Recently, Mog entered a pullback mode after breaking slightly to a new high. Locating support this week, the price is back in an upward range as it poises for a huge rally. The bulls are back in control.
Last week, Mog broke out to a new high of $0.000003 following a fresh buy from the $0.0000016 level. Unfortunately, the bears intercepted the surge, and the price dropped. Luckily for the bulls, the $0.000002 level provided support mid-week, and the price bounced back.
The daily chart shows that the price is on the verge of breaking higher. Although, the trading volatility is still low on a monthly scale compared to the recent surge amongst some major meme coins in the past few weeks. Things may change in the future when volatility turns out high.
But looking back from where the price rebounded at $0.0000007 in early September, Mog has recovered significantly, increasing by 3x to where it currently trades at $0.0000029. The bulls appeared back in control.
Currently, it is gathering liquidity on the weekly timeframe, and from the look of things, the price may explode anytime soon as the trend remains bullish on the mid-term scale.
MOG Key Level To Watch
Source: Tradingview
Aside from the $0.000003 level, there’s no major resistance on the way up. Breaking high, the next key level to watch for a test is $0.000004, followed by $0.000005 and $0.000006 in the future.
The $0.000002 level supports the last 48-hour surge. If the price falls below it, the next support level to consider for drops is $0.0000016, the current monthly low. Below this level lies the $0.00000125 level.
Key Resistance Levels: $0.000004, $0.000005, $0.000006
Key Support Levels: $0.000002, $0.0000016, $0.00000125
- Spot Price: $0.0000029
- Trend: Bullish
- Volatility: High
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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