$MOODENG: An Introduction and Analysis

The token’s avatar references the eponymous adorable baby hippo internet sensation in Thailand’s Khao Kheow Open Zoo in Chonburi.

Her name means “bouncy pork” in the local lingo and the pygmy hippo went viral after various online videos surfaced showing her cute hyperactive demeanour and always moist appearance.

While it’s too early to identify definite trends in Moo Deng’s price, the token rapidly rallied to set a high watermark of $0.3387 on September 28 before dropping 63% to its current price.

In the last 24 hours, Moo Deng has dropped 6.3%, but it remains 4.7% pricier than it was this time last week.

A relative strength index (RSI) of 37 and falling suggests a recent selloff has dampened the growing momentum.

For the last week, Moo Deng has traded in narrow bounds between $0.10 and $0.15. If it fails to rally new support then the newcomer meme coin is likely to fall off the radar.