- MONG crypto price is down by 90% from its all-time high.
- Mongcoin has high liquidity based on its market cap.
Mongcoin is built on Ethereum, and it is a memecoin. It was launched just 11 months ago in the global cryptocurrency market.
The market cap of MongCoin has advanced by 19.8% in the last 24 hours, which has resulted in a value of $9.402M. This further results in a market cap ranking of #1117.
The value of the traded volume for the crypto further has declined by 6.3% in the last 24 hours. This results in a traded value of $2.576M, followed by a volume/market cap ratio of 29.05%. The following ratio shows that the MongCoin crypto has high liquidity.
MongCoin currently has 18.04K holders, and the total value locked for the crypto is $137.52M. The circulating supply of the crypto is 581.196T MONG, and the fully diluted market cap of the crypto is $11.168M. Also, the total supply and the maximum supply of the crypto is 690.0T MONG.
The volatility of the crypto is also very high, which results in 26.19%, and the fear and greed index of the crypto is 74, indicating greed. Despite this, the market cap of the crypto is very low, and the sentiment of the crypto is neutral.
Price Volatility Vs Weighted Sentiment of MongCoin
The crypto price volatility has been very low over a long time, representing the lack of traders’ presence in the crypto. Also, the weighted sentiment of the crypto is at significant lows.
MONG Crypto Technical Analysis
The price of the MONG crypto is forming higher swing highs followed by higher lows on the daily chart of the crypto. This has resulted in the formation of an expanding wedge pattern. The price of the crypto further has declined to the lower band of the pattern.
If the price of the crypto tries to rebound by forming a bullish pattern on the chart, the price of the crypto might break above the last swing high.
MONG/USDT Chart by TradingView
Following a most recent scenario, the 20-day and the 200-day EMA have formed a bearish cross, and the 50-day EMA is also approaching the 200-day EMA. The price of the crypto is trading below the given EMAs.
The MACD and the signal line have declined to significant lows, followed by a decline below the zero level. The MACD line is trading at a level of -0.000000002463, and the single line is currently at -0.000000002316.
The RSI also shows weakness in the price of the crypto as it has declined to the level of 42.95. The 14-day EMA has declined below the 50-level and is sustaining below the same.
Summary
MongCoin faces a potential breakdown below an expanding wedge pattern despite high liquidity. With a market cap of $9.402M and declining trading volume, it struggles with low trader presence and sentiment. Technicals show bearish signals, with EMAs forming a bearish cross and MACD and RSI indicating weakness. Expectations lean towards further decline.
Technical Levels:
- Support levels: $0.0000000066 and $0.000000012554
- Resistance levels: $0.000000034610 and $0.00000005472
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.