Moodeng consolidates amid declining open interest.

Moodeng is trying to break free from bearish pressure after falling to a two-month low of $0.1316. The rebound to $0.144 has proven weak — the movement was limited by the Fibonacci level of 0.382 and EMA20 on the 4H chart.

Market dynamics:

Trading is occurring in the range of $0.1316 – $0.144.

Volumes remain below average, indicating weak participation.

Open interest is declining — traders are closing more positions than they are opening new ones.

The price is moving in line with Bitcoin's weakness, reflecting the overall sentiment in the crypto market.

Key levels:

Resistance: $0.144 (Fibonacci 0.382 + EMA20).

Support: $0.1316 (week’s low).

Conclusion:

The decline in open interest and weak volumes indicate a lack of a confident trend. Until one of the range boundaries is broken with significant volume and new positioning, Moodeng will remain in a phase of consolidation.

$MOODENG