Moodeng (MOODENG) Market Analysis – May 16, 2025

Moodeng continues to hold strong interest across crypto traders, maintaining extremely high volume with over $50 million/hour in perpetual futures, placing it among the top traded meme coins.

Recent Price Action:

Moodeng formed a local top at $0.3437, coinciding with a major resistance level and clear bearish divergences in volume, RSI, and open interest. These signals suggest short-term weakness, despite overall market attention remaining high.

Key Levels:

Current Resistance: $0.3437 (local top)

Short-Term Support: $0.20 (minor level, likely to break)

Primary Buy Zone: $0.15 – $0.14 (high-confluence area)

Secondary Support/Imbalance Zones: $0.18 – $0.175 and $0.10 – $0.11 (for future setups)

Technical Confluences at $0.15–$0.14:

0.618 Fibonacci Retracement

30-day Rolling VWAP

Psychological support at $0.15

Major previous breakout level

Second market imbalance zone

Trade Setup:

Entry: $0.15 – $0.14

Target 1: $0.225 (+50–60%)

Target 2 (if momentum returns): $0.30

Stop-Loss: Below $0.13 (to guard against further downside)

Outlook:

In the short term, Moodeng is likely to drop further before finding support. The $0.15–$0.14 zone offers the strongest entry opportunity based on both technical and volume-based indicators. From there, a rebound to $0.225 is realistic. However, reclaiming the highs near $0.34 will require renewed market momentum.

Summary:

Short-term trend: Bearish

Mid-term opportunity: Bullish rebound from $0.15–$0.14

Risk Management: SL below $0.13

Watchlist Zone: $0.10–$0.11 for future dips

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