Mog Coin (MOG), Hyperliquid (HYPE), and Bitget Token (BGB) Extend Gains

The broader cryptocurrency market consolidates on Friday, extending a broadly stable trend after a nearly two-week rally, led by Bitcoin (BTC) and supported by heightened

The broader cryptocurrency market is consolidating on Friday, extending a broadly stable trend after a nearly two-week rally, led by Bitcoin (BTC) and supported by heightened risk-on sentiment amid easing trade tensions between the United States (US) and China.

However, select altcoins among the top 200 cryptocurrencies are extending their gains on Friday, seemingly unbothered by the cooldown in the market. Among the movers, Mog Coin (MOG) price is holding critical support after a recent rally, presenting a technical outlook. Next, Hyperliquid (HYPE) is on the verge of breaking a key resistance.

Also, Bitget Token (BGB) shows upside potential as technical indicators show bullish signals.

Mog Coin bulls defend critical support

Mog Coin price is defended buyers at $0.000001, the lower boundary of a crucial support zone, which also includes the 200-day Exponential Moving Average (EMA) at $0.0000009.

MOG is trading at $0.0000011 at the time of writing, up over 6% on the day. A daily close above the 200-day EMA would be crucial for traders to maintain bullish interest and potentially seek further exposure to new highs.

Mog Coin technical analysis

Mog Coin price is rebounded from the short-term support at $0.000001, and the Relative Strength Index (RSI) at 67.44 shows signs of a reversal into the overbought territory above 70.

While such a move signals a strong uptrend, it also highlights potential risks due to overbought conditions, often a precursor to pullbacks.

Traders should be prepared for a potential drawdown, likely to target the 100-day EMA at $0.0000008 and the 50-day EMA at $0.0000007.

Hyperliquid is on the verge of breaking key resistance

Hyperliquid's surge from the tariff-triggered crash on April 7 is still intact as it exchanges hands at $26.68.

It has breached several crucial supply zones, including the five months descending trendline resistance, the former 50-day Exponential Moving Average (EMA) hurdle around $16.00 (marked red on the chart) and the seller congestion at $20.00.

The tailwind on HYPE appears to be holding up, with the MACD indicator lifting higher above the mean line, while sustaining a buy signal. A buy signal occurs when the MACD line (blue) crosses above the signal line (red).

HYPE/USDT daily chart

The RSI indicator at 72.99 is still in the overbought area but is showing signs of recovery after pulling back from a peak around 80 on May 10.

Its upward movement signals a strong rally, but it also indicates potential risks as extremely overbought conditions could lead to a sudden trend reversal.

Therefore, traders might want to watch Hyperliquid's price behaviour around short-term resistance to ascertain the strength of the uptrend towards $30.00 and prepare for the possibility of a sudden pullback.

Technical indicators back Bitget Token's upside potential

Bitget Token price is gaining bullish momentum on Friday, climbing nearly 3% to hover around $5.00 at the time of writing.

BGB trades above the key moving averages, including a confluence of support at approximately $4.58, established by the 50-day and 100-day EMAs.

From the structure and the MACD and RSI indicators, the path of least resistance appears to be upwards. The MACD indicator shows a buy signal and green histograms, positioned above the mean line on the daily chart.

On the other hand, the RSI indicator is approaching the overbought territory after reversing the trend at 58.29, which implies that buyers have the upper hand, and a breakout above the descending trendline seems imminent in the short term.

BGB/USDT daily chart

As traders seek exposure to Bitget Token, they must also prepare for a potential trend reversal, especially if the token fails to break above the trendline resistance. Key levels to monitor on the downside include the confluence support at $4.58 and the 200-day EMA at $4.14.