Moodeng price monthly gain shrinks to 400% as sellers return
Moodeng’s price action has taken a sharp bearish turn this week after touching a new all-time high at $0.3444. Since midweek, the asset has dropped over 40%, sliding to a low of $0.2061. This decline puts Moodeng below the key $0.2177 support zone and threatens further downside if buyers fail to step in near the current levels.
On the 4-hour chart, the price is wedged between the 20 and 50 exponential moving averages, compressing near the $0.2000 support area. The 50 EMA is currently acting as a base for price stability. A clear breakdown below this support would expose the next major historical support at $0.161. On the flip side, a move back above the 20 EMA at $0.235 could allow bulls to revisit the all-time high.
Moodeng 4H RSI stays bearish despite low volume hinting at sell-side exhaustion
Volume during this recent slide has been thinning out, suggesting that some of the aggressive sell-side pressure may be cooling. But the 4-hour RSI is still lodged in bearish territory, meaning downside momentum hasn't fully faded. This imbalance between lower volume and bearish momentum sets the stage for renewed short-selling if no strong bid emerges.
Moodeng price dynamics (April - May 2025). Source: TradingView
As of today, Friday, May 16, Moodeng has dropped 4% below yesterday’s close and is on track for a third straight bearish daily close. This could bring the price closer to unfilled buyside imbalances from last week. The earlier explosive month-to-date gain of 680% has now narrowed to 400%, showing how rapidly sentiment has flipped.
The technical structure is clear, traders are watching for a decisive break. A push above the 20 EMA may revive bullish sentiment, while a breakdown below $0.2 risks deepening the retracement towards the $0.161 region. Until then, the market is pinned near support and on edge for the next directional move.
Moodeng dropped 35% after a bearish engulfing pattern reversed its 500% rally. The sharp fall erased weekly gains and flipped short-term momentum to bearish.
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