Following their listing on Robinhood on May 22, 2025, MOODENG and MEW experienced a price increase of over 30%, mainly driven by leverage rather than market demand.
MOODENG showed bullish signs, including a rising triangle pattern, suggesting a potential price target of $0.50, a 44% increase. MEW also demonstrated strength, reclaiming previous resistance as support.
Despite the bullish trends, traders are warned that if spot market demand does not pick up, these trends may reverse, leading to potential pullbacks.
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