Moodeng price extends October rally amid rising volume and long positioning

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Moodeng price extends October rally

Highlights

- Moodeng price extends October rally above $0.16 EMA support into early week

- Rising open interest shows growing participation and confidence in Moodeng bullish breakout

- Moodeng RSI near 55 signals room for further upside before overbought threshold

Following a mild bearish close on Sunday, Moodeng regained upward momentum on Monday, October 6. The price rebounded off the dual EMA support during the European session, climbing to an intraday high at $0.171. This renewed strength lifted total October gains to more than 10%. The technical setup continues to point toward an ongoing bullish structure, as the chart maintains a series of higher highs and higher lows since the start of the month.

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

Volume trends have reinforced the legitimacy of the breakout. Over the past seven days, daily traded volume has been increasing, an indication that more participants are engaging in the market. The only pause occurred over the weekend, when Sunday’s minor decline coincided with characteristically lighter trading activity. Rising participation during advancing sessions adds depth to the rally and suggests growing conviction behind the move.

Moodeng open interest rise confirms new capital inflows behind sustained uptrend

Momentum indicators align closely with this narrative. The daily RSI is holding in bullish territory near 55, showing room for further upside without approaching overbought levels. The long-to-short ratio has also provided confirmation of strengthening sentiment. Over the weekend, the ratio broke out of a ten-day consolidation below 2.0 to above 2.5, implying that long positions are now increasing more aggressively than shorts. The concurrent rise in open interest supports this view, indicating that fresh capital is flowing into the market rather than just short covering.

Looking ahead, the near-term technical objective is focused on reclaiming the recent two-week high at $0.179. A successful break above that level would open the door to the equilibrium point of the broader four-month consolidation near $0.185. The combination of growing volume, elevated long positioning, and solid support at $0.16 suggests that Moodeng’s bullish breakout still has momentum to extend through the early part of this week.

We discussed Moodeng's price outlook turning uncertain as the consolidation breakout faded. The long-to-short ratio near 1.7 showed that the consolidation breakout lacked conviction.

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