Moo Deng Nears Critical Support—50% Rebound Likely as Rounded Bottom Pattern Emerges

Moo Deng’s price action is painting a textbook bullish reversal setup. After weeks of consolidation, the asset is testing a key support level—and the charts suggest a 50% upside move could be brewing.

The technical playbook: That ’rounded bottom’ pattern isn’t just trader hopium. It signals weakening sell pressure and a slow accumulation phase (usually by those who’ll later insist they ’called the bottom’ on Crypto Twitter).

Watch the triggers: A clean break above the neckline with volume could confirm the pattern. Just don’t expect the ’institutional adoption’ narrative to resurface until after the pumps already halfway done—this is crypto, after all.

Key technical points,

• Major Support at $0.20: 200 MA, 0.618 Fibonacci, Value Area Low, and Daily SR
• Round Bottom Formation: A potential rounding base is forming on the daily chart
• Upside Target at $0.31: A 50% move could follow if support holds and structure confirms

Moo Deng’s correction began after a strong swing high NEAR $0.35, triggering an aggressive pullback. However, this retracement is not unusual, it follows a steep and volatile rally. The current move has returned to the $0.20 level, which carries significant technical weight. This area coincides with the 0.618 Fibonacci retracement of the most recent leg higher, the 200-day moving average, a daily support-resistance zone, and the value area low on the volume profile.

Notably, price action is beginning to form a round bottom pattern. While still in development, this type of structure typically indicates accumulation and often precedes breakout moves. The longer Moo Deng consolidates and holds above $0.20, the more credible the bottoming formation becomes.

From a market structure perspective, maintaining this support WOULD confirm a higher low in the broader uptrend, a bullish signal. The confluence of technical levels makes this a high-probability area for a reversal if buyers regain control.

What to expect in the coming price action

If the $0.20 support region continues to hold and the round bottom structure matures, Moo Deng could stage a rally toward $0.31, representing a nearly 50% move from current levels.

The bullish trend remains intact, and this pullback may prove to be a necessary reset before the next impulsive leg higher. Traders should monitor volume and price behavior closely around support for early signs of a reversal.