The Mog Coin Price Breaks A Major Resistance And Is Trying To Overcome Another Barrier

The Mog Coin price surged over 9% in the last 24 hours to trade at $0.000002051 as of 11:31 p.m. EST as investors go long on the meme coin.

The Mog Coin price surged over 9% in the last 24 hours to trade at $0.000002051 as of 11:31 p.m. EST as investors go long on the meme coin.

Top-performing cryptos in the last 24 hours (Source: CoinMarketCap)

Not only did the MOG price continue its bullish streak and push its performance in the past 7 days to more than 41% in the green, the meme coin also emerged as the best performer in the crypto market in the past day of trading.

The Mog Coin Price Breaks A Major Resistance And Is Trying To Overcome Another Barrier

4-hour chart for MOG/USD (Source: GeckoTerminal)

The Mog Coin price rose above the resistance level at $0.000001973 and is trying to overcome the next barrier at $0.000002149. However, sellers have started exerting pressure on MOG in the last few hours. This is evident by the wick present above the recent 4-hour candles.

If the Mog Coin price manages to clear the $0.000002149 barrier within the next 12 hours, the meme coin could clear space for its price to rise to $0.000002334 in the next 48 hours.

On the other hand, bears managing to prevent a 4-hour candle close higher than $0.000002149 for the next 12 hours could mark the end of MOG’s rally. Traders might begin to book their profits in this alternative scenario, which could put the Mog Coin price at risk of losing the recently-gained $0.000001973 support to potentially fall to as low as $0.000001815.

Technicals Suggest The Mog Coin Rally Might Continue

From a technical standpoint, indicators on the meme coin’s 4-hour chart suggest MOG’s rally has only just started. A major bullish technical flag is on the verge of being triggered by the Moving Average Convergence Divergence (MACD) indicator. Meanwhile, the Relative Strength Index (RSI) indicator shows that bulls recently gained control of the Mog Coin price.

In the last few hours, the MACD line has risen towards the MACD Signal line. Now, the two technical indicators are on the verge of crossing. An intersection between the MACD and MACD Signal line might indicate that the Mog Coin price has entered a positive trend, which could result in a continued increase in the short term.

Looking at the RSI, the indicator’s readings have steadily risen to above 50 in the last 24 hours. With the current value in the high 50s, it seems buyers have recently gained control of the Mog Coin price. The positive slope of the RSI suggests that bulls intend on maintaining their grip on the meme coin’s value for the next few hours as well.

As MOG tries to keep its bullish momentum alive, investors are flocking to meme coin rival Crypto All-Stars (STARS) for its huge staking rewards and potential parabolic gains after launch.

Giving Meme Coin Lovers The Chance To Grow Their Bags While They Sit On The Sidelines

Meme coins have been one of the best performing categories in the crypto market this year. In addition to the tsunami of new tokens that hit the market, many of these lighthearted altcoins achieved substantial gains for investors.

As the end of 2024 nears, the meme coin hype is still very much alive. However, the momentum displayed by these cryptos has started to cool off a bit. As a result, meme coin investors are now holding onto their tokens in anticipation of the next major rally.

While they wait, investors can utilize the innovative staking platform offered by Crypto All-Stars (STARS). Through its MemeVault offering, the project gives investors the ability to lock up a variety of popular meme coins for passive rewards.

Big-name tokens including DOGE, SHIB, PEPE COIN, FLOKI, BRETT, MOG, LADYS, TOSHI, COQ, BONK, and TURBO are already supported on the platform, and more options will be added in the coming weeks.

By staking their meme coins on the platform, investors will earn rewards that are paid out in STARS. These staking rewards can then be locked up as well for rare compounded returns. Anyone who stakes STARS now will unlock access to a 617% annual return.

With the incredible staking rewards up for grabs, it’s easy to see why YouTuber Austin Hilton told his 275K subscribers that STARS could soar 3 to 5X after launch.

A Booming ICO

Crypto All-Stars has already raised over $2.4 million through

The above is the detailed content of The Mog Coin Price Breaks A Major Resistance And Is Trying To Overcome Another Barrier. For more information, please follow other related articles on the PHP Chinese website!