Moo Deng (MOODENG) Dips But Remains a Top Performer, Outpacing Dogecoin (DOGE) in Trading Volume

Analysts are calling the dip a “healthy correction,” noting that the Moo Deng token continues to trade within a bullish structure, supported by strong fundamentals and growing community hype.

Analysts are calling the recent dip in Moo Deng (MOODENG) token a “healthy correction,” noting that the token continues to trade within a bullish structure, supported by strong fundamentals and growing community hype.

Currently priced around $0.25, Moo Deng coin saw a steep rise in recent weeks, briefly touching $0.27 before the cooldown. Technical analysts say the Moo Deng coin chart is now testing a confluence of bullish indicators—including the 0.618 Fibonacci retracement, 200-day moving average, and a long-standing horizontal support level.

“This is exactly where bulls want to see price action stabilize,” one market watcher explained. “If Moo Deng forms a higher low here, we could see a retest of $0.31 and even $0.35.”

Moo Deng vs Dogecoin: Trading Volume Flip Signals Meme Coin Shift

One of the biggest surprises in the Moo Deng meme coin news cycle came on May 22, when Moo Deng briefly overtook Dogecoin (DOGE) in 24-hour trading volume on Coinbase. According to data from CoinGecko, Moo Deng notched $12.3 million in trading volume, surpassing Dogecoin’s $10.8 million.

This spike sparked a wave of social media hype, with Twitter account @KookCapitalLLC joking that Moo Deng “addressed the media” after the milestone. While the post was tongue-in-cheek, the numbers are real and highlight shifting trader sentiment.

“Moo Deng trading volume on Coinbase is a major signal,” said one analyst. “It shows retail momentum moving away from legacy meme coins like Dogecoin and Shiba Inu, and toward new cultural tokens with viral backstories.”

Celebrity Support and Charity Fuel the Moo Deng Narrative

Part of Moo Deng’s appeal lies in its backstory. Named after a real-life baby pygmy hippo in Thailand, the Moo Deng token gained international attention after Ethereum (ETH) co-founder Vitalik Buterin donated 88 ETH—worth roughly $10 million Thai baht—to Khao Kheow Zoo in Moo Deng’s honor.

The donation, made in December 2024, sparked a wave of goodwill and interest in the token. As a result, Moo Deng crypto saw a 125% surge in price, accompanied by record trading volumes.

This blend of blockchain culture, charity, and animal-themed storytelling has helped Moo Deng meme coin stand out in a crowded market.

Moo Deng Tokenomics and Support Levels Key to Next Move

With Moo Deng testing the 0.618 Fibonacci support level, analysts are eyeing this zone for a potential price breakout. If this support holds, a bullish reversal could send the Moo Deng coin price toward previous resistance areas.

Meanwhile, Moo Deng whales activity is showing signs of accumulation rather than distribution—another bullish signal. The Moo Deng coin supply and demand dynamic remains tight, with exchange liquidity increasing post-listing on Korea’s Coinone exchange.

This listing not only boosted Moo Deng’s visibility in Asia but also triggered a spike in institutional and retail inflows. The Moo Deng coin Binance listing rumors, though unconfirmed, are now adding to market speculation.

Moo Deng Community Growth and Market Sentiment

The Moo Deng community has expanded rapidly across social platforms, further fueling the meme coin’s momentum. From Reddit threads to Twitter spaces, retail traders are actively discussing Moo Deng coin price target projections and potential use cases.

While some question, “Is Moo Deng coin a good investment?”, others view it as a cultural asset rather than a traditional crypto play. Its viral narrative, charity angle, and fast-growing community give Moo Deng staying power that’s uncommon among meme coins.

Final Thoughts: Future of Moo Deng Crypto

Despite its recent correction, Moo Deng continues to dominate the meme coin conversation. Its breakout above Dogecoin in trading volume is a symbolic moment, suggesting a new contender in the meme coin wars.

If the current support level holds and bullish momentum returns, traders can adjust their Moo Deng price prediction models accordingly. The potential for a move toward the $0.31–$0.35 range in the near term exists if the bulls regain control. However, traders should remain vigilant, as meme coins are inherently volatile and can reverse sharply.

Yet, with strong fundamentals, active community engagement, and cultural relevance, the future of Moo Deng crypto looks increasingly promising—at least for now.