On the earlier observation when MOODENGUSDT was trading at approximately 0.03842 USDT, a potential setup was forming on the daily chart. The price action showed a descending wedge pattern, a structure often associated with trend reversals or breakouts when confirmed by volume and support tests.
At that point, key technical indicators supported a possible upward move:
Price was consolidating near a historical support level.
A gradual reduction in selling volume was noted.
RSI was indicating a potential bullish divergence.
Following this setup, the price experienced a breakout and surged to 0.13972 USDT, marking an approximate 6x increase from the initial observed level. The breakout was supported by:
A sharp increase in volume.
Strong candle close above resistance levels.
Momentum continuation over the following sessions.
The movement from 0.03842 to 0.13972 represented a gain of more than 500%, validating the technical breakout pattern. Such movements in spot trading, while rare, demonstrate how patience, structure recognition, and timing can align for significant returns in high-volatility assets.
Note: As always, it's important to maintain discipline and risk management in volatile markets. Outcomes like this are based on patterns that do not guarantee results, and every trade involves risk.
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