2024

bullish

Daily

Coin

<p>Recent news within the cryptocurrency market has been the rise of meme coins, including&nbsp;<a href="https://www.thecoinrepublic.com/2024/09/24/whales-accumulating-neiro-as-prices-keep-surging/">NEIRO</a>&nbsp;and Moo Deng, which have shown an impressive performance. Market rally has been also fueled by the similar attention attracted by both tokens.</p> 
<h2 class="wp-block-heading" id="h-can-whale-movements-drive-neiro-higher"><strong>Can Whale Movements Drive Neiro Higher?</strong></h2> 
<p>NEIRO, a meme coin positioned as a successor to Dogecoin, has experienced a dramatic price increase of 50% within a 24-hour period. As per CoinMarketCap, the token has reached an all-time high of $0.001502.</p> 
<p>Today, a whale swapped $1.1 million in&nbsp;<a href="https://www.thecoinrepublic.com/price-prediction/pepe/">$PEPE</a>&nbsp;coins for&nbsp;$NEIRO, losing that 10 percent of value to the price impact from the transaction. Which is showing that the whale is moving towards $NEIRO strategically, implying bullish on the token considering the changes in the market.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">A whale sold $1.1 million worth of <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$PEPE</a> coin and moved all of it into <a href="https://twitter.com/search?q=%24NEIRO&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$NEIRO</a> (losing 10% due to price impact).<br><br>PEPE OUT, NEIRO IN? <a href="https://t.co/x7h09DxcKp">pic.twitter.com/x7h09DxcKp</a></p>— Martin Ho (@MartinHo99999) <a href="https://twitter.com/MartinHo99999/status/1843184547053367355?ref_src=twsrc%5Etfw">October 7, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Daily trading volume for NEIRO has also been on an upswing. Trade volume has been ramming along with almost 287% increase to 4.7 billion in daily deals. This has resulted in a ripple effect in the meme coin market, as other existing ones began to see a growth in trading volumes and increasing amounts of whales interested in the trade.</p> 
<h2 class="wp-block-heading" id="h-moo-deng-faces-investor-confidence-decline"><strong>Moo Deng Faces Investor Confidence Decline</strong></h2> 
<p>After an exciting rally, the investor confidence in a meme coin inspired from a viral pygmy hippo has plummeted – Moo Deng. Moo Deng launched on September 22, 2024, and initially gained by 500%, trading at an all time high of $0.3428.</p> 
<p>Moo Deng was hit hard after reaching a peak, market sentiment around it changed drastically. This resulted in a negative weighted sentiment that was a lack of faith in the token’s ability to recover. </p> 
<p>The sentiment has declined creating the situation in which there is less trading activity</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="523" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/10/image-9-1-1024x523.png" alt="" class="wp-image-760743" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/10/image-9-1-1024x523.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/10/image-9-1-300x153.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/10/image-9-1-768x392.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/10/image-9-1-150x77.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/10/image-9-1-696x355.png 696w, https://www.thecoinrepublic.com/wp-content/uploads/2024/10/image-9-1-1068x545.png 1068w, https://www.thecoinrepublic.com/wp-content/uploads/2024/10/image-9-1.png 1510w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">
  Source:&nbsp;Santiment
 </figcaption>
</figure> 
<h2 class="wp-block-heading" id="h-price-analysis-and-potential-support-levels"><strong>Price Analysis and Potential Support Levels</strong></h2> 
<p>At the time of writing, Moo Deng is trading at $0.1091, down almost 60% in the past week. The coin is staying above a critical support level of $0.100. If the bearish sentiment continues to drive trading decisions, this support may not hold.</p> 
<p>If the price breaks below $0.100, it could test the next support level at $0.050. Conversely, should Moo Deng manage to bounce off the current support level, there may be potential for recovery.</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="511" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/10/image-10-1-1024x511.png" alt="" class="wp-image-760748" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/10/image-10-1-1024x511.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/10/image-10-1-300x150.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/10/image-10-1-768x384.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/10/image-10-1-1536x767.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/10/image-10-1-150x75.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/10/image-10-1-696x348.png 696w, https://www.thecoinrepublic.com/wp-content/uploads/2024/10/image-10-1-1068x533.png 1068w, https://www.thecoinrepublic.com/wp-content/uploads/2024/10/image-10-1.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">
  Source:&nbsp;Tradingview
 </figcaption>
</figure> 
<p>A successful rebound could see the price rise back towards $0.200, but this would require a shift in market sentiment and increased buying interest.</p> 
<p>The post <a href="https://www.thecoinrepublic.com/2024/10/07/neiro-soars-2000-monthly-moo-deng-up-500-what-to-expect/">NEIRO Soars 2000% Monthly, Moo Deng up 500%: What to Expect</a> appeared first on <a href="https://www.thecoinrepublic.com">The Coin Republic</a>.</p>

NEIRO Soars 2000% Monthly, Moo Deng up 500%: What to Expect

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