MOG Coin Price Prediction: New ATH Imminent?

MOG crypto price prediction depicted a bullish chart structure. The token has approached the key resistance area of $0.0000002300.

The price of MOG coin has seen a significant upsurge in light of the US elections this week. It registered an increase of over 35% and approached a breakout point.

The token formed a cup and handle pattern, which is typically viewed as a bullish formation. The horizontal neckline of the pattern was situated around $0.0000002350, serving as a resistance zone. MOG coin traded above the key moving averages and encountered strong demand in the past few trading sessions.

The rising speculation among market participants fueled the bullish upsurge. MOG crypto’s current price was 8.75% away from its all-time high (ATH) of $0.0000002445.

MOG Price Prediction: New ATH Imminent?

A bullish chart structure was depicted in the MOG price prediction. The token approached the key resistance zone of $0.0000002300. It poised itself for a breakout to reach the ATH trajectory.

Since last month, the memecoin has been trading under the bullish bias and continued to deliver an outperformance. In the past 45 days, the memecoin surged over 65%.

In a recent tweet, Planfomo stated that MOG crypto was nearing a potential breakout from an ascending triangle pattern. The token faced strong resistance, but a breakout and retest could lead to a strong momentum around $0.0000002430.

$MOG (1000000MOG) high probability to break out this potential ascending triangle pattern. Facing strong resistance, but we can see strong momentum after a breakout and retest around $2.4320. pic.twitter.com/NMEc8ZDT7B

Similarly, NFTWizart, in his tweet, highlighted that MOG crypto had formed a cup and handle pattern, which might trigger a massive upsurge soon.

As per the Fibonacci retracement levels, MOG coin price remained above 61.8%. It rested at the upper Bollinger band.

MOG coin was trading at $0.0000002309 at press time. The price was up over 11.20% intraday. It ranked 78th among the top crypto coins. The trading volume rose 23%. Also, the market cap surged to $901.25 Million over the past 24 hours.

MOG Coin Technical Analysis

The daily timeframe analysis of MOG coin indicated a breakout on the horizon. The Relative Strength Index (RSI) curve highlighted bullish momentum. It stayed in the overbought zone 64 at press time.

The Chaikin Money Flow Index (CMF) indicated a bullish outlook; the positive reading conveyed a liquidity surge in the market. Additionally, the rising On-Balance Volume (OBV) represents buyer accumulation.

The bullish trend was intact, and higher high formation was noted. A daily close above $0.0000002350 would permit the bulls to reach the ATH mark ahead.

The buyers have maintained their upper hand and gained traction. If the MOG price faces rejection from $0.0000002350 levels, it may return to $0.0000002200 shortly.

The Futures Market data revealed a significant demand for long contracts. This happened as the OI-weighted funding rate stayed positive at around 0.0521%.

Also, the Open Interest (OI) surged over 3.20% to $690.6k. That represented long buildup activity over the past 24 hours.

The immediate support zones for the MOG coin price were $0.0000002200 and $0.0000002100. On the other hand, the resistance levels were $0.0000002390 and $0.0000002450.

In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.

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