MOODENG coin surged 705% in 5 days, from $0.038 to $0.29, due to exposure through Binance’s Alpha spotlight program and high community engagement.
Open Interest in MOODENG rose from $40M to $267M, driven by Binance and Bitget, with volume hitting an all-time high of $6.9B.
Whales have placed significant resistance at $0.565 and $1.11, while a move past $0.43 could signal a breakout extension for MOODENG.
While a revisit to $0.60 for MOODENG is a possibility in the medium- to long-term, a consolidation phase is likely due to overbought conditions and resistance levels.