Moodeng price reverses weekend recovery as EMA breakdown and RSI drag price lower
Moodeng drops 10% as bearish momentum deepens
Moodeng price is back under pressure on Monday, falling over 10% from the daily open at $0.2088 during the European session.
The weakness started during the Asian session, dragging price below the recent local low at $0.1940. This comes after the token briefly recovered over the weekend, climbing from a two-week low at 0.1888 to a two-day high at $0.2110.
Highlights
-Moodeng price resumes decline after weekend recovery
-Key support at 0.2177 flips into resistance after a 27% weekly drop
-RSI alignment and EMA crossover hint at further selloff toward 0.188
The broader trend remains negative following last week’s 27% loss, which dragged price through the key demand zone anchored at $0.2177. That zone had supported price action in previous weeks, aligning closely to the 20-day EMA. Now that this level is broken, the former support has turned into resistance. Moodeng has already failed to reclaim it on multiple tests, reinforcing its strength as a ceiling for any short-term bounce.
Moodeng price dynamics (May - June 2025). Source: TradingView
From a momentum standpoint, technical indicators are tilting heavily to the downside. On the 4-hour chart, the RSI is already trading below neutral territory and the daily RSI has now crossed into the bearish zone. This alignment increases the likelihood of further selling pressure, especially given the bearish crossover of the 20 EMA below both the 50 and 100 EMAs on the 4-hour chart. These developments suggest continued control by sellers.
Moodeng trading range and declining volume signals short-term indecision
Looking ahead, price is vulnerable to a further slide toward the liquidity pockets below the previous week’s low at $0.1880. Should that level be breached, the next downside target would be the support level at $0.1717. The zone between the previous day’s high at $0.2110 and the previous week’s low at $0.1888 now marks a decision area where buyers and sellers are temporarily balanced. Volume has declined in recent sessions, pointing to a short-term stalemate that may require a fresh catalyst for a potential breakout.
Until such a catalyst emerges, Moodeng is likely to oscillate between the $0.2110 resistance and the $0.1888 support. However, the technical evidence points to sellers having the upper hand in the immediate term.
Moodeng price dropped for the fifth straight day and hit a 2-week low. 4HR RSI trended lower while EMA structure broke down further.
