- MOODENG’s price surged 600% after Binance Alpha announced its listing, breaking out from long-term resistance.
- With strong technical indicators, the token is on track to potentially reach a new all-time high.
In a stunning resurgence, MOODENG, one of the crypto market’s most talked-about memecoins, has made a remarkable 600% price surge over the past six days. This dramatic price movement coincides with the announcement that Binance Alpha will list MOODENG, a key factor fueling the momentum behind the token’s rise.
A Glimpse Into MOODENG’s Recent Surge
After reaching an all-time high of $0.70 in November 2024, MOODENG’s price plummeted by 97%, ultimately hitting a low of $0.02 on April 7, 2025. But as crypto markets often show, the tides can turn quickly. The sudden rally, with MOODENG’s value skyrocketing by 1,200% in recent weeks, signals a major reversal of fortune.
The surge was primarily sparked by the Binance Alpha listing on May 11, which gave MOODENG the liquidity and attention it needed to break free from its long-standing resistance trend line. The token is now eyeing its previous all-time high, with its next major resistance level just shy of the $0.32 mark.
Also read: Binance CEO Richard Teng Predicts Bright Future for Bitcoin as Key Investment Asset
Is MOODENG Poised for New Heights?
Technical indicators suggest that MOODENG‘s bullish momentum could continue. The Relative Strength Index (RSI) and the Moving Average Convergence/Divergence (MACD) both show signs of strength, pointing toward further price gains. However, some caution is warranted, as the RSI is nearing its previous peak, which could indicate a potential short-term retracement.
Despite this, MOODENG’s wave count analysis offers an optimistic outlook. The token is reportedly in a 1-2/1-2 wave formation, with the potential for a third wave to drive the price past the $0.32 resistance level. If this wave structure holds, MOODENG could soon break new ground, surpassing its previous high and reaching new all-time records.
The Road Ahead for MOODENG
While a brief pullback may occur as part of normal market fluctuations, the long-term outlook for MOODENG remains bullish. With the Binance listing providing additional credibility and liquidity, there’s strong potential for MOODENG to break past the $0.32 resistance and establish a new all-time high. Crypto traders and investors will want to watch closely as the token continues its dramatic upward trajectory.