Sudeng Price Shows Signs of Weakness

The Sudeng price has plummeted by over 11% in the past 24 hours, falling to $0.0203 as of 7:27 a.m. EST. This decline comes despite Binance's announcement that it will launch USD-margined Sudeng and 1,000X perpetual contracts today, with trading set to begin at 12:30 UTC.

About Sudeng

Sudeng is a Sui-based rival to Moodeng (MOODENG), which gained popularity after a baby hippopotamus named Moo Deng from a Thai zoo went viral on social media.

Price Consolidation

The Sudeng price has entered a consolidation zone between $0.01706 and $0.02407. A strong move may be in the works. If buyers identify current levels as a buying opportunity, Sudeng could potentially flip $0.02407 into support. This could provide the foundation for further upside in the coming hours. However, a break below $0.01706 could trigger a more bearish scenario.

Technical Indicators

Both the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) indicators suggest that momentum currently favors bears. RSI readings have declined, while the MACD line has started to collapse towards the MACD Signal line. These technical signs indicate that the Sudeng price may be entering a bearish trend.

Market Sentiment

Sellers still have control of the Sudeng price, with investors expressing concern and potentially panic selling.

Alternate Investment: Pepe Unchained (PEPU)

As Sudeng faces a potential downturn, investors are showing interest in Pepe Unchained (PEPU), a layer 2 meme coin rival. PEPU has ambitious plans, including a dedicated blockchain, developer grants, and a token launchpad.

PEPU ICO

PEPU is currently in the midst of an ICO, with less than 29 days remaining until its market debut on major crypto exchanges. Investors are flocking to PEPU, as evidenced by the $1.2 million it raised in the past day alone. Whales have also been accumulating the token, anticipating potential growth.

Purchase PEPU

PEPU can be purchased on its website using ETH, USDT, BNB, or bank card, with the current price being $0.01281.

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