CandleFocus MOODENG Poised for Rally After Breakout Despite Recent Price Dip
2025-01-08
Author: Content Editor
The price of MOODENG, a cryptocurrency token, dipped by 2.57% to $0.281, but trading volume increased by 11.20% to $67.64 million, showing strong market engagement. The token faced resistance near key levels throughout the day, but buyers continue to accumulate. The $0.280 level is an important support area, and if the price falls below it, the next support is at $0.275. Analysts believe MOODENG has shown promising signs, such as bouncing back from a descending wedge pattern and accumulation near Fibonacci retracement levels. Three targets have been set for MOODENG, with the final target indicating a full rebound. Analysts expect MOODENG to continue its upward movement given its strong volume and accumulation.
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