• MOODENG showed a bullish falling wedge pattern, with key support at $0.35 and targets up to $0.93.
• Net outflows of $481K signaled investor accumulation, reducing sell-side liquidity for potential price growth.

 Moo Deng [MOODENG] dropped 2.07% in the last 24 hours. At press time, the coin was trading at $0.3876. 

Its 24-hour trading volume stands at $133.7 million. Over the past week, the token has fallen by 15.97%.

MOODENG’s market cap is $383.5 million, and its circulating supply is 990 million tokens. In the past 24 hours, its price ranged between $0.3797 and $0.4042.

Over the past 7 days, it ranged between $0.3232 and $0.5358. Since reaching its all-time high of $0.6804 on the 15th of November 2024, MOODENG has retraced by 43.3%.

Despite recent declines, analysts are optimistic about a potential bullish breakout. A falling wedge pattern on the chart suggests the current downtrend could reverse, leading to a sharp price recovery.

Bullish falling wedge and key support levels

MOODENG’s price movement shows a falling wedge, a chart pattern that often signals a potential reversal.

This pattern is characterized by declining highs and lows converging toward a single point, typically indicating a weakeni...