Moodeng price dips to two-month low forcing out nearly 300k long positions

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Sholanke Dele

26.08.2025

Moodeng price dips to two-month low forcing out nearly 300k long positions — Moodeng traders eye next breakout zone

Moodeng cryptocurrency has seen heightened volatility after being caught in the wave of long liquidations that swept across the broader digital asset market on Monday. The token dropped more than 14% to a two month low of $0.1315, breaking below the demand zone that had previously supported July’s rally. The steep decline was accompanied by nearly $300,000 in long liquidations, suggesting much of the selloff was driven by leveraged traders being forced out of their positions.

• Moodeng rebounds 4% after liquidation-driven drop to $0.1315 support.

• Moodeng funding rates recover into positive zone, signalling cautious bullish sentiment.

• RSI signals intraday bullishness but daily structure still favours continued downside.

That forced selling also left its mark on derivatives markets. Funding rates slipped sharply below negative 0.05 during the selloff, pointing to an aggressive tilt toward short exposure. By Tuesday, however, rates had stabilised and edged back into slightly positive territory between 0.0019 and 0.0027. This shift indicates traders are beginning to pay once again to hold long positions, a sign of tentative bullish sentiment returning after the washout. Historically, such events often clear weaker positions and set the stage for temporary rebounds, as seen in Moodeng’s price action in the European session.

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

From Monday’s close at $0.137, Moodeng has rebounded more than 4% to trade near $0.142. Yet the recovery is unfolding against a backdrop of broader bearish sentiment. Resistance levels are clearly defined in the near term, particularly at the 20 exponential moving average on the four-hour chart near $0.147. This level also coincides with the 50% Fibonacci retracement of the most recent downswing, making it a key test for whether the rebound can extend further.

Moodeng RSI turns bullish intraday, but higher timeframes stay bearish

The structure of the past three days adds more weight to the downside bias. Moodeng has closed lower for three consecutive sessions, and today’s outcome hinges on whether the rebound can break through the immediate resistance zone. Failure to do so would likely lead to a fourth consecutive bearish close, reinforcing the broader weakness.

Momentum readings provide additional perspective. On the short-term one-hour chart, RSI has shifted into bullish territory in response to today’s bounce, signalling the presence of intraday demand. However, both the four-hour and daily RSI remain firmly in bearish territory. This mismatch suggests that while short-term buyers are active, the larger trend still favours sellers.

Overall, Moodeng’s rebound reflects temporary relief following forced liquidations, but the technical outlook points to limited upside potential. Unless bulls can reclaim and hold above the $0.147 resistance zone, the risk of renewed downside pressure will remain high.

Moodeng price tracked Bitcoin closely, reflecting their strongly correlated performance. Renewed selling pressure drove Moodeng 5% lower to a six-week low.

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