MOODENG Skyrockets 40%+ After Upbit Korea Lists Token—Traders FOMO In
Another day, another crypto pump—but this one’s got legs. MOODENG ripped past a 40% gain after South Korea’s largest exchange, Upbit, threw its weight behind the token. Cue the classic ‘buy the rumor, sell the news’ circus.
Why It Matters
Upbit’s endorsement isn’t just a rubber stamp—it’s a liquidity magnet. Korean retail traders, notorious for volatility addiction, are now piling in. The 40% surge? Just the opening act.
The Fine Print
No new fundamentals, no protocol upgrades—just exchange listing alchemy turning hype into double-digit gains. Meanwhile, Bitcoin maximalists are rolling their eyes so hard it’s audible.
Bottom Line: In crypto, the ‘fundamental’ is often just a trading pair and a prayer. MOODENG’s ride won’t be the last—just the latest proof that markets run on narratives, not spreadsheets.
Why is MOODENG rallying today?
MOODENG’s price has rallied more than 40% in the last 24 hours, as shown in the CoinGecko chart below.
The main reason for this price surge is the announcement by Upbit Korean exchange on Thursday that it will provide trading support for MOODENG. According to Upbit Korea’s X post, the trading support is scheduled for Thursday at 17:00 KST.
This news has sparked excitement among investors, with many speculating that the hippo-based meme coin could potentially reach its all-time high of $0.705 set on November 15.
Looking at the meme coin market capitalization chart below, it is evident that MOODENG’s ongoing rally has pushed its market capitalization over $217 million and has surpassed other popular meme coins, such as Neiro (NEIRO) and Baby DOGE Coin (BABYDOGE).
Meme coin market capitalization chart. Source: CoinGecko
How high can MOODENG go?
MOODENG’s daily chart shows that it broke above the descending trendline (drawn by counting multiple highs since May 26) on Wednesday, rallying 28% that day. At the time of writing on Thursday, it is breaking above its daily resistance level of $0.186.
If MOODENG closes above the daily resistance at $0.186 on a daily basis, it could extend the rally to retest the 61.8% Fibonacci retracement level at $0.258 (drawn from the May high of $0.344 to the June low of $0.12).
The Relative Strength Index (RSI) on the daily chart supports the bullish thesis as it reads 60, above its neutral level of 50, indicating bullish momentum. The Moving Average Convergence Divergence (MACD) indicator displayed a bullish crossover on Sunday. It also shows rising green histogram bars above its neutral value, indicating bullish momentum and an upward trend.
MOODENG/USDT daily chart
However, if MOODENG faces a correction, it could decline and find support NEAR the descending trendline at around $0.16.
