Moodeng dips 1.8% as rising volume signals breakout potential
Moodeng rallies 17% on Monday but closes weaker as resistance holds
Moodeng cryptocurrency opened the week on a strong note, lifted by broader optimism across the crypto market and momentum from Bitcoin’s fresh all-time high on Monday.
The memecoin initially surged 17% during the early hours of Monday, riding on strong sentiment and technical carry over from the weekend. However, the rally failed to sustain above last week’s high near $0.220. By late Monday, Moodeng had lost more than half of its intraday gains, closing the day at $0.1925, holding on to a 5.5% gain.
Highlights
-Moodeng opened the week strong but closed Monday weaker after failing above $0.220
-Moodeng trades 1.8% lower but rising European volume hints at a bullish breakout
-RSI stays bullish while price holds above 20-day EMA signaling underlying strength
The pressure intensified during Tuesday’s Asian session. Sellers pushed the price lower, erasing the entire gain Moodeng had built since the start of the week. However, the picture changed by the European session. Buyers stepped back in, and Moodeng staged a partial recovery. Despite this effort, the memecoin was still trading at a 1.8% loss on the day at the time of reporting.
Moodeng price dynamics (July 2025). Source: TradingView
What stands out in Tuesday’s price pattern is the shift in volume dynamics. The Asian session’s pullback came on declining volume, while the European bounce was supported by rising volume. This suggests that short-term sentiment still leans toward the upside. The ongoing preference for buy setups is also visible in Moodeng’s price structure above its 20-day EMA at $0.180. Since the weekend, intraday price action has consistently posted higher lows, reinforcing bullish intent at the lower timeframes.
Moodeng stays above 20-day EMA at $0.180, confirming upside resilience
However, the indecision on the short term is clear. The RSI is hovering around neutral territory, reflecting a balance between buyers and sellers. Yet, the daily RSI maintains its position in bullish territory, suggesting that the broader trend is still intact and tilting in favor of buyers.
Zooming into the 1-hour chart, Moodeng has been oscillating within a tight range since the late North American session of Monday. Price has been consolidating near the 50% Fibonacci retracement level, hinting at a build-up ahead of a breakout. Given the recent bullish volume dynamics and the existing uptrend, the odds favor a continuation to the upside.
However, traders should watch for a confirmed breakout. A push higher from this range could lead to a reclaim of Monday’s highs and possibly set new levels for the week. On the flip side, failure to hold above current levels might tilt the balance toward a fresh weekly loss and risk flipping Moodeng into a broader downtrend.
Moodeng lost weekly gains last week, showing divergence from major crypto rallies. Moodeng rebounded 17% after bouncing at the 20-day EMA near $0.177.
