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Solana Meme Coin Moo Deng Targets $0.30 After 65% Drop

Solana-based meme coin Moo Deng (MOODENG) experienced a significant drop of 65%. However, it has recently shown signs of a potential comeback, with its price increasing by 11.15% in the last 24 hours. The market sentiment has also turned positive, as reflected in the on-chain data and the rise in social volume. If this trend continues, MOODENG could breach the resistance at $0.19 and potentially reach $0.30, but traders should remain cautious. Failure to surpass the resistance could result in a decline to $0.13.