Moondeng’s Extraordinary 200% Rally: What’s Next?
Moondeng has seen a massive 200% price surge recently. It bounced back strongly from a key support level of $0.03. Now, as it approaches a major resistance at $0.20, traders are on high alert.
The rally started when Moondeng found solid ground at $0.03. This level was backed by strong technical indicators, like the long-term point of control and value area low.As the price climbs, the next big test is the $0.20 resistance. Bulls need meaningful strength to break through this level.
Moondeng’s rise has caught the eye of many traders. The price is now near a technically dense resistance zone. This could lead to either consolidation or a breakout to even higher prices.
- Strong Support at $0.03: Supported by value area low and long-term point of control.
- Next Resistance at $0.20: Aligned with 0.618 Fibonacci, bearish order block, and VWAP from all-time high.
- Momentum Rising: Volume profile suggests a breakout, but consolidation may follow.
Technical analysis shows the initial bounce from $0.03 wasn’t random. It aligned with the point of control from Moondeng’s all-time high and the value area low.This created a strong base for the bullish move.
The $0.20 region is a major resistance.It combines several technical tools, making it a critical area for bulls. If Moondeng holds its gains and forms a higher low, the bullish trend could continue. A successful breakout could push prices to $0.31.
Traders should watch for consolidation and volume shifts. These will guide the next significant move. Check the MoodengUSDT (1D) Chart on TradingView for more insights.
