, the whale accumulated 11.8 million MOODENG, worth over $5.37 million, from Gate and OKX exchanges in the past two weeks.104.52 million MOODENG and has become the largest holder as of press time.Since mid-November, MOODENG trading volume across DEXes has declined from $250M to below $50M as of press time.
The price has followed the decline in traction. As of press time, MOODENG’s pullback hit 55%, falling from $0.7 to $0.3.Well, that would depend on overall market recovery and potential capital re-allocation to the memecoin narrative.Notably, the golden ratio at 61.8% Fib level aligned with a key bullish order block , which stopped another slight pullback in early November.
The level also aligned with trendline support, reinforcing the region as a strong support zone. So, a price recovery could be fronted from this level, especially if market sentiment improved in the next few days. As of this writing, 68% of positions were net long on MOODENG, meaning that more players were betting on MOODENG’s price recovery.Benjamin is a Telecommunication Engineering graduate who is passionate about crypto-markets and unraveling market trends. Armed with charts and patterns, he's interested in making the intricate, complex landscape of digital assets more palatable for every user.Subscribe to get it daily in your inbox.