MOODENG spiked 250% after a viral hippo hoax but faced immediate profit-taking.
Key support at $0.095 may trigger a bounce toward the $0.116–$0.12 zone.
Bulls remain cautious as low liquidity and selling pressure challenge sustained upward momentum.
Moodeng — MOODENG, saw a jaw-dropping spike on Binance Futures, jumping nearly 250% on December 6th. A viral hippo death hoax caused extreme volatility within an hour. Low liquidity over the weekend amplified price swings, surprising many traders. However, the surge did not last. Profit-taking quickly followed, pushing the price lower. Now, investors are asking whether Moodeng can sustain gains or if another dip is on the horizon.
Weekend Pump: What Happened
reached $0.253 during the frenzy, while the Funding Rate, paid every four hours, rose to 0.61%. On the 1-day chart, the previous bearish structure flipped bullish when the lower high at $0.0958 was breached. The swing high from November at $0.1093 is now testing resistance. The DMI shows upward momentum is active, with the ADX and +DI above 20. Despite this, the A/D volume indicator declined, indicating smart money harvested profits.
The day’s close sat far below the high, signaling demand exhaustion and bearish divergence. Even on the 1-hour chart, A/D dropped before bouncing back, showing that buying pressure was not strong enough to sustain the rally. The $0.095 demand zone is key. If Moodeng revisits this level, another bounce toward the $0.116–$0.12 liquidity area could occur. Traders watch this zone closely for potential entry opportunities.
What’s Next for MOODENG?
Moodeng’s recent pump presents both opportunity and risk. The high Funding Rate rewards longs, but capturing funding effectively requires skill. A rally above $0.12, paired with increased social media buzz and higher trading volume, may signal a potential recovery.However, the bears still hold power. Profit-taking dominated the surge, suggesting buyers lack confidence in maintaining upward momentum. Traders in profit may exit, causing additional downward pressure.
A revisit to $0.095 could provide a second chance to buy, anticipating a bounce toward $0.12. Despite bullish signs, the rally remains fragile. Any failure to hold above the $0.095 zone could trigger a bearish reversal. Traders should monitor volume and demand indicators closely. Price action in the next few sessions will reveal whether Moodeng stabilizes or faces another sharp drop. The current market shows Moodeng as a speculative play.
Short-term traders can capitalize on volatility, while cautious investors may wait for confirmation of support and buying pressure. Watching key levels, funding rates, and social signals remains crucial for predicting the next move. Momentum alone is not enough to sustain gains. Profit-taking, low liquidity, and weekend trading patterns make Moodeng unpredictable.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
The Hong Kong Monetary Authority announced the first batch of stablecoin licenses today, with CFX up 7.5% intraday.
Gate News message: On April 10, the Hong Kong Monetary Authority will announce today at 5:00 p.m. the list of the first stablecoin issuer licensees. Driven by expectations of regulatory positives, Conflux (CFX) surged strongly in the short term. According to market data from a certain trading platform, CFX opened today at $0.0518, and the intraday high reached $0.0557. The gain for the day was 7.5%.
GateNews6m ago
Bitcoin Breaks Through $72,000: The Iran–Israel ceasefire boosts risk assets, with $427 million in short positions liquidated, but Polymarket shows disagreement on end-of-year outlook
Bitcoin broke through $72,000 on April 10, mainly due to a fragile ceasefire agreement between the U.S. and Iran that boosted market risk appetite, with funds flowing from safe-haven assets into Bitcoin. Increased institutional inflows and a rebound in Large Investors’ holdings are driving the price higher. Technical analysis shows that the main resistance lies in the $72,200 to $73,500 range. Despite a bullish outlook in the short term, there is still disagreement over forecasts for Bitcoin’s price by year-end, and the risk of a pullback also needs to be watched.
ChainNewsAbmedia1h ago
TAO (Bittensor) down 16.28% over the past 24 hours
Gate News message, on April 10, according to Gate market data, as of the time of publication, TAO (Bittensor) is trading at $269.80, down 16.28% over the past 24 hours. It reached a high of $341.10 and fell to a low of $248.60. The 24-hour trading volume is $14.71 million. The current market cap is approximately $2.59B.
Bittensor is an open-source protocol that supports a decentralized, blockchain-based machine learning network. Machine learning models train collaboratively and earn rewards in TAO based on the value of the information they provide to the collective. TAO also enables external access, allowing users to extract information from the network and adjust network activity according to their own needs.
---
Key recent news about TAO:
1️⃣ **
GateNews2h ago
The Strait of Hormuz is open! Iran demands tolls be paid in Bitcoin, and the Persian Gulf still has “big ships”
The Iranian government charges oil tankers a $1 per-barrel toll for passage through the Strait of Hormuz and requires payment in bitcoin to bypass U.S. sanctions. This move has caused extreme volatility in the cryptocurrency market, with bitcoin’s price surging, highlighting the importance of digital assets in geopolitics. Global shipping has been disrupted, Iran and the United States have taken differing positions in ceasefire talks, and financial markets have also roiled in response to this event.
CryptoCity2h ago
Bitcoin sees over 27k options contracts expire! Analyst: Bear market characteristics continue to dominate
According to Greeks.live data, April 10 saw BTC and ETH options expire. For BTC options, the number of contracts was 27,000, the Put/Call Ratio was 0.71, and the maximum pain point was $69,000. For ETH, it was 151,000 contracts, and the Put/Call Ratio was 0.77. The analysis indicates that market characteristics are skewed bearish, and falling implied volatility suggests the market expects less short-term volatility. Despite the recent rebound, internal momentum in the market has not formed, and no clear sentiment shift has been observed.
MarketWhisper2h ago
Fed Minutes Keep Bitcoin Traders Guessing as Iran Risk Clouds the Next Four Weeks
The Federal Reserve's recent minutes revealed mixed signals on potential rate changes, influenced by inflation and geopolitical tensions. Bitcoin's price is currently around $71,000, with analysts divided on its future amid these macroeconomic pressures, relying on factors like the Iran ceasefire and inflation trends.
CryptoNewsFlash4h ago
