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After a splendid performance, the Moo Deng Memecoin has seen its price fall around 11.9% during the last week, indicating a pause in its recent bullish impulse.

This correction occurs after an euphoric rebound that captured significant market attention, driven both by the virality at celebrity levels and the support of the Ethereum co -founder, Vitalik Bugerin.

The price currently quotes at approximately $ 0.231, below the recent recent ones that touched the $ 0.27 mark, reflecting a cooling period after intense speculative activity.

The technical analysis suggests a continuous bullish impulse

Despite the fall, the general tendency of Moo Deng remains intact, backed by a strong confluence of technical indicators and an increase in institutional interest after its price in the Coinone Korean stock market.

Although Memecoin has lost about 14% since its maximum local, analysts see the setback as a healthy part of the current upward trend instead of a trend change.

As the price goes back, it is now testing a rich confluence zone in support that includes the 0.618 Fibonacci recoil level, the 200 -day mobile average and a long -term maximum time frame support range.

Historically, these areas have triggered strong bullish reactions and, if this pattern is maintained, the recent fall can represent an ideal accumulation opportunity.

The bulls seek the formation of a higher minimum that reinforces the validity of the ongoing upward trend.

If Moo Deng confirms the support here and begins to be reversed, it is likely that the price points to previous resistance levels near USD 0.31 and possibly USD 0.35 in the next sessions.

The fundamentals and feeling remain solid despite volatility

In particular, the current price setback occurred a few weeks after Vitalik Bterin donara 88 eth, worth about 10 million Baht Thai, to the Khao Kheow zoo in Thailand to sponsor Moo Deng, the pigmeo hippopotamus of real life behind the memecoin, as promised in December 2024.

This high -profile gesture not only raised the global Moo Deng profile, but also catalyzed a dramatic increase in the price and negotiation volumes, with the Token winning more than 125% in the following days.

Although Hype has temporarily calmed down, the currency still benefits from the strong participation of the community, the viral impulse and the expansion of access to the market through the KRW market in Coinone.

The combination of cultural relevance, blockchain symbolism and charity in the real world has created an exceptionally resistant narrative around Moodeng, which gives it more power to permanence than typical memecoins.

While short -term traders can react to cautious setbacks, long -term holders seem to trust that this correction is part of a broader bullish pattern.

With Moo Deng, quoting within a predictable technical structure and backed by increasing liquidity, market observers are now observing a possible rebound that could restore the bullish impulse.

If this support level is maintained and the highest expected minimums are formed, Moodeng could soon resume its ascent and challenge its recent maximums, which makes the current fall into a potentially strategic reentry point.