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MOODENG Surges 112% Amid Bollinger Band Squeeze, But Momentum Shows Signs of Fading
MOODENG Surges 112% Amid Bollinger Band Squeeze, But Momentum Shows Signs of Fading
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MOODENG skyrocketed 112% in a single trading session, propelled by a two-day Bollinger Band squeeze that historically precedes strong rallies. The token reached $0.26249 at press time, with trading volume exploding 387%—a clear signal of intense buyer interest.
Market dynamics shifted as the price approached the upper Bollinger Band at $0.29834, entering a consolidation phase. A seasoned whale strategically repositioned limit sell orders at $0.565 and $1.11 levels, creating potential resistance zones.
While the MACD displayed a bullish crossover, the histogram’s modest negative reading at -0.00020 suggests buying pressure may be waning. The question now becomes whether this is a temporary pause or the prelude to a reversal.
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