- MOG is trading at $0.0000010, following a 6% spike.
- Daily trading volume is up by over 126%.
Crypto sentiment is sitting on the fence, with the Fear and Greed Index at 52. The meme coin market cap now stands at $57.6 billion after a brief jump. Major coins are moving in both directions, with charts flashing green and red. Among them, the Mog Coin (MOG) price has registered a gain of over 6.51%.
With a market cap of $392 million, the meme coin is currently trading at around $0.000001005, as per CMC data. Also, its daily trading volume has surged by over 126%, reaching $27.99 million.
Upon sustaining the bullish pressure, the price might prepare for a potential breakout. In the early hours, MOG traded at the bottom range of $0.0000009122. The sturdy bullish wave has triggered the price to climb to a high of $0.000001086.
On the seven-day price chart, Mog Coin’s price has formed a series of lows and highs, with an increase of over 29.70%. The asset began trading the week at $0.00000076, and later, its upside was triggered, reaching the current trading zone.
Can the Bulls Keep Control of MOG?
MOG’s technical indicator analysis exposed the bullish sentiment, with the Moving Average Convergence Divergence (MACD) line crossing above the signal line. This highlights a positive crossover in the market, where the buying pressure is increasing. Besides, with the Chaikin Money Flow (CMF) sitting at 0.13, the market is showing clear signs of buying strength. Money is moving in, which could support continued upward movement if momentum holds.
MOG chart (Source: TradingView)
Moreover, the daily Relative Strength Index (RSI) is found at 66.92, indicating strong upward momentum and suggesting the asset may be nearing overbought territory. Mog Coin’s Bull Bear Power (BBP) value of 0.0000001576 suggests a very weak bullish pressure in the market.
In addition, the four-hour trading pattern of MOG hints at the positive price movement. The asset might rise and test the nearby resistance at around $0.000001014. If the active upside correction continues, it could push the price to its recent high above the $0.000001023 mark.
In contrast, assuming the positive sentiment of the meme coin shifts to bearish, MOG’s price could lose its recent gains and slip toward the $0.0000009995 level. An extended correction on the downside might further depress the asset’s price, and it may find support at the $0.0000009980 range.
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