Here’s why MEW rallied over 30% today
MEW's Market Surge: MEW experienced a significant rally of up to 31% after being listed on Robinhood, reaching a four-month high and increasing its market capitalization to over $400 million. The trading volume also surged dramatically throughout the week.
Catalysts for Growth: Key factors driving MEW's rise include its new Robinhood listing, participation in the Las Vegas Licensing Expo, a teased partnership with Cuberium, and strong bullish interest in the derivatives market, alongside positive sentiment from Bitcoin's recent all-time high.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for MOODENG
Technical Sentiment Analysis for Moo Deng (moodengsol.com) (MOODENG) As of , Moo Deng (moodengsol.com) (MOODENG) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for MOODENG stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, MOODENG is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Moo Deng (moodengsol.com) (MOODENG) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
About MOODENG
About the author
