Moodeng extends three-day rally as volume hints at breakout
Moodeng extends three-day rally, eyes breakout above $0.1990
Moodeng price has extended its bullish run into a third consecutive day, attracting attention across the memecoin space. The token posted limited gains on Wednesday thanks to a general positive shift across the cryptocurrency market.
However, Thursday’s session has been more active, as Moodeng climbed steadily from the Asian session through to the European trading hours.
Highlights
-Moodeng rises 2.7% to $0.1976 before mild pullback as bulls extend three-day advance
-Daily RSI climbs toward 60 while declining volume signals possible breakout
-Strong EMA support keeps buyers in control as the market eyes extended July rally
In today’s European trading, Moodeng touched an intraday high at $0.1976 before facing a mild pullback, now trading close to $0.194. This reflects a daily gain of 2.7%, suggesting buyers are still willing to support higher prices despite temporary profit-taking.
Moodeng price dynamics (June - July 2025). Source: TradingView
Technically, Moodeng is still trapped inside a six-day consolidation range above the Fibonacci 61.8% retracement level of its early July rally. The consolidation zone has capped the upside so far, with resistance set around $0.1990. A break above this point could clear the path for a stronger upward extension, potentially expanding July and week-to-date gains.
Moodeng price stays above Fibonacci 61.8% as July extension remains on radar
Volume trends during this consolidation period have been declining, which often hints at an upcoming large directional move. Declining volume in consolidation phases typically means that sellers are losing momentum, and buyers could be preparing to push prices through key resistance.
Momentum indicators show a strengthening bullish bias. The daily RSI has shifted higher from 54 to 59, while the 4-hour RSI rose from 54 to 64. This 10% improvement highlights growing short-term buying pressure that supports the possibility of a breakout.
Looking at the 4-hour chart, the 20, 50 and 100 exponential moving averages are currently acting as dynamic support levels, preventing deeper pullbacks toward the Fibonacci 50% retracement at 0.1865 and the 61.8% retracement at 0.1738. These moving averages signal that any price rejection so far has been quickly absorbed by buyers, reinforcing confidence in the trend.
If Moodeng holds above these EMAs and pushes through 0.1990, it could open the door for a sustained rally that adds to its July advance. On the flip side, a break below the 100 EMA on the 4-hour timeframe would not simply indicate a retracement but could instead signal the start of a larger bearish reversal.
Moodeng showed weakness this week as sellers held control and price lost over 5% in six days. Price dipped to $0.1718 but held above the 50 EMA on the 4-hour chart, showing support.
