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The Mog Coin price surged 19% in the last 24 hours to trade at $0.000001712 as of 00:31 a.m. EST on trading volume that skyrocketed 103% to $25.2 million.
Mog Coin Price Aims For A Continued Rally
According to GeckoTerminal data, the Mog Coin price has been sustainedly bullish since mid-September, as the bulls capitalized on the $0.0000010 support.
However, the bulls seem to have found some resistance around $0.000001707, which has resulted in the price of Mog Coin trading within a sideways pattern on a consolidation phase.
The price action has broken out of a consolidation range and appears to be in a bullish trend.
MOG now trades above both the 50-day and 200-day Simple Moving Averages (SMAs), confirming the uptrend. The 50 MA’s crossover above the 200 MA (golden cross) occurred recently, currently at $0.000000990, which is a bullish signal and often precedes significant upward movement.
Moreover, the Relative Strength Index (RSI) is moving up at 68 and approaching the 70-overbought region, which is a sign of a bullish stance. The RSI being in the upper range suggests strong momentum, but caution is needed if it pushes into overbought levels, as a pullback could follow.
The Moving Average Convergence Divergence (MACD) is in positive territory, with the MACD line above the signal line, indicating bullish momentum. Meanwhile, the histogram is also positive, showing that buying pressure is increasing.
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