Moo Deng Pulls Back 13.81% Amid Bullish Trend
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Moo Deng (MOODENG) has retreated 13.81% following a weekend rally that pushed prices into resistance territory. The dip is viewed as a healthy correction rather than a trend reversal, with technical indicators suggesting underlying bullish momentum remains intact.
Key support levels are now in focus, including a confluence of the 0.618 Fibonacci retracement, 200-day moving average, and high time frame range support. This zone could provide the springboard for the next upward leg.
Traders are watching the reaction at these technical levels closely. The current pullback mirrors typical market behavior after strong rallies, offering potential entry points for those anticipating continuation of the broader uptrend.
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