- The Mog Coin price has advanced by 46000% from its all-time low.
- The coin’s sentiment looked bullish, as per the analysts.
Mog coin’s market fundamentals were strong at press time. Based on its market cap and volume, it scored 92.64/100 on CertiK Skynet.
A surge in the engagement of traders and investors was recorded in the coin. The traded volume value advanced by 74% in the last 24 hours. This resulted in a traded value of $46.46M, followed by a volume/market cap ratio of 6.37%.
Following the surge in the coin’s traded value, an advance of 7.5% in the market cap was also recorded. It showed a rise in the demand for the coin and a gain in the bulls’ strength.
Moreover, the coin had 27.7K holding addresses, and 83% of them were in profit, while 4% were at a loss. Also, the concentration of large holders in the coin was 67%, and only 4% of the addresses held it for more than 1 year.
When writing, the Mog Coin looked highly volatile, with price volatility of 15.21%. The coin’s market cap dominance was 0.03, making it the 95th largest cryptocurrency in the global crypto market.
Mog Coin Derivatives Data Analysis
Over the last 24 hours, no significant change has been recorded in the Mog Coin’s open interest.
The coin’s liquidation chart showed a sudden shift in the price trend as a huge number of shorts were liquidated in the last few days. Additionally, over the last 24 hours, shorts worth $11.80K were liquidated against the longs worth $683.14.
A surge of 75.9% in the coin’s derivatives traded volume was also recorded, resulting in a traded value of $708.53K in 24 hours.
MOG Coin Technical Chart Overview
On the daily chart of Mog Coin, a series of higher high swings have been observed, indicating a consistent upward trajectory in the coin’s price.
Recently, Mog Coin experienced a significant technical breakout, surpassing the upper boundary of a wedge pattern. This breakout was accompanied by a marked increase in trading volume and momentum, underscoring the bullish sentiment.
Despite this initial surge, the price failed to sustain the higher levels and subsequently declined back inside the pattern. This retreat suggested that the coin may face further consolidation while bullish momentum remains before another potential breakout.
MOG Coin Technical Indicators Analysis
Most technical indicators on multiple timeframes exhibited bullish behavior in the coin’s price.
MOG/USD Chart by TradingView.com
The MOG coin price received support at the 50-day EMA and advanced to higher levels. The 50-day and the 200-day EMAs traded in a golden crossover, which showed a strong bullish trend in the price at press time.
The MACD and the signal line traded in a bullish trajectory; conversely, both metrics traded in a death crossover. This exhibited neutrality in the price of the coin.
The RSI further crossed above the 14-day SMA on the daily chart. It also hit the overbought zone a few days ago. It showed a bullish cycle in the RSI and the coin’s price.
Mog Coin has surged 46,000% from its all-time low, demonstrating strong market fundamentals with a CertiK Skynet score of 92.64/100.
Despite recent volatility, technical indicators show bullish momentum, supported by a 50-day EMA and golden crossover, with high trading volume and a strong RSI signal.
The support levels for the MOG coin are $0.000000690 and $0.000001140, and the resistance levels are $0.00000250 and $0.0000030.
Disclaimer
This article is for informational purposes only and does not provide any 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.
