Moodeng price positive funding rate signals longs amid weak open interest

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Sholanke Dele

06.08.2025

Moodeng price positive funding rate signals longs amid weak open interest — Moodeng stays in tight band

Moodeng cryptocurrency is trading flat on Wednesday, August 6, after an early decline to a new five-week low at $0.150. The memecoin initially extended Tuesday’s drop but recovered in the European session, returning to the previous day’s closing price near $0.155. The week-to-date loss now stands at 3%, but price continues to hover within a tight consolidation zone defined by $0.1635 on the upside and $0.151 on the downside.

• Moodeng trades flat near $0.155 after bouncing from a new five-week low

• Open interest has dropped to $47.1 million, while funding rates turn positive

• Price remains stuck between $0.164 and $0.151 as traders await directional move

This four-day range reflects a market in pause following a steep decline seen in late July. During that period, Moodeng’s aggregated open interest has steadily dropped and now sits near monthly lows at $47.1 million, levels last seen in early June. This decline in open interest points to reduced speculative activity, likely caused by recent volatility or a lack of directional conviction from traders.

Moodeng price dynamics (June - July 2025). Source: Coinalyze

Technically, the combination of flat price action and falling open interest suggests that traders are closing positions rather than opening new ones. This type of environment often points to neutral sentiment or uncertainty about the next move. The lack of momentum on both sides may keep price locked within the current consolidation band unless a fundamental or technical trigger appears.

Moodeng positive predicted funding rate at 0.0012 points to rising expectations

However, some on-chain signals hint at a potential shift. The aggregated funding rate has flipped positive at 0.0028, meaning long traders are now paying shorts. This suggests that bullish sentiment is slowly building. Additionally, the predicted funding rate has also turned positive at 0.0012, implying that expectations for continued long bias are rising. The combination of these funding shifts indicates that short positions are being cleared out, and control may be tilting back toward bullish participants.

From a scenario perspective, if price moves higher while open interest begins to rise again, it could confirm the emergence of new long positions and trend development. If price rises while open interest remains flat or drops, it may indicate a short squeeze. On the other hand, if both price and open interest decline again, it would suggest bearish continuation or capitulation.

For now, price stability near $0.155 reflects indecision. Traders will be watching closely for either a break above $0.1635 or a drop below $0.151 to confirm the next direction. Until then, Moodeng appears to be consolidating while the broader market searches for a stronger conviction.

Moodeng faced intense selling pressure after being rejected from a key Fibonacci retracement level. Moodeng broke below the 20-day EMA, and RSI fell to bearish territory.

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