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The Mog Coin price surged 13% in the last 24 hours to trade at $0.0000009319 as of 03:20 a.m. EST on trading volume that jumped 26% to $47 million.
The pump comes amid a broader crypto rally driven by investor optimism that the Securities and Exchange Commission (SEC) might approve spot Ethereum ETFs (exchange-traded funds) as early as this month.
As an ERC-20 token on the Ethereum mainnet, MOG has registered positive gains. Following news that ETH ETFs could be approved sooner rather than later, MOG soared to as high as $0.00000130, before retracing back to the $0.0000008110 resistance level, which is now acting as the major support level, data from GeckoTerminal shows.
Mog Coin Set To Sustain The Bullish Rally Over The Cup And Handle Pattern
Over the past month, MOG retraced from $0.0000008110 to the $0.0000004504 support level, and bulls are looking to maintain the rally above this pattern.
Major indicators also indicate a bullish sentiment. MOG currently trades above both the 50-day and 200-day Simple Moving Averages (SMAs), both providing enough support at $0.0000006730 and $0.0000005884, respectively.
Moreover, the Relative Strength Index (RSI) also trades within the overbought region, currently trading around the 70-overbought level, currently at 68, an indication of intense buying pressure.
The Moving Average Convergence Divergence (MACD) also shows signs of a bullish crossover, with the blue MACD line crossing above the orange signal line. Additionally, the green bars on the histogram also form above the neutral line, which shows that MOG is currently on a positive momentum.
Mog Coin Price Prediction
The MOG coin price analysis on the 4-hour chart shows a bullish bias, with the bulls aiming to sustain its momentum over the cup and handle pattern.
MOG’s main indicators, including the RSI, MACD, and the golden cross at $0.0000005661, act as encouragement for the bulls to keep pushing the price up, as they aim for $0.00000122.
However, the RSI and MACD indicate that the asset is highly overbought, which could signal an incoming trend reversal to prompt a retrace. In such a scenario, the bulls could retreat to the $0.0000006730 support, which coincides with the 50-day SMA.
Even as the MOG price soars, some investors looking for tokens with similar upside potential are mulling investing in the WienerAI presale. The token aims to leverage its AI capabilities to follow in the paw prints of predecessors like SHIB and DOGE.
WienerAI Presale Hurtles Past $2.5 Million – Best Alternative To Buy Now?
WienerAI (WAI) combines two of the hottest niches in crypto: AI and meme coins.
Don't be left out in the cold.
GET IT WHILE IT'S HOT
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— WienerAI (@WienerDogAI) May 8, 2024
WAI’s features add a unique level of utility not typically seen in playful meme coin cryptos because it also features an advanced AI trading bot that provides investors with a smart, user-friendly on-chain assistant to enhance their trading experience.
WienerAI is more than a trading bot
It's your AI trading companion!
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— WienerAI (@WienerDogAI) May 14, 2024
The platform also has a seamless swap protocol and MEV protection, all of which are free.
WienerAI offers a staking function, too, that provides an annual percentage yield (APY) of 391%.
CONGRATS!
WEENIES ARE BEING STAKED AND STACKED AT RECORD SPEED!
Get yours here: https://t.co/k7IFimoTWr
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— WienerAI (@WienerDogAI) May 11, 2024
According to Crypto Boy, a popular analyst and YouTuber with more than 40k subscribers, WienerAI could be the next big thing with a potential 100X return.
The WienerAI presale has already raised over $2.5 million in funding. If you are interested in adding to that sum, you can buy the token for $0.000709. But hurry, as the price will increase in less than 21 hours.
You can buy WAI tokens on the official website here using ETH, BNB, USDT, or a bank card.
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