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- MOG coin price has surged by 28% in less than 2 days.
- The RSI is about to trigger a golden crossover with the RSI-based moving average.
- The MOG price has gained 38764% from its all-time high.
The MOG price has witnessed a massive surge of 4190.88% YTD, and buyers are still strong in July. The Mog coin price has risen by forming higher highs and higher lows. It has recorded an all-time high of $0.00000209 on July 01.
According to the chart structure, the price has surpassed the last swing high at every pullback. The MOG price generated a pullback and headed for the last swing high.
Outstanding Performance
Mog coin price has performed extraordinaryly since its launch date. It has surged by 52.80% in a month and 2959% in the past 6 months. It has jumped by 4190% YTD and 12692% in a year.
Double-bottom and Bullish Divergence in MOG Crypto
In a 4-H time frame, the Mog coin price has formed a double-bottom pattern on 200-day EMA. It has gained bullish momentum after forming a double-bottom pattern. The price has formed a bullish candle of 11% at press time, clearing the trend.
It is expected to record a new all-time high during this bullish momentum. At the same time, the RSI has generated a bullish divergence, which is a sign of bullish momentum.
Technical Analysis of Mog Coin on 1-D Timeframe
Mog coin was traded at $0.00000177 at press time, gaining 17.90% in the past 24 hours. The market capitalization was $601.46 Million, and the 24-hour trading volume was $32.65 Million.
On a daily time frame, the digital asset price triggered a pullback and headed for a new all-time high. It has gained 55% in the past 3 days, showcasing the bulls’ strength.
Suppose the running candlestick on July 10 closes over the 20-day EMA, it may attract buyers on a pullback. Accumulation of buyers may lift the price to an all-time high.
On the other hand, buyers might panic if the price fails to sustain over the 20-day EMA. Assuming the MOG price starts trading below the 200-day EMA, most investors might prefer to book profit. Profit booking may lead to strong selling pressure.
All-time High Soon or Profit Booking?
Based on the recent surge in MOG price, the ongoing bullish momentum, and the technical indicators, such as the RSI and moving averages, it seemed likely that the price would continue to head towards a new all-time high. The strong performance of the MOG coin over the past few months and the significant gains it has achieved suggest a positive outlook for the cryptocurrency.
Technical Levels
When writing, the Mog coin price was about to take support at the $0.00000130 and $0.000000750 levels. It may face resistance from the $0.00000200 and an imaginary resistance of the $0.00000250 mark.
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
