- MOG crypto price surged 51.45% during the weekly trading session.
- An increase of 5.74% has been observed in the MOG price during the intraday trading session.
- Mog Coin trading volume has increased 434.89% in the last 24 hours.
Mog Coin (MOG) is an open-source cryptocurrency, a memecoin, launched in July 2023. The project’s main motive is to capitalize itself based on the most hilarious, viral, and mind-blogging memes and dominate the internet.
The MOG memecoin gained a positive approach from investors in February 2024. The crypto recorded over 660% growth in price, which also followed in March 2024. In the current month, the resurgence in price can be seen, reflecting investors’ increasing interest.
Will MOG Crypto Price Attain the $0.0000010 Mark?
Mog Coin price experienced a bullish correction phase in April 2024 after a positive rise of 110% in March 2024. The crypto dropped by over 25% during the April trading session. In the current month, a strong recovery can be seen in the price, reflecting the strong approach of buyers.
According to the statistics for the last seven days, Mob coin has outperformed the Ethereum ecosystem cryptocurrencies and the global cryptocurrency market. Conversely, the community behind MOB crypto is feeling 79% bullish today. Regarding market cap, it placed itself among the world’s top 250 most dominant cryptocurrencies.
Price Volatility & Social Dominance Analysis
The price was closely moving in correlation with social dominance, reflecting the influence of social tweets. In recent sessions, social sentiments have experienced a rise of 0.20% across social media platforms.
That impacted high volatility in price, whereas the current price is slowly surging, indicating the increasing interest of users in the current phase.
Technical Analysis of the Mog Coin (MOG/USD)
The long-term outlook lies above the key exponential moving averages (EMAs) on the bullish side. The current price rebounded the 50-day EMA from below, indicating the continuation of the bullish trend.
MOG price experienced a bullish correction phase from the $0.00000135 resistance. The price has recently given a breakout at $0.00000057 from the trendline, which is forming above.
In the last two trading sessions, the price formed strong bullish candles after the breakout level’s retest, showing the buyers’ strong presence. As per the market technicals, the MOG price reflected a bullish outlook.
The relative strength index (RSI) showed strong bullish momentum in the current phase. That reflected the buyers’ domination over the current trading sessions. The RSI is moving at 63.41 above the SMA line.
Summary
Since mid-March 2024, the Mog coin price has experienced a bullish correction period. However, a positive rise in price can be seen from the $0.00000046 demand zone, which resulted in the breakout of the trendline. According to the price action, the MOG crypto price reflected a bullish look in the current train sessions.
Technical Levels
When writing, the immediate resistance for MOG was $0.00000080, and the $0.00000033 level was the next support. If the price exceeds the upper resistance, a short rise in price can be expected. Or, if the price slips below the mentioned support, it may fall to the lower levels.
Disclaimer
The views and opinions stated by the author or any people named in this article are for informational purposes only. They do not establish financial, investment, or any other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Dr. Naveen Singh is an entrepreneur with achievements in sports, academics, healthcare, innovation, blockchain technology, telecommunications, and philanthropy. He is the Co-Founder and Chief Executive Officer (CEO) of Inery, the first layer-1 blockchain programmed for database management. With Inery, he aligns with his vision of a new paradigm for data to empower web3 and complete decentralization.