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Will Mog Coin Continue To Rally, Or Its Gains Can Fade Away Soon?

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The Mog coin price chart shows an intense battle between bulls and bears. The price reached at an all-time high at $0.000001650, where the candle gave closing at $0.000001500 by May 27th, 2024, after breaking out from a falling wedge pattern.

At press time, the price has traded at $0.00000140 with an intraday decline of -7.50%, with a declined market capitalization of $557.61 Million by -7.56%. The trading volume of the last 24-hours has also declined by -10.86%, which stands near $71.205 Million.

Does Mog Coin Breakout About to Fade?

The recent price structure has shown remarkable gains, in the past few sessions. This week the price performed with almost 80% gains, and this month, by almost 115% of gains, over the daily chart.

The EMAs are positive as the price has been above the 50-day and 200-day EMAs after a breakout. However, the MOG crypto displayed a sign of weakness as the price plunged from a key supply level of around $0.000001500 on the chart.

The MOG crypto appears close to a huge drop, if MOG fails to sustain above the $0.000001300 support level, the wind would turn the game in bears’ favor, and the bears could initiate their control.

Similarly, oscillators in the MOG asset have been showing bearish signs, as the RSI flashed at 69.21, which has been declining from the overbought territory of 70, indicating that the MOG asset could go lower.

Therefore, if the MOG crypto price breakout fades and it fails to stay above the nearest crucial support level, it could decline further and reach depths.

However, if demand for the asset remains high, then the MOG asset price could continue rallying upwards from the current level. The next target for the price could be to reach $0.000002000.

MOG Coin Volatility Has Increased: Could the MOG Price Plunge?

Mog crypto has shown a massive spike in volume, as volume has sharply increased from $4.0 Million to $71.65 Million. Since then, the volatility has increased along with the price, indicating instability in the price at the supply level.

Additionally, the MOG cryptocurrency appears to be facing resistance from supply level. It suggests that despite significant buying pressure, seller’s are gradually gaining strength, and the bears may dominate the price to deteriorate.

Summary

At present, the price has traded at $0.00000140 with a significant intraday decline. The recent price structure has shown remarkable gains, with the price performing with almost 80% gains this week and almost 115% gains this month. The EMAs are positive, but the MOG crypto displayed a sign of weakness as the price plunged from a key supply level.

Furthermore, the MOG asset could face a significant drop if it fails to sustain above a crucial support level. Oscillators have been showing bearish signs, indicating a potential decline. Likewise, the Mog crypto has shown a massive spike in volume, and the asset appears to be facing resistance from the supply level, suggesting that sellers may dominate the price.

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