Can the bulls be pushed with a large resistance to $ 0.20?

Moondeng increased over 200% in recent days, bouncing purely from the critical support zone. Now, with swing buildings and the mass level of resistance in sight, traders carefully observe what follows.

Moondeng’s (Moodeng) Explosive growth began after finding a solid basis to $ 0.03, aligned with key technical indicators. As swinging increases, the next test lies on $ 0.20 resistance, where the bulls will need a significant power to break through.

Moondeng attracted the attention of traders and speculators equally after the exceptional goals of 200%. This move started from pure bouncing to $ 0.03, a level supported by strong technicality, including long-term control point and area of ​​value low.

With now, with the aim of moving on a technically dense zone of resilience, the market is prepared for potential consolidation or interruption that could carry even greater prices.

Key technical points

• Strong support at $ 0.03: The acquisition of the value of the low and long-term POC created a strong base for a Bullover turnaround.
• Next resistance to $ 0.20: She aligned with a level of 0.618 Fibonacci, bear order of orders and VVAP from all time.
• Momentum is still growing: The sound profile means a climatic burglary, but a healthy consolidation can be inevitable.

Technical analysis and market behavior

The initial bounce of $ 0.03 was no coincidence, this level coincided with the control point withdrawn from Moondeng all the time high, as well as the low value of the value. These overlap indicators created a high probability zone for the need to enter, and that has led to Rapid 200% point.

Currently Moondeng trades in the enhanced attention zone. The $ 0.20 region is a major resistance, combining several technical tools: a coating of 0,618 fibonacci from a comprehensive color, key block for bear order and vhap resistance from the same high. This resistance cluster is not just a technical challenge for bulls, but also an area of ​​make or interruptions that could dictate a medium-term trend.

Despite the strength of the move, traders should look after potential consolidation. The volume profile shows the climatic spike, a signal that often precedes the action in the hip. Highly low formation during this phase would be constructive, preserving the structure of navigating and setting the piercing stage above $ 0.20.

What to expect in the upcoming price of the store

If Moondeng manages to keep recent gains and establish a bigger low, a bikov trend can continue with a resistance of $ 0.20 and beyond. A successful break from this level will probably open the door to $ 0.31, marking the next main technical objective. Traders should follow consolidation zones and volume carefully, as it will lead the next significant move.