Moodeng price drops to 2-week low as RSI trends lower and EMA structure weakens
Moodeng drops below $0.2177 support
Moodeng price continues its bearish trajectory today, Friday, May 30, recording its fifth consecutive daily decline.
The broader pressure is fuelled by a more intense move following Bitcoin’s sharp drop yesterday, but Moodeng is extending even deeper into the red.
- Moodeng drops below $0.2177 support and extends weekly loss to nearly 24%
- Death cross on 4-hour chart confirms strong downside setup for Moodeng
- $0.171–$0.161 is the next zone where bulls may try to defend the bear trend
As of the European session, Moodeng has fallen by almost 24% this week. Today’s decline breaks through the $0.2177 support level, which also served as the base of last week’s daily demand zone. The price currently trades near $0.2074, which marks a fresh two-week low and reflects a full breakdown beneath the 20-day EMA, last positioned at $0.2233.
Moodeng price dynamics (Jan 2025 - May 2025). Source: TradingView
The breach of the $0.2177 support invalidates the short-term bullish base that had formed during the previous week and exposes the prior two-week low at $0.171. Below that, the next technical support sits near $0.161, a level that aligns closely with the 50-day EMA, which may act as a defensive line for bulls.
However, between the current price and those lower supports lies a demand zone stretching from $0.204 to $0.171. This area could trigger a price reaction, especially given how stretched short-term momentum indicators have become.
Moodeng daily RSI approaches bearish flip while 4-hour RSI signals stretched conditions
On the 4-hour chart, Moodeng is trading below the 20, 50, and 100 EMAs, reflecting a strong bearish structure. The 20 EMA has crossed below the 50 EMA, forming a death cross that supports further downside pressure in the near term.
Momentum indicators confirm the bearish bias. The daily RSI is on a steady decline and now approaches the neutral zone. If it dips further, it may flip into bearish territory, supporting the ongoing downtrend. Meanwhile, the 4-hour RSI has reached the oversold threshold, which is often a precursor to temporary bullish reversals, especially if price enters a demand range.
In short, the market is currently testing a critical zone. A reaction from the $0.204 to $0.171 range could trigger a short-term bounce, but a failure to hold above $0.171 may clear the path toward $0.161. Until a strong support response is seen, sentiment stays aligned with sellers.
Moodeng dropped for the fourth day as weak volume showed sellers lacked strength. Price approached key support near $0.2177 where a reversal was possible.
