Moondeg Explodes 200%, Can Bulls Push to the Next Key Resistanc
Moondeg (MOODEG) has posted an incredible 200% gain after reclaiming a major support zone at $0.03. With momentum still intact, traders now eye $0.20 as the next major upside target.
Key Technical Points:
Support Bounce: $0.03 level aligns with POC and value area low
Next Resistance: $0.20 confluence zone (VWAP, 0.618 Fib, bearish OB)
Momentum: Impulsive volume suggests strength but short-term consolidation likely
Price Action Overview:
Moondeg found strong demand at $0.03, a level that aligns with the point of control (POC) from the all-time high volume profile, as well as the value area low. This triple confluence created a solid base for the explosive price action that followed.
Current Momentum and Structure:
The move has been notably impulsive, supported by a spike in volume—a sign of strong market interest. Price has now entered an expansion phase, forming a higher high within a bullish market structure. However, traders should expect short-term consolidation, which is both natural and healthy after such rapid movement.
Targets and Trade Setup:
The key area to watch is $0.20, which aligns with multiple resistances: the VWAP from the ATH, the 0.618 Fibonacci retracement, and a bearish order block. If price consolidates and puts in a higher low, a retest of $0.20 becomes highly probable, with further upside potential toward $0.31 if broken.
Conclusion:
Moondeg has shown strong bullish momentum with clear technical structure. While short-term consolidation is expected, holding higher lows will increase the probability of another leg higher into major resistance zones.
Key Technical Points:
Support Bounce: $0.03 level aligns with POC and value area low
Next Resistance: $0.20 confluence zone (VWAP, 0.618 Fib, bearish OB)
Momentum: Impulsive volume suggests strength but short-term consolidation likely
Price Action Overview:
Moondeg found strong demand at $0.03, a level that aligns with the point of control (POC) from the all-time high volume profile, as well as the value area low. This triple confluence created a solid base for the explosive price action that followed.
Current Momentum and Structure:
The move has been notably impulsive, supported by a spike in volume—a sign of strong market interest. Price has now entered an expansion phase, forming a higher high within a bullish market structure. However, traders should expect short-term consolidation, which is both natural and healthy after such rapid movement.
Targets and Trade Setup:
The key area to watch is $0.20, which aligns with multiple resistances: the VWAP from the ATH, the 0.618 Fibonacci retracement, and a bearish order block. If price consolidates and puts in a higher low, a retest of $0.20 becomes highly probable, with further upside potential toward $0.31 if broken.
Conclusion:
Moondeg has shown strong bullish momentum with clear technical structure. While short-term consolidation is expected, holding higher lows will increase the probability of another leg higher into major resistance zones.
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Join the Free Trading Group
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Trade with perks & support the community!
partner.blofin.com/d/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
partner.blofin.com/d/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.