MOODENG has recently formed a symmetrical triangle or descending triangle on the 4-hour chart, which could indicate potential breakout (bullish) or breakdown (bearish).

The falling wedge pattern on the lower timeframe (4 hours) with bullish divergence on the RSI suggests a possible rebound in the near future.

Support: $0.15, $0.12-$0.13, $0.11 (Fibonacci 1.618). If the price falls below $0.34, there is a risk of further decline to these levels.

Resistance: $0.18-$0.20, $0.30, $0.56. A breakout above $0.20 could push the price towards $0.30 or even a new ATH.

#moodeng