Moo Deng Price Prediction: MOODENG Plummets 15% As Traders Flock To This New Meme Coin ICO With A 6,107% APY

The Moo Deng price plummeted 15% in the last 24 hours to trade at $0.1969 as of 7:41 a.m. EST as investors dump their holdings in the meme coin.

Despite the 24-hour drop, the MOODENG price is still in the green by more than 61% over the past 7 days and is up an impressive 468% on the monthly time frame.

The Moo Deng Price Enters Consolidation

4-hour chart for MOODENG/USD (Source: GeckoTerminal )

The Moo Deng price has entered into a consolidation channel between $0.1626 and $0.2420 in the last 24 hours. Should the meme coin drop below the $0.1626 support in the next 24 hours, it could be exposed to the risk of falling to the next technical safety net at $0.1048.

On the other hand, a break above the $0.2420 resistance level could give the crypto the foundation needed to continue rising. Buyer might subsequently push MOODENG to as high as $0.3287 in the short term.

Technicals Warn The Moo Deng Price Could Continue To Fall In The Next 24 Hours

Technical indicators on MOODENG’s 4-hour chart warn that the Moo Deng price might keep falling in the next 24 hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators are showing bearish signs.

Currently valued below the 50 benchmark, the RSI on the 4-hour chart suggests that sellers are in control of the Moo Deng price. As such, it will be easier for bears to push MOODENG down in the next 24 hours than it will be for bulls to push it up during the same period.

Meanwhile, the MACD line is positioned below the MACD Signal line to indicate that MOODENG is in a bearish cycle. In the last couple of hours, the gap between these two technical indicators has started to increase. Traders might see this as a sign of MOODENG’s bearish momentum intensifying.

If these technical warnings are validated in the coming 24 hours, the Moo Deng price will likely end up losing the aforementioned $0.1626 support and potentially fall to $0.1048.

While MOODENG tries to fend off bearish pressure, traders and investors are rushing to buy a new meme coin by the name of Flockerz (FLOCK) for its unmatched staking rewards.

More Than Just Another Pump And Dump Meme Coin

Flockerz (FLOCK) aims to break the overwhelming trend in the meme coin space where a new token soars due to initial hype and FOMO, only to shed a large chunk of its value and never really truly recover thereafter. To do this, the project employs an innovative vote-to-earn model to keep investors engaged.

Each FLOCK holder will have a say in the project’s future, and is able to vote through Flockerz’s decentralized autonomous organization (DAO). This essentially leaves the project’s future in the hands of its community, which is a rarity in the meme coin space. 

While a majority of crypto projects claim decentralization, Flockerz is one of the very few project’s that is not controlled by a small group of people. By voting in the future direction of the project, investors stand to receive rewards paid out in FLOCK. 

However, this is not the only way investors can grow their holdings, as there is also a 6,107% Annual Percentage Yield (APY) available to anyone who stakes FLOCK now.

With its vote-to-earn model and the high rewards up for grabs, it’s easy to see why YouTuber Jacob Crypto Bury is bullish on the young meme coin. In a video to his 42.6K subscribers, he predicted that FLOCK could generate 10X returns for investors.

Investors Position Themselves For Potential Parabolic Gains

Flockerz has managed to raise over $370K through its ongoing presale so far. Selling for $0.0056785, FLOCKcan be bought using either ETH, USDT, BNB or bank card.

Once purchased, the tokens can be put to work via the staking page on the website. So far, over 29 million FLOCK has been locked up as investors try to position themselves early for maximum returns.

Anyone that wants to buy FLOCK at the best rate will want to hurry because the meme coin’s price is set to increase as its presale progresses. There is less than 20 hours left until the next price hike.

Purchase and stake FLOCK here for 6,107% in annual rewards before its price increases.

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