The chart of MOG coin indicates that bulls and bears competed in a close fight to capture the first hand position. After breaking out of a falling wedge pattern, the price reached an all-time high of $0.000001650, and the candle closed at $0.000001500 on May 27, 2024.
At the time of writing, the price was $0.00000140, with a -7.50% intraday decline and a -7.56% decrease in market capitalization to $557.61 million. The 24-hour trading volume has also decreased by -10.86%, too close to $71.205 million.
Newcomers often don’t know which cryptocurrencies to invest in so we want to help by addressing the question:
Is MOG Coin Breakout About to Fade?
The recent price structure has indicated a capacity of gain in the price structure in the preceding few sessions. This week it made almost 80% of the gain over the daily chart and this month, it has made almost the 115% the gain it needed over the daily chart.
The trend indicator refers to the EMAs is positive because the price has been located above the 50-day and 200-day EMAs after a breakout. Though, the MOG coin (cryptocurrency) initially showed some signs of vulnerability as the price dropped from a supply level of approximately $0.0001500 on the chart.
It also suggests the MOG cryptocurrency is expecting a massive fall, if it cannot hold above $0. 000001300 support level would make the wind turn the game in the bears’ favors and the bears could start the onset of their control.
In the same measure, oscillators in the MOG asset have been exhibiting bearish signals, with the RSI glittering at 69. 21, which has been coming down from the overbought level of 70 implying that the MOG asset could fall further.
Consequently, when the MOG cryptocurrency price breakout has been exhausted and the price cannot sustain a value above the nearest significant support level, it is likely to fall to depths.
However, the MOG asset price may continue to rise from its current level if there is continued strong demand for the asset. This leads to the next choice point for the price: $0.000002000.
Is MOG Coin Breakout About to Fade?
MOG Coin Volatility Has Increased: Could the MOG Price Drop?
MOG cryptocurrency has presented a significantly high rise in the volume gone up from $4.0 million to $71.65 million. Since then, the volatility has risen, and it occurs with the price, hence making instability at the supply level.
Also, it has been seen that at supply level the MOG cryptocurrency may be encountering some amount of resistance. It indicates that sellers are gradually gaining strength despite significant buying pressure, and that bears may dominate the price to decline.
MOG Coin Volatility Has Increased: Could the MOG Price Drop?
Summary
At present, the level of the price is traded at $0.00000140 a noteworthy intraday decline. The recent price structure has shown improvements where the price is currently trading at nearly 80% up of the week and 115% up of the month. All the EMAs are positive while the MOG cryptocurrency was recently weakened by a critical downfall as the price dropped from the supply level.
Additionally, if the MOG asset cannot maintain its value above a vital support level then the asset’s potential losses can be steep. Bearish signs have been showing by Oscillators that indicates a potential decline. Similarly, there has been tremendous activity on the MOG cryptocurrency ’s volume, and the given asset seems to be resistance from the supply level that indicates that sellers are in control of the price.
