MOODENG Recent Structural Analysis of Sharp Decline

Technical Correction After Short-Term Surge MOODENG surged 612% in a single week on May 12, and the RSI indicator broke 90 entering the overbought range, indicating a strong demand for technical correction. The key resistance level of $0.35 could not be effectively broken, triggering automated profit-taking orders from algorithmic trading systems. Leverage Liquidation Spiral Binance perpetual contract open positions skyrocketed from $18 million to $342 million, with extremely high leverage of 25x+ causing a cascading liquidation of $850 million when prices fell by 5%. Deteriorating Market Environment Fund Rotation Effect After Bitcoin broke $103,000, funds flowed back from high-risk Meme coins to mainstream assets. The total market capitalization of Solana ecosystem Meme coins shrank by 33% in a week, significantly reducing market risk appetite. Disappointment in Expectations Binance spot listing expectations did not materialize, leading to the withdrawal of previous speculative funds. The OTC premium for stablecoins in the Asia-Pacific region rose to 7.8%, with tightening liquidity exacerbating the sell-off. Exposed Project Fundamental Defects. Ecological Construction Vacuum Compared to competitors like Ordi, MOODENG lacks a technical roadmap and practical application scenarios. The popularity cycle of Thailand's Hippo IP lasted only 2 weeks, with social media discussions declining by 67%. Deteriorating Chip Structure The top 10 addresses hold 37% of the circulating supply, with 7 whales concentrating their sell-off of $36 million near $0.3. On-chain data shows that retail holding ratio plummeted from 67% to 41%, indicating exhausted market absorption capacity.

Recommendations

Short-term: If the price breaks below the neckline at $0.18, it may test the $0.12 Fibonacci 50% retracement.

Medium-term: Need to observe the progress of Binance's spot listing and the fund inflow situation in the Solana ecosystem.

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