The MOG Coin is experiencing increasing volatility and is currently at a crucial crossroads. It has seen a 37% increase in the last 24 hours, reaching a market cap of $919 million. The coin is preparing for a breakout rally above $0.000002355, but is facing resistance and supply delays. The coin is exhibiting a cup-and-handle pattern on the daily chart and has struggled to sustain an uptrend above the resistance level of $0.000002355. However, a recent bullish engulfing candle and positive crossover in the MACD and Signal lines have increased the chances of a breakout. The coin has found support at the 78.60% Fibonacci retracement level and the 50-day SMA, indicating strong underlying demand. The 100-day and 200-day SMA lines are also nearing a positive crossover, suggesting a potential breakout rally. The key resistance level at $0.000002355 has led to previous bearish reversals, but recent increased volatility suggests a potential shift in trend. If the breakout rally occurs, Fibonacci levels indicate potential price targets at $0.0000032108 and $0.0000047622. Conversely, a bullish failure could result in a pullback to the $0.000001845 or the 78.60% Fibonacci level.



Other News from Today