MOODENG Memecoin Rockets 280% but Indicators Suggest a Cooldown May Be Imminent

Key Takeaways

• MOODENG broke out of a long-term correction.
• Parabolic rise likely to be followed by correction.
• Retracement toward $0.075–$0.060 offers a reentry opportunity.

MOODENG has witnessed a parabolic rally, surging past multiple resistance levels and breaking out of a multi-month descending channel.

With the entry into extreme overbought territory and a completed five-wave structure visible on lower time frames, a corrective phase is likely before continuation can be confirmed.

MOODENG Price Analysis

On the 4H log chart, MOODENG broke out of a long-term descending W-X-Y-X-Z correction structure that extended from late 2024’s all-time high into April 2025.

The breakout was strong and continued in a parabolic manner.

It reclaimed previous horizontal resistances at $0.082 and $0.141 on today’s high, rising over 280% since yesterday’s open.

The impulsive rally suggests a macro trend reversal, confirming the bottom structure.

Volume significantly increased on the breakout candle, accompanied by a spike above 85 in the Relative Strength Index (RSI), which is well into overbought territory.

While bullish conditions often precede sharp corrections or sideways consolidations, as early buyers begin to take profits.

The move breached the $0.121 area and tapped into key supply zones with little resistance, showing a short squeeze or FOMO-driven move.

The overall trend remains bullish as long as the price holds above the key support at $0.082.

A retracement toward this range would present a first significant higher low since December 2024 and potentially validate the start of a sustained bull phase.

MOODENG Price Prediction

The 1H chart offers a detailed view of a completed five-wave impulse structure, with wave (v) ending at $0.141.

A textbook ABC corrective structure is now expected, with wave A potentially targeting the 1.0 Fib extension at $0.076 or the 0.786 retracement at $0.064.

If a flat or zigzag pattern unfolds, a bounce for wave B could test the $0.12 zone before final wave C completes the structure.

The most likely retracement area lies between $0.056 and $0.076, which aligns with key Fib levels and prior consolidation zones.

The RSI has already begun diverging from price, a classic signal that bullish momentum is fading short-term.

A new wave cycle may be triggered if support holds and MOODENG forms a higher low in the $0.060–$0.075 range.

The next key target would be $0.163 (2.0 Fib extension), followed by $0.240 if momentum re-accelerates.

In the bearish case, failure to reclaim $0.093 after the B wave could lead to deeper pullbacks toward $0.050, a zone with confluence from Fib levels and former resistance.

Key Levels to Watch

• Immediate Resistance: $0.141 (wave v top).
• Wave B Target Zone: $0.093 – $0.121.
• First Support Zone: $0.076 – $0.064.
• Retracement Buy Zone: $0.056 – $0.051.
• Macro Support: $0.021.