The price dropped significantly after peaking at 0.33421. It's now trading below all key EMAs (5, 10, and 30), which are aligned in a bearish formation:
EMA5: 0.26558
EMA10: 0.26679
EMA30: 0.27155
The MACD is negative and below the signal line, confirming a bearish momentum. Volume has decreased since the last pump, indicating weakening buying pressure.
Conclusion: This setup looks bearish (short opportunity), but be cautious near the support zone around 0.25154. Resistance to watch is at 0.28222. If shorting, consider a tight stop-loss above resistance.
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MOODENG/USDT Analysis (1H timeframe)
Current Price: 0.26382
24H Change: -11.51%
The price dropped significantly after peaking at 0.33421. It's now trading below all key EMAs (5, 10, and 30), which are aligned in a bearish formation:
EMA5: 0.26558
EMA10: 0.26679
EMA30: 0.27155
The MACD is negative and below the signal line, confirming a bearish momentum. Volume has decreased since the last pump, indicating weakening buying pressure.
Conclusion:
This setup looks bearish (short opportunity), but be cautious near the support zone around 0.25154. Resistance to watch is at 0.28222. If shorting, consider a tight stop-loss above resistance.