Moodeng price maintains bullish bias in consolidation amid positive funding rate

Moodeng price maintains bullish bias in consolidation amid positive funding rate
Moodeng funding rates show bullish bias

Moodeng cryptocurrency has struggled to decisively clear the $0.19 psychological resistance level this month, keeping August’s upward trajectory capped. 

The memecoin found renewed strength earlier in the week when price rebounded from the $0.167 support on Tuesday and built on those gains midweek, reaching a four-day high at $0.188 before easing slightly.

- Moodeng down 1% today to $0.181 after failing to break $0.19 resistance this week

- Moodeng funding rate at $0.0224 and long/short ratio at 1.539 favor bulls

- Key support at 20 and 50-day EMAs to decide next move

However, momentum has slowed. On Thursday, Moodeng made an early European session high at $0.1864 before slipping to an intraday low of $0.18, where support from the 4-hour 20 EMA cushioned further declines. As of the current European session, the price trades near $0.181, marking a 1% daily loss. Despite the recent pullback, the weekly path is still flat, with price hovering around the week’s opening level at $0.1816.

 Moodeng price dynamics (May - August 2025). Source: Tradingview

Technical levels remain important for the near term. If declines extent, the 20 and 50-day EMAs, clustered near $0.1777, are expected to provide key support. This zone proved effective in sustaining Wednesday’s rally, reinforcing its significance. The lack of a decisive directional shift is also reflected in the daily Relative Strength Index, which has hovered around the neutral 50 mark for the past two sessions, pointing to market indecision.

Moodeng heavy long positioning could fuel breakout 

In the derivatives market, sentiment continues to favor the bulls. Moodeng’s aggregated funding rate stands firmly positive at $0.0224, while the predicted funding rate is even higher at $0.0367, showing that long positions are paying a premium to hold. This indicates sustained confidence from leveraged buyers. The aggregated long-to-short accounts ratio at 1.539 further confirms that significantly more traders are positioned for upside than downside.

The combination of positive funding and a high long-to-short ratio suggests that conviction among buyers is still strong. However, the sideways price action since midweek hints at consolidation, where the market may be pausing before its next move. If current support levels hold, the heavy long positioning could fuel another upward push, especially if late short sellers are forced to exit. On the other hand, if price fails to break higher soon, the high concentration of long positions could make the market vulnerable to a short-term shakeout before any renewed advance.

Overall, Moodeng’s outlook hinges on whether the current consolidation resolves above the $0.19 resistance. A breakout could extend the month’s gains, while a break below the $0.1777 support zone would shift attention toward deeper retracement levels.

Moodeng saw bullish interest return as the funding rate turned positive despite weak open interest.  Moodeng bounced from a five-week low and stayed range-bound between $0.151 and $0.164.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
Weekly Top Bonuses
up to $2,500
deposit bonus for all clients
CLAIM BONUS
Your capital is at risk.