Mog Coin Targets $0.00000340 After Testing Key Resistance

Mog Coin (MOG) is trading at $0.00000028309 in the last 24 hours with a price increase of 1.05%. Looking at its price action in the last periods we can see alternating green and red candles, indicating both buying and selling pressure.

Technical Indicators Show a Neutral Market

From the technical point of view, $MOG has now entered the neutral area according to many market signs.

The MACD line is currently at 0.0000000294 while the signal line is currently at 0.0000000465, thus suggesting mild bearish pressure. If the MACD line crosses over the signal line, there may be a reversal trend.

The RSI is currently at 49.80. This means that the market is not overbought or oversold, but is fairly balanced. The flat RSI means the buying pressure is weak. On the other hand, green candles may signify the bulls’ penetration.

MontBlanc Anticipates Breakout on Mog/WETH

Looking at the price chart from MontBlanc, Mog Coin trading against WETH on Uniswap shows it has a bullish signal with the current price of 0.2095 WETH. This trend was however followed by a phase of consolidation and setbacks within a range of close to 0.25 WETH and is now on an upward trajectory indicative of a renewed buying interest.

According to MontBlanc, this can increase momentum. It could drive the price back through the 0.25 WETH resistance level, which is a psychologically important level.

The price has fluctuated near 0.25 WETH multiple times, but it has not yet risen above it. MontBlanc pointed out the fact that the support level of 0.15 WETH has remained intact during other downward movements referencing strong buying pressure.

If the market continues to grow and surpasses the 0.25 WETH range, MontBlanc believes that Mog Coin will reach new record high prices.

Similarly, analyst Dr. Dinero predicts a potential breakout for MOG/USDT projected for late 2024 or early 2025. Dr. Dinero’s chart reveals that the price has been supported by an ascending trendline since March 2024. Each pullback is rebounding at this trendline, indicating the uptrend is intact.

There is also horizontal resistance at $0.00000210, which has been tested several times but has not yet been broken by MOG. Dr. Dinero expects a period of consolidation below this resistance before a breakout. Following the breakout, the price is expected to experience a bullish run with the target price above $0.00000340.

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