Moodeng price decline continues post midweek despite on-chain data bullish signals

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Sholanke Dele

21.08.2025

Moodeng price decline continues post midweek despite on-chain data bullish signals — Moodeng funding rates signal long conviction

Moodeng’s price action this week has been defined by a strong bearish descent that extended into midweek before a temporary rebound offered some relief.

On Wednesday, the token fell to a low of $0.144 before recovering 5.5% to reach $0.152. The recovery, however, was unable to break higher through the 20 exponential moving average on the 4-hour chart, a level that has acted as near-term resistance and capped upside momentum. This rejection set the stage for a resumption of selling pressure.

- Moodeng slips 2% today below $0.15 as intraday low hits $0.148 while open interest stays flat

- Funding rates remain elevated, showing persistent long positioning despite weak price action

- RSI stays bearish across timeframes confirming pressure while 20 EMA rejection caps upside

By Thursday’s European session, Moodeng was trading below the $0.15 psychological threshold, marking a decline of more than 2% on the day and hitting an intraday low at $0.148. What stands out in this pullback is the behavior of open interest. Unlike the earlier rebound where increasing open interest supported the upside, today’s decline is unfolding while open interest moves sideways. This signals that the drop is not being driven by a flood of new short positions but by a pause in momentum, suggesting a consolidation phase rather than aggressive bearish conviction.

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

Moodeng funding rate presents a critical layer of analysis. Moodeng’s aggregated funding costs have been rising not only during Wednesday’s rally but also throughout today’s decline. This persistence of elevated funding suggests that long traders are holding on to their positions despite short-term setbacks. Instead of exiting, they are paying higher costs to keep exposure open, which demonstrates that bullish conviction has not changed.

Moodeng’s committed long positioning hints at possible rebound

The implications of the funding rate analysis are twofold. If price stabilizes, committed long positioning could serve as a foundation for another rebound, as traders are clearly willing to maintain upside bets. On the other hand, the build-up of leveraged longs could become a liability if the price continues lower. A prolonged slide towards $0.14 would increase pressure on overextended longs, and any eventual capitulation could lead to a sharper correction.

Momentum indicators add more depth to this view. Although Wednesday’s rally briefly broke intraday market structure to the upside, the relative strength index on hourly charts has not shifted convincingly into bullish territory. The daily RSI also remains stuck in bearish levels, highlighting that underlying weakness has not been erased by the rebound.

In summary, Moodeng’s market is at a crossroads. Technical rejection at the 20 EMA and weak RSI readings confirm lingering bearish bias, but firm long interest and elevated funding rates suggest that optimism has not disappeared. The next decisive move will likely depend on whether new positions begin building, tipping the balance toward either recovery or deeper decline.

Moodeng clawed back 2.6% today after Thursday’s 17% crash wiped out two weeks of gains. The rebound lacked conviction, as the long/short ratio and open interest dropped.

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