Moodeng price struggles to hold above $0.14 as selloff threatens deeper lows
Moodeng price slides 10% as June’s 25% monthly loss confirms bearish trend
Moodeng cryptocurrency has struggled to maintain its bullish momentum, failing to extend last week’s rally into this week. The price action last week was not strong enough to push the daily RSI into bullish territory, as it stalled near the neutral 50 level.
This weak RSI performance hinted that the underlying buying strength was not convincing enough to shift the market structure.
Highlights
-Moodeng's price after June’s 25% monthly loss confirms dominant seller pressure
-Moodeng's daily RSI drops to 42 today, showing that momentum remains firmly bearish
-Potential rebound hinges on Bitcoin-led market sentiment
As the new week began, Moodeng resumed its bearish trend that started in mid-May. On Monday, June 30, the cryptocurrency saw a steep drop of over 10%, closing June with a monthly loss exceeding 25%. This sharp decline confirmed that sellers continue to dominate, and it intensified the bearish narrative that has defined Moodeng’s trajectory for weeks.
Moodeng price dynamics (June - July 2025). Source: TradingView
On Tuesday, July 1, Moodeng opened near $0.1470 but faced continuous pressure from sellers throughout the Asian and European sessions. The price slipped to the key support level at $0.14, which has served as a critical pivot for the past two weeks. By the European session, Moodeng was still hovering around this support, reflecting a price loss of about 5% on the day.
Moodeng price bearish narrative dominates despite Bitcoin’s potential July breakout
The move below $0.1470 and the continued testing of the $0.14 level have pushed the 4-hour and daily RSI deeper into bearish territory. This indicates that both short-term and long-term momentum remain heavily skewed to the downside and suggests a growing risk of a decisive breakdown below the $0.14 support level.
If the $0.14 level fails to hold, the next downside objectives lie at the three-day low of $0.1330 and the eight-week low at $0.1215. These levels will be critical for traders to watch, as a move below them could invite additional selling and further weaken sentiment around Moodeng.
Fundamentally, broader market dynamics could still influence Moodeng’s trajectory. Bitcoin, the flagship cryptocurrency, has shown signs of preparing for a bullish breakout in July, tracking the recent strength of the S&P 500 index. Historically, Bitcoin’s performance has had ripple effects across the crypto market, and a breakout there could potentially support a relief rally in Moodeng. However, any potential upside for Moodeng would likely be limited and lag behind Bitcoin’s move, as its technical structure suggests deep-seated weakness.
Moodeng lost buying strength after the weekend rally failed to attract fresh fundamental interest. Moodeng fell back below key EMAs showing that technical momentum faded quickly.
