Moondeng has surged over 200% in recent days, bouncing cleanly off a critical support zone. Now, with momentum building and a massive resistance level in sight, traders are watching closely for what comes next. Moondeng’s (MOODENG) explosive rise began after it found solid footing at $0.03, aligning with key technical indicators. As momentum increases, the next test lies at the $0.20 resistance, where bulls will need significant strength to break through.
Moondeng has caught the attention of traders and speculators alike after a remarkable 200% price rally. The move began from a clean bounce at $0.03, a level supported by strong technical confluence, including a long-term point of control and the value area low. Now, with the price heading toward a technically dense resistance zone, the market is preparing for potential consolidation or a breakout that could carry prices even higher.
Key Technical Points
- Strong Support at $0.03: Confluence of value area low and long-term POC created a strong base for the bullish reversal.
- Next Resistance at $0.20: Aligned with the 0.618 Fibonacci level, bearish order block, and VWAP from all-time high.
- Momentum Still Rising: Volume profile indicates a climatic breakout, but a healthy consolidation may be imminent.
The initial bounce from $0.03 was no coincidence; this level coincided with the point of control pulled from Moondeng’s all-time high, as well as the value area low. These overlapping indicators created a high-probability zone for demand to step in, and it did, leading to the rapid 200% spike.
Currently, Moondeng trades in a zone of heightened attention. The $0.20 region represents a major resistance, combining several technical tools: the 0.618 Fibonacci retracement from the all-time high, a key bearish order block, and VWAP resistance from the same high. This cluster of resistance is not only a technical challenge for bulls but also a make-or-break area that could dictate the medium-term trend.
Despite the strength of the move, traders should watch for potential consolidation. The volume profile shows a climatic spike, a signal that often precedes sideways action. A higher low forming during this phase would be constructive, preserving the bullish market structure and setting the stage for a breakout above $0.20.
What to Expect in the Coming Price Action
If Moondeng manages to hold its recent gains and establish a higher low, the bullish trend could continue toward the $0.20 resistance, and beyond. A successful breakout from this level would likely open the door to $0.31, marking the next major technical target. Traders should monitor consolidation zones and volume shifts closely, as these will guide the next significant move.
Meanwhile, another cryptocurrency, XRP, has also entered a crucial breakout phase, marked by a sharp increase in on-chain activity. On May 7, 2025, the amount of XRP paid between accounts increased to over 824 million XRP, which is more than 200% more than the average for the month. This significant spike is not merely a minor increase; typically, such spikes signal aggressive price movement or a change in institutional accumulation.
When compared to the price chart of XRP, a notable confluence is seen. XRP recently transcended a long-standing descending triangle resistance on the daily time frame that has been stifling price increases since the beginning of Q1. If XRP maintains its clean breakout above the cluster of exponential moving averages (the 21, 50, and 100 EMAs), which are currently comfortably below the price, it could move toward the psychological $3 barrier.
The fact that there is genuine volume supporting this breakout makes it particularly bullish. Along with the RSI, which has risen above 63, there is still space before the market becomes dangerously overbought. Before encountering resistance close to $2.80-$3.00, there is a fair amount of space for further movement.
It is difficult to overlook the unusual increase in payment volume. Either large-scale settlement flows are growing, or whales are actively moving XRP in anticipation of future gains. In either case, both scenarios lend credence to the notion that demand and usage will rise, which could support higher prices.
The bullish thesis remains valid if XRP keeps up its momentum and trades above the breakout line with consistent volume. Otherwise, a pullback to retest the breakout level around $2.20 would postpone the move but not invalidate the setup. Months of consolidation have finally caused XRP's technical and fundamental metrics to line up. With price confirmation and key metrics exploding, the asset may be ready for its next significant surge.
