MOODENG on Ethereum Primed for 85% Surge as Golden Cross Emerges—Just as TradFi Analysts Finish Their Coffee
Ethereum’s MOODENG token flashes bullish signals as its 50-day moving average slices through the 200-day line—a classic golden cross formation that historically precedes major rallies.
Traders are eyeing an 85% upside target from current levels, though crypto veterans know these patterns work until they don’t. The last time this happened? A 300% pump... followed by a 70% haircut two weeks later.
Meanwhile, Wall Street quants are still trying to backtest this ’new’ indicator they just discovered.
MOODENG price, 50-day and 200-day EMA chart — May 19 | Source: TradingView
On top of that, the token recently broke out of a falling wedge pattern, a classic bullish setup. Even more encouraging, a golden cross just formed, with the 20-day EMA crossing over the 50-day EMA. The last time this happened, MOODENG rallied about 140% from the breakout point.
Momentum indicators are also flashing green with both the MACD lines and RSI pointing upwards. The RSI currently sits at 56, which suggests MOODENG still has room to climb before hitting overbought territory.
Based on this setup, MOODENG could continue its rally all the way to $0.000093, which is around 85% higher than the current price. That level also happens to be a major resistance zone, which the token last tested in early February.
Momentum on the technical front is also being matched by a rise in daily active addresses, hinting at growing network usage and retail participation.
Meanwhile, whales appear to be jumping in, too. Data from Santiment reveals a noticeable increase in addresses holding between 10,000 and 100 million MOODENG tokens, which suggests large holders are accumulating.
The uptick in whale activity and trading volume has coincided with MOODENG trending on Google, further hinting at growing retail curiosity.
At press time, MOODENG was exchanging hands at $0.000050 per coin.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
