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The Moo Deng price has skyrocketed 212% in the last 24 hours to trade at $0.2383 as of 11:51 p.m. EST on a 898% surge in trading volume to $828 million, according to CoinGecko . This comes after Binance Futures announced the listing of MOODENGUSDT USD-Margined perpetual contract on October 25, offering traders leverage of up to 75X. #Binance Futures will launch the USDⓈ-Margined $MOODENG Perpetual Contract at 🗓️ Oct 25 2024, 10:00 (UTC) Read more 👉 https://t.co/FRuu1q8ZNA pic.twitter.com/Z9XLOaGwS2 — Binance Futures (@BinanceFutures) October 25, 2024 Inspired by a viral baby hippo named Moo Deng from Thailand’s Khao Kheow Open Zoo, the token has swiftly gained popularity after its debut on the popular Pump.Fun platform. Can the futures contract increase its popularity and help it climb even higher? Major Moo Deng Price Indicators Show A Sustained Bullish Stance According to the MOODENG/USDT chart Analysis on the 4-hour timeframe, the M...

Most crypto currencies have accumulated huge losses in the past two weeks, with a sentiment shift from greed to fear. The currently bearish dominance has favored crypto short-sellers, who could now be exposed to a possible short squeeze . In a sell-the-news event, Bitcoin (BTC) dropped below $40,000 in the second week following the Bitcoin spot ETF approval. The cryptocurrency market followed the leader, losing over $325 billion in capitalization since January 11’s peak. Notably, this movement attracted bearish traders, and the market saw an increase in short positions for multiple crypto currencies. Therefore, crypto currency exchanges register accumulated liquidity upwards, which could trigger short- squeeze events at any moment. A short squeeze happens when trading positions are closed or liquidated if the cryptocurrency reaches the liquidation prices, skyrocketing the price to further liquidity pools. Bitcoin (BTC) is the best candidate for a short squeeze Crypto...