Deep Dive
1. Post-Listing Sell-Off (Bearish Impact)
Overview: MOC was listed on Coinone’s KRW market on 14 August 2025 (TheMossland), initially boosting accessibility for Korean traders. However, the price has since retreated -10.31% over 30 days, suggesting a “buy the rumor, sell the news” pattern.
What this means: Listings often trigger short-term volatility as early buyers take profits. With MOC’s 24h trading volume up +63.16% to $3.93M, elevated selling pressure aligns with the price drop. The lack of follow-up catalysts (e.g., ecosystem updates) post-listing has left the token vulnerable to profit-taking.
What to look out for: Sustained volume trends – a drop below $2M/day could signal exhaustion, while a rebound might indicate accumulation.
2. Bearish Technicals (Mixed Impact)
Overview: MOC trades below all key moving averages (7-day SMA: $0.0629, 30-day SMA: $0.0654), with the RSI-7 at 31.14 (oversold). The MACD histogram (-0.00020852) confirms bearish momentum.
What this means: While oversold RSI levels hint at a potential bounce, the lack of bullish divergence in MACD and persistent closes below the 7-day SMA ($0.0629) suggest weak buying interest. The nearest Fibonacci resistance (23.6% retracement at $0.0721) remains distant, limiting upside triggers.
What to look out for: A close above the 7-day SMA could signal short-term relief, but sustained buying above $0.065 is needed to reverse the trend.
Conclusion
MOC’s decline reflects profit-taking after its Coinone listing and bearish technicals amplified by weak market sentiment. Traders appear hesitant to bid aggressively amid broader crypto uncertainty, with Bitcoin dominance rising to 57.47%.
Key watch: Can MOC hold the $0.060 support (current price: $0.0605), or will breaking this level trigger another leg down?