Moodeng price prints 3-day high as RSI flips bullish despite intraday pullback
Moodeng slips from $0.214 in the European session
Moodeng memecoin has continued to show relative weakness despite broader market optimism and Bitcoin’s ongoing rally.
Since last Friday, the token erased all its previous weekly gains, showing clear signs of divergence from the bullish sentiment across major cryptocurrencies.
- Moodeng rebounds 17% during the Asian session after holding above the 20-day EMA
- Moodeng slips from $0.214 in the European session but still posts a net intraday gain
- Golden cross on 1-hour EMAs supports short-term bullish setup
The memecoin price decline was cushioned at the 20-day exponential moving average near $0.177, a zone that aligns closely between the 50% and 61.8% Fibonacci retracement levels of this month’s bullish swing that had broken above June highs.
Moodeng price dynamics (May - July 2025). Source: TradingView
From this technical level, Moodeng bounced strongly during today’s Asian session, surging by 17% to reach a three-day high at $0.214. This surge came on the back of increasing trading volume, which pushed the 4-hour RSI back into bullish territory. The rally was a sharp shift in sentiment after a week of steady decline, suggesting short-term interest from market participants at key technical levels.
Moodeng support holds at $0.190, where 10, 20, and 100 EMA converge
However, the bullish momentum did not sustain throughout the day. During the European session, Moodeng gave back nearly 10% of its intraday gain, falling to around $0.1940. Despite the pullback, the memecoin is still holding a net gain of approximately 7% on the day. The notable difference in volume between the Asian rally and the European retracement suggests that the decline is likely a temporary pullback rather than the start of another downtrend.
Technically, support is now concentrated around $0.19, where the 10, 20, and 100-period EMAs on the 1-hour chart have all converged. The 20 EMA has also crossed above both the 50 and 100 EMA, forming a strong golden cross formation. This confluence signals a shift in near-term sentiment and reinforces the argument for a continued recovery in Moodeng’s price.
If the memecoin holds above $0.190, the next logical upside target would be the previous week’s high near $0.22. A sustained break above that level could re-establish bullish momentum in line with the broader crypto market. For now, the focus lies on whether Moodeng can maintain support above the converged EMAs and reattempt its short-term peak.
Moodeng price dropped over 7% intraday as altcoin momentum weakened despite Bitcoin’s strength. It broke out from a six-day range, and RSI at 63 suggested bullish potential.
