Moodeng slides 4% after midweek recovery attempt fails

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Moodeng resistance reinforces September weakness

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Sholanke Dele

04.09.2025

Moodeng slides 4% after midweek recovery attempt fails — Sellers dominate Moodeng’s trend

Moodeng's price action on Thursday has turned lower after two consecutive days of attempted recovery earlier this week. The cryptocurrency had shown signs of rebound from its September opening weakness, posting back-to-back daily gains. However, those advances carried signs of fragility, as both daily trading volume and open interest were declining even while the long to short ratio was rising. This divergence suggested that the upside was speculative in nature, with positioning rather than fresh capital driving the move, and lacking conviction from larger players.

• Moodeng rejected at $0.1355, extending the decline into its multi-week bearish channel.

• RSI turns bearish again, highlighting a failed rebound and weakening buying momentum.

• Moodeng downside risk grows if $0.121 support breaks, deepening bearish continuation.

The absence of confirmation on the upside set the stage for today’s selloff. As of the European session, Moodeng's price has dropped more than 4%. During the Asian session, price briefly pushed above the previous day’s high, but resistance at the September opening level of $0.1355 triggered selling pressure. That rejection drove Moodeng to an intraday low of $0.128, effectively reversing earlier optimism that the token might recover weekly and monthly losses. The inability to sustain above the month’s opening price has shifted sentiment back towards a bearish continuation.

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

Technical signals reinforce the downside bias. The two-day push higher had lifted the four-hour RSI into bullish territory, but today’s decline has pushed it back into bearish territory, highlighting the lack of follow-through buying interest. On the four-hour chart, Moodeng’s price action sits firmly within a bearish channel that has been in place since mid-August. The 20 EMA and 50 EMA are acting as consistent resistance barriers, limiting upward momentum and sustaining the broader downtrend.

Moodeng downside risk intensifies if $0.121 support gives way to fresh lows

This technical setup suggests that further downside is probable. The immediate support lies near this week’s earlier low of $0.121. A break below that level could open the way towards price zones not seen in the last three months, intensifying bearish pressure. The alignment of declining open interest and weakening momentum reflects a market where traders are disengaging rather than aggressively building long positions, which further reduces the probability of a near-term reversal.

Overall, Moodeng’s failure to sustain the midweek rebound underscores the vulnerability of its current structure. The rejection at the $0.1355 resistance and the slide back to $0.128 reinforce the dominance of sellers. Unless new inflows or a shift in broader crypto sentiment provides support, the bearish channel suggests that Moodeng may continue sliding towards fresh multi-month lows.

Moodeng RSI signalled room for further losses as bearish momentum persists. Its rising volume and falling open interest have confirmed long liquidation behind the decline.

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