Moo Deng’s Correction Could Signal a Bullish rebound
Moo Deng has retreated nearly 40% from its recent peak. Yet,this correction might be paving the way for a new upward surge. A crucial support zone is taking shape.
Following a rapid climb, Moo-Deng (MOODENG) is now in a correction phase. The price has dipped too around $0.20, aligning with several key technical levels. This level is notable as it matches the 200-day moving average, 0.618 Fibonacci retracement, and daily support-resistance zone. If this support holds, it could act as a launching pad for another rally.
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