Moodeng price targets breakout above triangle resistance past all-time high
Moodeng price rebounds from $0.235 support to reclaim short-term highs
Moodeng price is showing signs of recovery at the start of this new trading week, building on a bounce from the Sunday low at $0.235.
The token price has now climbed to $0.2766 during Monday’s European session, pushing above the previous two days’ highs and suggesting that buyers are regaining control following last week’s decline.
Highlights
-Moodeng rebounds from key support as buyers aim to retest triangle top
-EMA alignment and bullish RSI favour an upside breakout scenario
-Failure to hold trendline support could trigger bearish reversal
On Friday, Moodeng’s price dropped from its week’s high of $0.341 to $0.253, tracking the broader weakness across the crypto market. The losses deepened into the weekend, touching $0.2347 on Sunday. However, a demand zone between $0.253 and $0.215 provided strong support and helped reverse the selling pressure.
Moodeng price dynamics (April - May 2025). Source: TradingView
Price action on the 4-hour chart shows that Moodeng has been trading within an ascending triangle pattern since last week. This bullish structure is being guided by a rising trendline that coincides with the demand zone. The bounce from Sunday’s low not only reaffirmed this trendline support but also signalled fresh momentum to retest the previous week’s high.
Moodeng EMA and RSI align to support trend continuation
Currently, price is approaching the upper boundary of the ascending triangle, just below last week’s high. A breakout above this level could trigger renewed upside that may take Moodeng beyond its previous all-time high, opening the path toward price discovery.
Technically, both the 50 and 100 EMA on the 4-hour chart align closely with the ascending trendline, adding further confluence to the support zone. As long as Moodeng continues to hold above this cluster, the bullish bias remains valid. In contrast, a breakdown below both the trendline and these moving averages could invalidate the bullish structure and shift the short-term outlook into a downtrend.
Momentum indicators also support the case for further gains. The daily and 4-hour RSI readings are in bullish territory, reflecting continued buying strength. However, today’s price action has been largely stagnant since the Asian session, suggesting that market participants may be waiting for a breakout confirmation before taking new positions.
In conclusion, Moodeng is at a technical inflection point. A successful move above last week’s high would confirm a bullish continuation and potentially lead to fresh all-time highs. A breakdown below the ascending triangle, on the other hand, could set the stage for a deeper retracement.
Moodeng defied the Three Black Crows pattern and surged 40% to clear resistance. Bullish momentum cooled on Friday as price pulled back to test the $0.2915 support level.
