MOODENG Soars 112%—But Is the Party Ending? Here’s What Comes Next

MOODENG’s meteoric rally just clocked a 112% gain—enough to make even the most jaded crypto trader crack a smile. But charts don’t lie: buying volume is thinning faster than a DeFi project’s liquidity pool after a rug pull.

Key signals to watch: If the RSI flips bearish and support at $0.42 breaks, brace for a retracement. Bulls argue this is just consolidation before the next leg up. Bears whisper ’dead cat bounce’ over their martinis.

Either way, retail FOMO could extend the pump—until it doesn’t. Remember: in crypto, ’fundamentals’ are just what bagholders yell before the dump.

Source: TradingView

The MACD line at 0.02985 moved lower beneath the signal line at 0.03006, signaling potential short-term deceleration.

If $0.26249 holds, MOODENG could retrace to $0.29834. A breakout to $0.35 is also possible. If buying power weakens, the memecoin may drop to $0.21678 or even lower to $0.169.

The $0.11232 support level remains strong and intact despite ongoing consolidation. For an uptrend to continue, MACD must regain bullish momentum while price stays above the middle band.

At the time of writing, MOODENG was losing momentum, though recent volatility suggests sharp price moves are still possible.

Will the sell limit orders of MOODENG whale be activated?

Meanwhile, a seasoned whale placed large limit sell orders on the MOODENG platform.

The orders included 2 million tokens at $0.565, totaling $543K, and 1.1 million tokens at $1.11, amounting to $298K. These actions were strategically timed during a price ascent, likely to secure profits without disrupting market flow.

Despite the surge reflecting market strength, the price remained well below the whale’s selling limits.

Source: EyeOnChain

The result of the whale’s moves was decided entirely by MOODENG market interest and constant demand. A spike in purchasing behavior may eventually pull the whale’s sell targets.

On the other hand, should the market spook out, or traders get into the profit-track, the whale may actually end up staying in his position – neutralized in potential gains.

This MOODENG whale had avenged his actions. Ultimately, this crowd dynamic in the market alone did not determine the fate of these sell targets.