between $0.51 and $0.59 by December 2025. If this holds, early investors might see gains over 100% from today’s price. However, this projection assumes continued interest, steady market sentiment, and no significant regulatory setbacks.
