Moodeng price drops over 8% in two days despite earlier volume surge
Moodeng price erases Monday rally as selling pressure returns
Moodeng price has reversed sharply from its Monday rally, erasing much of its early-week gains as selling pressure intensified through Tuesday and Wednesday.
Despite the initial bullish reaction to the Middle East ceasefire, the memecoin has failed to build on that momentum. A drop of 3.5% was recorded on Tuesday, followed by another 4.75% decline as of Wednesday’s European session.
Highlights
-Moodeng drops over 8% in two days as selling volume surges from the supply zone
-RSI divergence between the 4hr and daily chart signals weakening bullish structure
-$0.1400 psychological level now key to holding off further downside
The reversal began from the supply zone between $0.1546 and $0.1610, which rejected the earlier rally. Since then, Moodeng has trended lower, falling to an intraday low of $0.1426. The 50 EMA on the 4hr chart helped cushion the decline during the Asian session, but the later breakdown in the European session was driven by a spike in selling volume, showing strong bearish intent.
Moodeng price dynamics (April - June 2025). Source: TradingView
This drop has now pared Moodeng’s week-to-date gain to 18.6%, sharply reducing the impact of Monday’s surge. Importantly, the 20 EMA on the four-hour chart, which had been acting as a short-term support, is now at risk of giving way due to the heavy volume tied to the latest fall.
Moodeng 4hr RSI trends lower while daily RSI turns bearish
The RSI on the four-hour chart has continued to trend lower, though it still sits inside bullish territory. However, this movement lines up with the daily RSI, which has already dipped into bearish territory. This divergence highlights growing short-term pressure even as the longer-term bullish structure fades.
If Moodeng breaks below the $0.1426 low, the next key level to watch is the $0.14 psychological mark. That zone may act as a support in the near term if selling persists. On the upside, any rebound from here would need to overcome fresh resistance at the earlier supply zone, now reinforced by the 100 EMA on the four-hour chart.
Unless buyers step in strongly during the North American session, Moodeng could struggle to recover. Momentum is shifting to the downside, and volume data suggests that sellers currently have control. Bulls need to hold $0.14 to avoid a deeper correction.
Moodeng price jumped 22% after the Trump-brokered ceasefire eased geopolitical tension. Price slipped near $0.1525 as the death cross signalled weakness in the rally's momentum.
