DOGE (MOG) price rose 13%, challenging the resistance at $0.000001214

BeInCrypto has analysed two more meme coins that followed DOGE's lead, making them crucial tokens to watch.

Meme coins had a mixed day today as their total valuation fell by 4.7% to stand at $74.9 billion. However, one small-cap token, Department of Government Efficiency (DOGE), saw a massive gain of 66%.

As meme coins continue to be a hot topic in the crypto world, BeInCrypto has analyzed two more altcoins that followed DOGE’s lead, making them crucial tokens to watch.

Mog Coin (MOG)

MOG price rose 13% in the last 24 hours, as it challenged resistance at $0.000001214. This barrier has limited MOG’s upward movement throughout the week, keeping the meme coin in consolidation despite recent gains.

The broader market’s bullish momentum could support MOG as it nears the end of its Death Cross. A 50-day EMA crossing above the 200-day EMA would confirm positive momentum, aiding a break above $0.000001214 and pushing MOG toward $0.000001405.

However, selling pressure could derail MOG’s rise. If the meme coin fails to hold, it might drop to support at $0.000000939 or lower to $0.000000753, negating the bullish outlook and wiping out recent gains.

Ket (KET)

KET price surged 50% over nine days, reaching $0.43. This month-and-a-half uptrend helped the meme coin recover most of its February losses, signaling renewed investor confidence in its potential recovery.

To fully recover February’s losses, KET must rise to $0.50. Securing this resistance would confirm the continuation of the current uptrend.

However, failing to hold $0.42 as support could lead KET to drop to $0.34. Such a decline would erase recent gains and challenge the bullish outlook for the token.

Small Cap Corner – Department Of Government Efficiency (DOGE)

Heating up 66% in a day to reach $0.0392, DOGE became the best-performing meme coin. This rally helped recover losses experienced in March, signaling renewed investor interest and market momentum for DOGE.

New investors have boosted the meme coin’s community, with Holderscan reporting 33,657 total holders. Despite this, Nansen data shows that $453,000 worth of DOGE has been sold on exchanges in the last 24 hours, indicating mixed market signals for DOGE.

If bullish momentum holds, DOGE could rise to $0.0753 by securing $0.0416 support. Failure to maintain this level may trigger a drop to $0.0213, invalidating the bullish outlook.