Precio de Moo Deng (moodengsol.com)MOODENG

A double-top pattern has emerged on MOODENG’s one-day chart, suggesting bearish trends could continue. The memecoin breached crucial support at the neckline at $0.341 and formed a sell signal, pushing prices lower. As the downtrend persists, MOODENG could drop to the key support level of $0.134. If this support holds, buyers could step in, leading to a rebound. Conversely, if MOODENG breaks through, it could cause more dips. The Chaikin Money Flow (CMF) indicator showed that selling activity was rising. This metric has formed lower lows, indicating that buyers are not stepping in to support a rebound. The Directional Movement Index (DMI) also highlighted the prevailing bearish trends. The positive Directional Indicator (DI) has shifted below the negative DI. However, the Average Directional Index (ADX), which was tipping south, showed that the bearish trends were weakening. This scenario could see MOODENG enter into range-bound consolidation. Additionally, if buyers step in, a bullish reversal could happen.$MOODENG

MOODENG’s Open Interest(OI) hit a peak of $304M in mid-November as the price rallied to an all-time high of $0.69. At the time, speculative interest was high as traders increased their bets on the memecoin. However, MOODENG’s OI has since dropped and stood at $94M, at press time. This shows that derivative traders have closed their positions and exited the market. This drop also shows a bearish sentiment. At the same time, it could lead to reduced volatility for MOODENG and push the price into range-bound consolidation. The Long/Short Ratio for MOODENG dropped to 0.89, indicating that short sellers are more than long buyers. This depicts a bearish state where many traders anticipate that the price will continue to decline. $MOODENG

the market shows that the Pump.fun ecological token is generally falling, with PNUT's 24-hour decline reaching 21.4%, currently priced at $0.8244. Among them, GOAT's 24-hour decline reached 11.8%, currently priced at $0.5642; ACT's 24-hour decline reached 16%, currently priced at $0.3956; MOODENG's 24-hour decline reached 16.9%, currently priced at $0.2847; FWOG's 24-hour decline reached 19%, currently priced at $0.2442. The market fluctuations are large, please be prepared for risk control.$ACT

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