Moodeng price falls 16% over weekend as Middle East tension deepen June losses
Moodeng extends five-week losing streak after Middle East selloff
Moodeng price has extended its losing streak to five consecutive weeks, collapsing over 16% across the weekend after the Israel-Iran conflict intensified.
The trigger for the latest selloff came from the United States' strike on Iran, which spurred widespread liquidations across the crypto market. As risk sentiment shifted quickly, Moodeng fell sharply below both technical and psychological support levels.
Highlights
-Moodeng price rebounds 2% after a weekend selloff triggered by Middle East tension
-A bearish EMA death cross has formed as Moodeng logs its fifth straight weekly decline
-RSI avoids oversold territory, while volume signals weak confidence in today's bounce
The price broke below the 100 EMA at $0.1480 and slid under the $0.1400 level to hit $0.1215, its lowest in over six weeks. This steep decline was not isolated. On the daily chart, the move was accompanied by increasing volume across the three-day period, reinforcing the strength of bearish conviction.
Moodeng price dynamics (June 2025). Source: TradingView
The technical structure deteriorated further after the 20-day EMA crossed below the 50-day EMA, forming a death cross pattern. This bearish crossover often marks the beginning of prolonged downward moves, especially when confirmed by sustained volume and momentum. In Moodeng's case, the daily RSI still holds above oversold territory, suggesting that there is technical room for price to fall even lower.
Moodeng intraday volume remains thin despite Monday’s 2% uptick
Following the brief rebound from the $0.1215 support on Sunday, Moodeng closed that session at $0.1270. During today’s European trading hours on Monday, June 23, the token has added a modest 2% to trade around $0.1290. However, this recovery appears limited in strength.
On the 4-hour chart, the bounce from the weekend lows has occurred on declining volume. This lack of buying conviction raises doubts about the sustainability of the rebound. The immediate resistance is now positioned at the 20 EMA on the 4-hour chart near $0.1340. Without a strong move above this barrier, Moodeng’s downside structure will likely persist.
As of the European session on June 23, Moodeng is down more than 36.5%, and technicals do not yet suggest exhaustion in the selloff. Further weakness toward or below $0.1215 could be possible if investor appetite continues to shrink in response to geopolitical stress and internal trend deterioration.
Moodeng price rebounded 4% after finding support but faced hesitation at the Fibonacci golden ratio. The RSI turned bullish earlier in the day, but weak trading volume limited follow-through.
