Mog Coin (MOG) Price Analysis

Mog Coin has shown impressive strength across various timeframes, with a 17% gain over the past week and a remarkable 133% surge throughout the last month.

Mog Coin price analysis shows strength across timeframes but faces a crucial test at a key support level as a slight pullback stalls the bullish momentum.

Mog Coin price has shown impressive strength across various timeframes, with a 17% gain over the past week and a remarkable 133% surge throughout the last month.

However, despite this strong uptrend, the token experienced a slight pullback of 9.68% within 24 hours. While this setback might seem noteworthy, it does not diminish the overall bullish momentum. Instead, it presents a crucial test of a key support zone that will shape the immediate direction of Mog Coin price.

Mog Coin: Key Takeaways

Mog Coin price faces immediate support at $0.00000112, with further support at $0.00000105 if the first level breaks.

A breakout above $0.00000130 could continue the bullish trend, while a decisive break below $0.00000105 might shift the balance.

Volume trends suggest more profit-taking than selling pressure, supporting the bullish case.

Mog Coin Price Analysis: Chart Pointing Up Despite Slight Setback

Mog Coin price experienced a slight pullback of 9.68% within 24 hours, currently trading at $0.000001184. This setback occurred after a sharp rally from May 18 to May 20 saw Mog Coin price build a strong support zone between $0.000000999 and $0.00000105, signaling a period of accumulation.

Following this, a decisive rally pushed the price up to $0.000001399, highlighting strong buying interest as Mog Coin price nearly tripled within two days. However, after hitting that local top, the price pulled back to the $0.00000115-$0.00000120 range, creating a higher low while staying above the wedge’s key support line.

This wedge pattern, typically considered bearish, might be viewed more bullishly due to the strong underlying support and market sentiment.

The wedge is narrowing, signaling that a breakout—up or down—is close. A breakout above $0.00000130, especially with strong volume, would invalidate the typical bearish outlook of the wedge pattern and suggest a continuation of the bullish trend.

On the downside, breaking below the support at $0.00000112 might bring the next support zone at $0.00000105 into focus. This level is crucial as a decisive break below it could shift the balance in favor of more downside.

Volume Trends Suggest Consolidation Rather Than Reversal

Looking at the volume trends, there was more profit-taking interest than selling pressure, which is evident in the lower trading volume during the recent pullback.

This suggests that Mog Coin price faced selling interest around the $0.00000130-$0.00000140 zone, initiating a healthy correction.

Moreover, if Mog Coin manages to stay above the ascending trendline—currently around $0.00000112 to $0.00000115—there is potential for a 25% bounce aiming for the $0.00000130-$0.00000140 resistance zone.

However, if sellers manage to push through the support at $0.00000112, the next logical support level comes into play at $0.00000105. A decisive break below this level would be bearish and could open the door for further downside towards the $0.000000999-$0.00000105 support zone, which includes the Fib 0.618 retracement level.

Mog Coin Price Analysis: Key Levels to Watch

* Fib 0.618: $0.000000999

* Support 1: $0.00000105

* Support 2: $0.00000112

* Fib 0.5: $0.00000115

* Pivot Point: $0.000001184

* Resistance 1: $0.00000129

* Fib 0.382: $0.00000130

* Resistance 2: $0.0000014

Mog Coin: A Popular Meme Coin Among Investors