Moca Network Coin recently had a wild price swing. It formed a “God candle” and hit a record high of $0.4347 after multiple exchange listings on Monday, surging 616% from its October low. This boosted its market cap to over $278 million and fully diluted valuation to $1.6 billion. The rally was triggered by Binance Futures’ listing with up to 75x leverage, along with listings on Bithumb, Upbit, Bullish, CoinList, and Tokenize. Moca, developed by Animoca Brands, powers the Mocaverse on the LayerZero v2 protocol for various industries.
After the listings, 24-hour trading volume soared to a record $1.2 billion. But the hype was short-lived, with the price sharply reversing to $0.15. The 4-hour chart shows its parabolic rise and fall. It remains above key moving averages, and while the Relative Strength Index is down, a “break and retest” pattern may signal a bounce, though falling below $0.1455 could nullify the bullish outlook.
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