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- 1 Its liquidity appears to be good as well, with 85.68% coins of MOG in circulation out of the total 420.69 Trillion.
- 2 Volatility went up from 0.052 to 0.212, suggesting possible corrections lay ahead.
- 3 The price has taken strong support from the dynamic support bands of 50-day and 200-day EMAs.
The internet’s first culture coin, MOG, unleashed its power on the daily chart. According to an analyst, Palis, the whole market is down, and MOG crypto struck new highs after surpassing the supply zone.
Whole market down bad and mog is hitting ATHs on ATHs
— ⟠Palis⟠🐍 (@palis) June 27, 2024
This is the entire history of $MOG on the weekly
There’s no better looking chart on any chain over $500M FDV. None. This is #1 pic.twitter.com/7OeB5Xx3W3
In the past 24 hours, MOG coin (MOG) has surged 25.83%, which has traded at $0.000001759. The 105th-ranked MOG crypto has a $634.28 Million, and its volume surged 118.25%, amounting to $79.169 Million. Its liquidity appears to be good as well, with 85.68% coins of MOG in circulation out of the total 420.69 Trillion.
MOG Coin (MOG) Price Structure on the Daily Chart!
MOG highlights a seamless uptrend after the consolidation period that ended mid-February 2024. Thereafter, MOG went into an upward parallel channel on the daily chart perfectly.
The first time the price touched the upper boundary was around March 7th, 2024, then after plummeting, the price touched the lower boundary of the wedge by April 13th.
Thereon, MOG accumulated between April 13th to May 13th, 2024, and after that, the price of MOG spiked again from the lower boundary to the upper boundary by May 29th. After a successful two-time ATH peak, the price slumped from May 29th to June 18th, which was the lower boundary of the wedge.
The recent surge showed the price propelling from June 18th to the upper boundary of the wedge, which created a third ATH peak.
Therefore, the sustenance of this peak could stretch its gains towards higher levels. However, if MOG fails to sustain, then the price could retract from the upper boundary to the lower boundary, as well.
MOG Price Technical Indicators Outlook!
The price has taken strong support from the dynamic support bands of 50-day and 200-day EMAs.
Indicators Of MOG | Source: TradingView
Meanwhile, the MACD shows a strong bullish crossover, in the resonance created by the price that touched the new ATH level on the daily chart. RSI flashed at 65.43, which appears that there still remains a possibility for price advancement, as RSI has not yet crossed the overbought level of 70.
Volatility Chart Analysis Of MOG Coin
This chart exhibits the contrast between volatility and MOG price movement. MogCoin crypto has witnessed tremendous growth in recent sessions, touching ATH on the daily chart, and the volatility (1W) has advanced much as well, illustrating less stability in the price.
MOG Price Vs volatility (1W) | Source: TradingView
Volatility increased from 0.052 to 0.212, which looks like a massive inclination in the volatility graph. It predicts that sellers might get active and after the ascent, a price correction or pullback might be possible.
Summary
MOG, the first culture coin on the internet, is making waves in the market. Analysts note a downward trend in the market, except for MOG which is hitting new highs.
In the past 24 hours, MOG surged by 25.83% to $0.000001759, with a market cap of $634.28 Million. Price movements show an upward trend with potential for higher gains, supported by strong technical indicators like MACD and RSI. Volatility has increased, suggesting possible corrections ahead.
Disclaimer
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.
Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
