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The Mog Coin price has surged 10% in the last 24 hours to trade at $0.000001198 as of 5:50 a.m. EST on a 21% pump in trading volume to $24 million.
Mog Coin Price Bulls Poised For Bull Rally
The Mog Coin price technical landscape highlights key areas of interest for traders. At the heart of the analysis lies a well-defined support zone, which has repeatedly served as a safety net for the price.
This zone, marked in orange, represents a level where buyers have historically stepped in to prevent further prices from declining. This area has been tested multiple times, underscoring its significance in maintaining the market’s bullish sentiment.
MOGUSD Analysis Source: Dextools.io
Just above this support, the price is currently moving within what is identified as the reward zone. This region suggests an accumulation phase, where traders might anticipate an upward move.
A take-profit level indicated further reinforces this bullish outlook. This level aligns with a previous high, which likely serves as a potential resistance area where sellers might emerge, aiming to lock in profits.
The 50-day moving average, depicted as a blue line, is particularly interesting. The price currently trades below this average, which typically signals a bearish short-term trend.
However, the price’s proximity to this moving average suggests that a bullish crossover could be imminent should the price break above it.
In contrast, the 200-day moving average, shown in green, lies comfortably below the current price. This positioning indicates that, despite recent corrections, the long-term trend remains upward, supporting the overall bullish sentiment.
Mog Coin Price Technicals Signal Bull Rally Ahead
The Relative Strength Index (RSI) stands at 44.14. This level is within the neutral zone but skews towards being oversold, indicating that there is still room for a price increase if buying momentum picks up.
The MACD (Moving Average Convergence Divergence) adds another layer to this analysis. The MACD line is below the signal line, a typical bearish sign.
However, the histogram bars, which reflect the difference between the MACD and signal lines, show a decrease in negative momentum. This development suggests that the bearish pressure may wane, setting the stage for a potential bullish reversal.
The Mog Coin price is navigating a key support zone around $0.0000096. If the price remains above this zone and breaks above the 50-day moving average at $0.0000156, we could see the price moving towards $0.000023 as a mid-term target. This would mark a significant gain from the current levels.
For the mid to long-term outlook, the bullish momentum may push the price to reach the take-profit level of $0.000025, representing a strong recovery and continuation of the uptrend.
However, if the price fails to break above the 50-day moving average, it could slip below the support zone at around $0.0000096.
Base Dawgz Presale Nears $3 Million Mark – The Next Crypto To Explode?
As traders flock to buy MOG, new Base token Base Dawgz (DAWGZ) is closing in on the $3 million mark in presale.
According to crypto analyst and YouTuber ClayBro, with over 130K subscribers, DAWGZ could “create millionaires” once it goes live.
The project seeks to establish a distinct presence in the meme coin market by blending interactive community elements with attractive financial rewards.
Base Dawgz calls Base home but offers a unique multi-chain experience, working seamlessly across Ethereum, Solana, Binance Smart Chain, and Avalanche.
Base Dawgz features a staking system that offers holders a remarkable 806% annual percentage yield (APY). About 20% of the total token supply is set aside for staking rewards.
GM $DAWGZ and welcome to a new week!
We are so close to reaching $3M! Just a small push and we'll be there 🪂 pic.twitter.com/PS9UGfwhMb
— Base Dawgz (@BaseDawgz) August 19, 2024
Dawgz also includes a Share-to-Earn system that rewards the community with extra $DAWGZ tokens for creating and sharing content under the “Be Social for Airdrop” campaign.
Once the presale ends, you can exchange these points earned for $DAWGZ tokens.
If you’re interested in the presale, you can purchase DAWGZ tokens on its official website for $0.008173 each using ETH, USDT, BUSD, or USDC.
But buy before a price hike in less than 5 days to secure the best deal.
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