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Analyzing MOODENG’s ‘double top’ pattern: Should you expect a dip to $0.134?
MOODENG has recently formed a double-top pattern on its one-day chart, which raises questions about the possibility of a dip to $0.134. This price movement is a result of the memecoin’s 35% drop in the last seven days.
The bearish trends that are prevailing in the market may lead to further dips if buyers fail to step in and support MOODENG’s recovery. The double-top pattern shows a clear resistance level at $0.341, which has been breached as prices lower.
Source: ambcrypto.com
