- MOODENG was up 51.2 per cent in 24 hours, and the price was much higher at $0.1088 following a significant squeeze that has redrawn the short-term structure.
- The token recovered at the support of $0.07153, which will be considered the primary reference zone of the recent market stability.
- The upper boundary of the current trading range was characterized by a rapid approach to the resistance of $0.1675 significant of volatility.
MOODENG reported a sharp increase in the intraday market following a massive squeeze that pushed the market past the short-term levels. The last estimated value of the token was $0.1088, which increased by 51.2 per cent in the last 24 hours. This leap came after a quick spike escalated the two above its activity range in the recent past.
The move was also following a revisit of the markets to lower levels at the beginning of the session. It is worth noting that traders noted increased activity when the price was not close to the weekly floor of about 0.07153 since this is the current key support. This level now anchors the broader discussion around short-term stability, and it provides the reference point for the latest rebound.
Price Push Extends Toward Upper Levels
The rally advanced quickly, and it carried MOODENG above the mid-range zone. The chart also recorded a strong wick toward $0.1675, which stands as the current resistance. This upper boundary remains relevant since the market tested the region during the spike. However, the pair pulled back once buyers lost momentum near that level. The adjustment helped define the boundaries of the day’s range, and it created a clearer structure for short-term tracking.
With this move, MOODENG also showed a 51.5% increase against BTC during the same period. That cross-pair performance highlighted the scale of the step-up and reflected broad participation across the market. These aligned movements now form the center of the current technical picture.
Support Interaction Provides a Reference for Ongoing Movements
The bounce from $0.07153 continues to serve as the base for ongoing tracking. This section of the chart shows where buyers re-engaged after an extended period of narrow movement. However, the rally’s speed added volatility to the structure, and the reaction confirmed how traders positioned around the lower boundary.This behavior also shapes the next area of focus. The distance between the support and the upper resistance near $0.1675 now guides the market’s short-term range. As the price remains near $0.1088, the wider band offers the framework analysts will likely monitor in the sessions ahead.
