• Puffer exhibits integration with $0.27 assist, ready for a breakout or additional repair.
• Moodeng’s viral attraction, supported by the neighborhood, drives a value surge of 81%.
• Each tokens present excessive quantity and market cap ratios, signaling speculative exercise.

Solana-based Meme Cash Puffer and Moodeng are making waves once more after becoming a member of Binance’s newest Alpha Tasks Highlight. The Could 11 announcement injected contemporary momentum into each tokens, producing new buyers’ earnings and considerably boosting buying and selling volumes. As speculative appetites develop and neighborhood chatter intensifies, the query now could be whether or not this surge is sustainable or one other short-lived rally of those Solana meme cash.

Puff: Consolidation earlier than the following breakout?

At the moment, Puffer is buying and selling at $0.2836, exhibiting simply 5% improve over the past 24 hours. Beforehand, the token spiked to a excessive of round $0.37 earlier than receiving a pointy correction. Since then, value motion has been steady and built-in past the $0.27 assist stage. The bottom has been held robust by way of latest volatility and now serves as an essential basis.

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Quick-term assist additionally exists for round $0.28 and has seen value clustering because the repair. The benefit is that resistance is $0.30, and as soon as once more approaches close to $0.37. A latest rally was rejected there. These ranges are crucial if Puffer is aiming to regain its upward momentum.

Puff’s buying and selling quantity rose sharply to $85.33 million, up 209%. The market-to-market cap ratio is eye-opening 290%, suggesting excessive speculative conduct.

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A possible concern concerning the low round provide threat of puff tokens is that solely 10% of the whole provide is at present in circulation. This introduces the danger of dilution if extra tokens are unlocked.

Moodeng: Momentum pushed by tradition, neighborhood and Binance information

Moodeng, a Thai hippo-themed token, has exploded in value. It’s at present at $0.2582, exceeding 81% in a day. From its lowest value of simply $0.01336, the tokens have surged above $0.27 earlier than falling barely. The coin has benefited from robust neighborhood assist and the attraction of the virus, particularly after attracting consideration from Vitak Butalin in Ethereum.

Moodeng assist is at present current on the latest built-in zones of $0.2200 and $0.2500. The resistance is close to $0.2750 and there’s no established stage above that. This opens the door to speculative value discovery.

The amount surged to $1.14 billion. The turnover charge may be very excessive, with a market-to-market cap ratio of 446%. Nearly the entire thing is in circulation, decreasing the danger of inflation affecting many new tokens.