Moodeng price pares intraday gains as demand zone holds short term selloff
Moodeng hits $0.22 today
Moodeng cryptocurrency is delivering its fourth consecutive daily gains this week, extending a bullish run that began in late June.
The third week of July has been particularly rewarding for Moodeng holders, as the token continued to show strength into Thursday, July 17. However, today's price action has exposed short term vulnerability, despite the broader trend pointing upward.
- Moodeng hits $0.22 today before fading to near flat performance around $0.202
- Volume dropped and 1-hour RSI slipped to 50 as intraday momentum stalled
- $0.20 psychological support and 50 EMA now key levels for sustaining the four-day rally
In the Asian session earlier today, Moodeng surged over 11% from the day open of $0.201 to a peak above last week’s high at $0.220. The breakout hinted at strong bullish appetite, pushing the token into fresh weekly territory. Yet the strength was short lived. As the European session opened, Moodeng began giving back its gains and now trades near $0.202. This nearly flat day performance reflects the lack of follow through on earlier momentum.
Moodeng price dynamics (July 2025). Source: TradingView
The loss of momentum was preceded by a noticeable decline in volume just before the memecoin price hit the intraday peak. This continued into the European session, reinforcing the idea that buyers were hesitant to push further. Supporting that view, the 1-hour RSI has slipped to neutral territory at 50, indicating neither bullish nor bearish strength in the immediate term.
Moodeng bullish trend intact, but failure to hold $0.20 may signal deeper pullback
Still, the broader structure remains supportive of bulls. On both the 4-hour and daily charts, the RSI continues to hold firmly in bullish territory. Since late June, Moodeng has been on an upward trajectory, and short-term pullbacks like today’s may serve more as temporary pauses rather than full reversals.
At the time of writing, Moodeng is testing the $0.20 psychological support zone, which also served as the base for this morning’s rally. This area coincides with the 50 EMA on the 1-hour chart, adding further technical significance. Buyers will now be watching closely to see if this demand zone holds and reignites upside momentum.
A bounce from this level could push Moodeng price back toward the day’s high and potentially support further gains through the week. However, a clean break below this demand zone may shift focus toward a broader retracement that threatens to erase gains accrued in this four-day rally.
Moodeng defied broad crypto weakness and posted gains, while major coins fell. Moodeng formed higher swing lows but failed to push above the $0.20 pivot on weak volume.
