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The Mog Coin price has slumped 16% in the last 24 hours to trade at $0.000001363 as of 7 a.m. EST on a 4% drop in trading volume to $36 million.
The plunge made MOG the biggest loser among the largest 100 tokens by market capitalization, according to CoinMarkeCap.
Mog Coin Price Faces Resistance Despite Strong Rally
The MOG Coin price indicates a rebounding from the resistance level at $0.000002063, forming a double top pattern that traders often see as a signal for bearish reversal moves.
However, the bulls have established a strong support zone at $0.0000008109, allowing them to regroup and launch a rally. This rally has created upward momentum, pushing the price back toward the current resistance level.
MOGUSD Analysis (Source: Dextools.io)
The MOG price is still trading above the 50 and 200 simple moving averages (SMAs), confirming its bullish momentum as long as the 50 SMA remains strong. Additionally, the moving average crossover at $0.0000006186 further supports the potential for upward movement, affirming the overall positive trend.
The Relative Strength Index (RSI) shows a bearish trend, falling from the 70 overbought zone toward the 50 midline. If the midline remains strong, the RSI could quickly rebound back to the 70 overbought region. However, if the bears continue to push the downtrend, the RSI could drop to the 30 oversold level.
Additionally, the MACD indicates a downtrend from below the neutral level, with the blue average line crossing above the orange signal line, signaling strong buying pressure for MOG. The histogram bars have also turned green and are positioned above the neutral line, reinforcing the overall bullish sentiment.
Mog Coin Price May Decline To The Neckline Support
MOG Coinprice bulls may get a chance to drive the price up on the 50 SMA, which acts as immediate support. In such a scenario, bulls may aim for a new peak above the resistance level. If they keep up their momentum, they could drive the price to $0.000002590 in the coming weeks.
However, bears might take advantage and push the price below the 50 SMA to the neckline support at $0.0000008109. A further downturn could see the price fall, forcing the bulls to retreat to the below-neckline support zone.
Pepe Unchained ($PEPU) Presale Blasts Past $2.1 Million
Meanwhile, as traders await favourable entry positions for the Mog Coin price, the new meme coin Pepe Unchained ($PEPU) continues to attract more buyers through its presale, which has blasted past $2.1 million in funds raised.
$2M raised in record time! 🎉💸
Pepe's blockchain is on fire. Thank you for the incredible support! Get ready for even more exciting developments 🐸🚀 pic.twitter.com/yQcveiQO1X
— Pepe Unchained (@pepe_unchained) July 2, 2024
The project distinguishes itself from other meme coins with its native Layer 2 network, offering unparalleled speed, scalability, and much lower fees. The platform aims to achieve transaction speeds 100 times faster than most meme coins on Ethereum.
Besides its improved transaction capabilities, Pepe Unchained’s Layer 2 chain will also include its own explorer.
Who’s ready for the next stage of Pepe’s adventure? 🚀
A new dimension of Pepe has been unlocked! Join Pepe's Layer 2 now and experience the future. 🐸🧠 pic.twitter.com/8NGeDIdXUg
— Pepe Unchained (@pepe_unchained) June 26, 2024
Beyond its speculative appeal, the team behind Pepe Unchained rewards early buyers generously. Participants in the current presale can purchase the meme coin and take advantage of an enticing staking opportunity with a 2,017% Annual Percentage Yield.
Crypto YouTuber Jacob Bury says Pepe Unchained could be the next 10x PEPE derivative.
PEPU tokens are currently priced at $0.0082267. Interested investors should buy soon because a price increase is coming in a fraction more than a day.
Buy PEPU tokens here using ETH, USDT, BNB, or a bank card.
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