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The Mog Coin price has surged 76% in the past week and almost 10% in the last 24 hours to trade at $0.00000186 as of 6:30 a.m. EST on a 32% leap in trading volume to $61.85 million.
MOG was the top gainer for the week among the biggest 100 cryptos, with Kaspa (KAS) in second place and Dogwifhat (WIF) third, according to Crypto Bubbles.
Mog Coin Price Bull Encounter Resistance Despite The Strong Rally
The price of MOG indicates a rebound after a decline from its all-time high at $0.000002065. However, according to Geckoterminal data, the bulls have established a solid support zone at $0.0000008109, allowing them to regroup and drive a rally.
This rally has created upward momentum, pushing the price toward the resistance level.
MOGUSD Analysis (Source: Dextools.io)
The MOG price trading above the 50 and 200 simple moving averages (SMAs) confirms its bullish momentum. Additionally, the moving average cross at $0.0000006186 further supports the potential for upward movement, affirming the overall positive trend.
The Relative Strength Index (RSI) shows a gradual uptrend, rebounding quickly from near the 30 oversold level to 69, approaching the 70 overbought zone. With continued momentum, the RSI could soon enter the overbought territory.
Moreover, the MACD indicates an uptrend 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 on the Double Top Pattern
MOG price bulls are gearing up to push the price higher, aiming 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, there’s a strong possibility that bears might take advantage of the double-top pattern to drive the price down, signaling a bearish reversal. If this happens, the price could fall, forcing the bulls to retreat to the neckline support zone at $0.0000008109.
The Best P2E Meme Coin To Buy Today?
Meanwhile, the bullish sentiment around MOG is matched by the buzz that’s enveloping PlayDoge (PLAY), a meme coin that mixes the popular “Doge” meme with Play-to-Earn (P2E) gaming.
PlayDoge has quickly gained traction in its presale, with funds raised already closing on $5.3 million. The presale’s success underscores PlayDoge’s surging popularity, solidifying its position as one of the most talked about new meme coins.
#SHIB #crypto #cryptonews #VoiceLark
Sentiment: positive 🟩New Dog-Themed Meme Coin With P2E Elements PlayDoge Tops $5m In Parabolic ICOhttps://t.co/qkywtlBOya
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Summary: PlayDoge, a canine-themed meme coin, has successfully raised over $5 million in… pic.twitter.com/u9ELjZRYao— VOICE LARK (@voicelark) June 24, 2024
PlayDoge merges ’90s nostalgia with modern blockchain technology, letting users care for an 8-bit pixel Doge in a retro-style mobile game. Players can feed, play mini-games, go on adventurous quests, and bond with their virtual pet, earning $PLAY tokens for their efforts.
The team has plans to develop more projects to expand the token’s utility. Additionally, token holders can earn passively by staking $PLAY, which offers an impressive 116% annual percentage yield (APY).
Unlike Dogecoin, PlayDoge runs on the BNB Chain, a blockchain created by Binance, the world’s largest crypto exchange. That also means that PLAY is on the radar of the Binance listing team, making it more likely that the token launches on the world’s biggest crypto exchange.
Crypto analyst and YouTuber Jacob Bury predicts that $PLAY has the potential to surge 10X after its launch.
You can buy $PLAY tokens for $0.00514 each. If you are interested, don’t wait too long to secure the best deal because a price increase is due in less than two days.
Buy $PLAY on the official website here using BNB, USDT, or a bank card.
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