Solana-hosted memecoin Moo Deng price rallied 153%

Moo Deng (MOODENG), a meme token built on Solana, surged over 153% in the past 24 hours, fueled by a spike in trading volume and social interest.

Solana-hosted token Moo Deng price rallied 153% in the last 24 hours as institutional demand pushed Solana higher and increased retail interest followed Bitcoin’s rally above $103,000 on Friday.

Moo Deng (MOODENG) emerged as the most-searched Solana-based coin on CoinGecko as risk appetite returned to crypto markets following Bitcoin’s breakout above $103,000 on Friday. The token’s 24-hour trading volume also surged to $890 million, dwarfing its market capitalization of $127 million.

Top 10 Solana memecoins in profit as traders eyes short-term bets

All top 10 Solana-based memecoins saw gains over the last 24 hours as traders engaged in a decisive risk-on shift. As global financial markets were buoyed by improving sentiment, fueled by Trump-era trade optimism and rising Fed rate-cut expectations, investors appear to be pivoting capital toward low-liquidity, high-volatility assets.

The total market cap of Solana-based memecoins rose 33.7% in the last 24 hours to reach $12.6 billion on Friday. Trading volumes also ballooned to $10.37 billion, highlighting the speculative momentum fueling the rally.

Among the top gainers was Moo Deng, followed closely by new entrants “pee pee poo poo” with a 140.2% surge and Chill House at 162.6%. Meanwhile, popular legacy tokens like BONK (12.6%), Fartcoin (11.5%), and WIF, with a 7.2% uptick, also saw strong performance on Friday, benefitting from improved investor risk appetite.

Typically, when a crypto rally is driven by strong macro sentiment, such as the hope for Trump trade deals this week, investors tend to make substantial bets on high-risk memecoins to realize large short-term profits by capitalizing on market sentiment.

Moo Deng price forecast: Breakout eyes $0.20 as RSI flashes overheated signal

Moo Deng (MOODENG) price entered a vertical rally early Friday, posting gains of up to 150% in the intra-day session as it rallied to a four-month peak of $0.15.

Trading at $0.14081, at the time of writing, technical indicators show that Moo Deng maintains a clear distance above both the 50-day and 100-day Simple Moving Averages (SMAs) at $0.03684 and $0.04708, respectively. Bulls could cluster major support around these key levels if markets enter a consolidation phase.

The 150-day SMA at $0.11102 has also been decisively cleared, eliminating the last major dynamic resistance and paving the way for a test of the psychological $0.2 mark.

However, on the downside, the Relative Strength Index (RSI) at 89 is deep in overbought territory, typically signaling an overheated rally and potential for short-term pullback.

But overbought readings alone rarely trigger reversals in euphoric meme cycles, especially when breakout structure and momentum align.

A minor retracement toward $0.11100 could serve as a healthy retest of support before continuation.

Only a break below the 100-day SMA would invalidate the bullish setup, exposing $0.04700 to the downside. For now, however, price action remains in favor of bulls as $0.20000 comes into view.