• Moo Deng was soaked with double digit numbers, however the uptrend momentum stays.
• Vitalik’s backing and KRW record improve long-term feelings.
• Moon Deng should maintain above the 0.618 Fibonacci retracement help degree to proceed its bullish pattern.

After a spectacular efficiency, Moo Deng Memecoin has dropped by round 11.9% previously week, displaying a pause at a latest bullish momentum.

The modification follows a market-leading euphoric rally pushed each by celebrities-level virality and the help of Ethereum co-founder Vitalik Buterin.

The worth at the moment trades at round $0.231, down from the latest highs brushed towards the $0.27 mark, reflecting the cooling interval after intense speculative exercise.

Technical evaluation suggests steady bullish momentum

Regardless of the DIP, Moo Deng’s broader pattern stays intact, supported by a powerful confluence of technical indicators and a surge in institutional curiosity, following the record on the Korean Koinon trade.

welcome! @moodengsol
New record #moodeng
$Moodeng is listed in Coinone.

https://t.co/wu6lns1wp0

pair: Moodeng/Krw
deposit: open now
Commerce: 12:00pm (KST) pic.twitter.com/rvilrquarc

– Coinone (@coinoneofficial) Could 21, 2025

Memecoin has flown almost 14% from the native excessive, however analysts see it as a wholesome half of the present uptrend, fairly than a change in pattern.

As costs go backwards, we’re testing a support-rich confluence zone, together with 0.618 Fibonacci retracement ranges, a 200-day shifting common and a long-term excessive timeframe help vary.

Traditionally, such zones have triggered a powerful bullish response, and if this sample holds, latest DIPs might characterize best accumulation alternatives.

The Bulls are on the lookout for the formation of a better or decrease factor that may strengthen the validity of the continued uptrend.

As soon as Moo Deng confirms help right here and begins to reverse, the worth might goal resistance ranges close to $0.31 and goal $0.35 in upcoming classes.

Regardless of the volatility, the foundations and feelings stay robust

Particularly, the present value setback comes simply weeks after Vitalik Buterin donated 88 ETH, equal to roughly 10 million Thai baht, to Thai Khao Kheow Zoo, to sponsor Moo Deng, the real-life pygmy kippo behind Mecoin, as promised in December 2024.

Its high-profile gesture not solely raised Moo Deng’s world profile, but in addition catalyzed a dramatic surge in costs and buying and selling volumes, with tokens exceeding 125% within the following days.

The hype has been resolved briefly, however Coin nonetheless advantages from robust neighborhood engagement, viral momentum and elevated market entry by means of Koinon’s KRW market.

The mixture of cultural relevance, blockchain symbolism, and real-world charity creates distinctive, resilient tales round Moodeng, giving it extra endurance than the everyday memocoin.

Whereas short-term merchants might reply rigorously to pullbacks, long-term holders consider this revision is an element of a bigger bullish sample.

With Moo Deng buying and selling inside a predictable know-how construction and supported by elevated liquidity, market watchers at the moment are rebounds that might probably reestablish upward momentum.

If this degree of help is retained and there’s a increased or decrease kind than anticipated, Moodeng can rapidly resume climbing and problem latest highs, and the present DIP turns into a possible strategic re-entry level.