Mog and a few meme coins have joined the latest surge in volatility as Bitcoin has exploded massively in the past hours. It currently appears bullish following a notable rally to a three-month high.
Ending last month on a strong note, Mog took a short break in the recovery as it entered this month on a pullback mode. This led to a substantial price reduction, but it later found support above $0.0000053 and remained indecisive.
This week, things changed as trading volatility enhanced and the price went up again, resuming the recovery at full speed. Flipping through the previous monthly resistance level, it now looks strongly bullish while tapping the key $0.000001 level on the daily chart.
Although the mentioned key level is posing a little threat on the lower timeframe. A bigger surge above this level could fuel a more rallies.
Negative sentiments may have faded, but it is important to note that the price is still within the bears’ territory on the short-term scale. While the crypto is yet to get out of the woods, it must reclaim its last December high before confirming a trend reversal. In the opposite direction, April low is considered a key breakdown level for a mid-term bearish expansion.
MOG Key Level To Watch
Now that Mog is back on a buying spree, we can expect more growth in the coming days. If it manages to close above the $0.00000113 and $0.000001455 levels by the end of this week, the next target resistance level would be $0.0000021.
The broken $0.00000075 level is now considered support for a pullback. If the price pulls below this level, $0.000000532 and $0.0000004 are lower support levels to watch for more dips.
Key Resistance Levels: $0.00000113, $0.000001455, $0.0000021
Key Support Levels: $0.00000075, $0.000000532, $0.0000004
- Spot Price: $0.000001
- Trend: Bullish
- Volatility: High
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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