The post Moodeng’s Hoax-Driven Pump Faces Sustainability Doubts Amid Profit-Taking appeared on BitcoinEthereumNews.com.

The Moodeng price experienced a dramatic surge to $0.253 on Binance Futures on December 6, triggered by a death hoax that caused a 250% bounce in an hour due to low weekend liquidity. This volatility highlights the risks in meme coins, with profit-taking evident from declining accumulation/distribution indicators. Moodeng price pump: A 250% intraday spike on low liquidity, flipping the daily structure bullish but facing resistance at $0.1093. Funding rate at 0.61% signals strong long interest, yet accumulation/distribution divergence warns of potential pullback. Weekend volatility in Moodeng underscores the need for caution, with a demand zone at $0.095 potentially supporting a bounce to $0.12. Moodeng price surges 250% amid hoax news: Explore the volatility, technical shifts, and trading strategies for this meme coin rally. Stay informed on crypto fluctuations. What Caused the Recent Moodeng Price Surge? Moodeng price spiked nearly 250% within an hour on December 6, reaching $0.253 on Binance Futures, primarily due to a death hoax that fueled rapid buying amid low weekend liquidity. This event flipped the daily bearish structure to bullish as the price breached the previous lower high at $0.0958. However, at the time of writing, the token tested resistance from November’s swing high at $0.1093, raising questions about sustainability. Source: MOODENG/USD on TradingView The Directional Movement Index (DMI) confirmed the shift, with both the Average Directional Index (ADX) and positive directional indicator (+DI) rising above 20, indicating building upward momentum. Despite this, the accumulation/distribution (A/D) indicator declined even as spot buying increased, pointing to profit-taking by savvy traders. This bearish divergence suggests demand exhaustion, as the previous day’s close lagged far behind the intraday high. How Is Technical Analysis Indicating Moodeng’s Short-Term Outlook? Technical indicators on both daily and hourly charts reveal a mixed picture for Moodeng price. The daily chart shows a bullish…

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Filed under: News - @ December 7, 2025 1:21 pm