Moodeng price surges 60% as altcoin open interest overtakes Bitcoin

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Moodeng price surges 60%

Highlights

- Moodeng trims gains, but $0.19 support holds as bullish crossover strengthens outlook.

- Bitcoin dominance falls to 56.6%, boosting speculative flows into altcoins.

- Fed cut expectations keep Moodeng supported despite short-term profit-taking.

By Monday, September 15, momentum had shifted as profit-taking set in. In the European session, Moodeng traded near $0.19, recording a daily decline of more than 10%. The retracement cut the month-to-date gain from an eye-catching 75% to around 40%, highlighting the volatility inherent in a market driven by rapid fund flows. Despite the pullback, Moodeng’s September trend is still firmly bullish, reflecting structural shifts across the crypto landscape.

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

A key factor behind this move has been the decline in Bitcoin’s market dominance, which dropped to 56.6% for the first time in nearly three years. Ethereum’s share stands at 13.9%, while other altcoins now account for 29.5%. Data also show that altcoin open interest has overtaken Bitcoin’s, a rare occurrence that signals growing confidence in alternatives to the leading cryptocurrency. The shift comes as Bitcoin consolidates within its own range, creating room for altcoins to attract speculative and institutional flows.

Moodeng’s $0.19 support level becomes key to sustaining bullish sentiment

From a technical perspective, Moodeng has strengthened considerably. September’s advance triggered a golden crossover, as the 20-day exponential moving average rose above both the 50 and 100-day exponential moving averages. This bullish formation reflects improving momentum and lends support to the argument that the current retracement could be temporary. The $0.19 level, now being tested, served as resistance last month and has transitioned into support. Holding above this zone could encourage dip buyers to re-enter, stabilizing price and potentially setting the stage for another leg higher.

Macro conditions add another layer of support. Markets are widely expecting the Federal Reserve to cut interest rates later this week, which has encouraged flows into riskier assets such as altcoins. If the easing narrative continues, Moodeng could benefit from improved sentiment, reinforcing the recovery despite short-term pullbacks.

Overall, Moodeng’s retracement appears less like a reversal and more like a pause in an otherwise strong September rally. Support at $0.19 will be crucial in determining whether the next move is a renewed climb toward recent highs or a deeper correction.

Moodeng breakout above $0.148 confirmed by rising volumes and technical momentum. Golden cross forming above $0.14 reinforces support and structural bullish outlook.

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