Moodeng price cuts weekly loss to 3% as price recovers from three-day low
Moodeng recovers 3.7% after tariff-driven selloff shakes crypto market
Moodeng cryptocurrency started the week under heavy selling pressure as global sentiment turned negative after President Trump announced new tariffs against seven major economies, including Japan, South Korea, Malaysia, and South Africa.
This surprise policy shift weighed on risk assets, and Moodeng felt the impact early on Monday, breaking below the support level of a bearish flag pattern to reach a three-day low at $0.1746.
Highlights
-Moodeng rises 3.7% after breaking down early this week below $0.1746
-Price trades above key EMAs, but low volume questions strength of rebound
-Daily RSI above 50 suggests momentum favors upside
Over the past four days, Moodeng had been consolidating below $0.1990 and above $0.1700, creating a narrow trading corridor. The breakdown on Monday marked a significant technical shift, shaking out weak hands and testing investors' conviction. However, the market reaction started to reverse on Tuesday. From the Asian session, Moodeng began to climb steadily, and this momentum carried into the European session.
Moodeng price dynamics (June - July 2025). Source: TradingView
As of today’s European trading, Moodeng has surged above a stack of key exponential moving averages on the hourly chart. Price broke through the 20, 50 and 100 EMAs around the $0.1800 psychological level, signalling a short-term technical recovery. Currently trading near $0.183, Moodeng has gained about 3.7% for the day, reducing its week-to-date loss to just 3%.
Moodeng holds above $0.1800, but volume drop warns of fragile upside
Despite this recovery, today’s up move has been accompanied by declining volume, raising questions about the strength of the rebound. The RSI on both daily and four-hour charts sits above 50, suggesting that momentum is leaning in favor of further upside. The technical picture shows that if Moodeng manages to maintain bullish momentum in coming sessions, it could not only erase this week’s losses but also attempt a breakout above the recent four-day consolidation range.
A successful push above $0.1990 would shift the week into net gains and open the path for a possible third consecutive bullish week. The support zone around $0.1700 remains crucial. Reinforced by the 50-day EMA on the four-hour chart, this level provides a strong base for Moodeng in the near term. However, if Moodeng loses this support and breaks below $0.1700, price could slide toward $0.1500, threatening to wipe out early July gains.
Overall, Moodeng’s price action reflects a delicate balance between recovering optimism and lingering caution from macroeconomic shocks. Traders will focus on volume confirmation and the ability to hold above key EMAs to gauge whether the current rebound has enough strength to turn into a sustained rally, or if it risks another pullback toward lower support levels.
Trader interest revived after Moodeng rebounded from $0.133 to $0.239 last week. Price stayed stuck below $0.20 inside a flag pattern between $0.18 and $0.20.
