Most Base projects have been on the bulls’ radar over the past 48 hours, with Mog posting roughly 40% gains in the past week. It currently looks set for another leg up following yesterday’s breakout.
After advancing bullishly earlier this month, Mog cooled off and took a little break following a pullback into the $0.00000095 level last week.
This level produced support and it closed that week well above the $0.000001 level due to an increased volatility. Staying relatively calm in the first two days of this week, it initiated another surge and increased consistently until the price broke to a new multi-month high yesterday.
Unfortunately, it faced resistance under the $0.0000015 level and the pressure cooled off. Now, things are looking dicey as it remains calm on the day due to lack of interest from the bulls’ side. Although the crypto still appears strong weekly but buying volume seems low at the moment.
Multiple rejections under the mentioned level could result in a slight pullback or even a consolidation before advancing bullishly. As seen on the daily chart, Mog’s bullish move is maintained with a higher high and higher low pattern. If this pattern gets invalidated with a drop below the previous low, we may see a negative change in the trading landscape.
MOG Key Level To Watch
While facing resistance at $0.000001455, a break above this price level could shoot the price straight to the next resistance level of $0.0000021 and potentially $0.0000027 in the near term.
Right now, the $0.00000095 level is held as support. If this support level breaks, invalidating the bullish move, the $0.00000075 and $0.00000053 are the next levels to watch for support.
Key Resistance Levels: $0.000001455, $0.0000021, $0.0000027
Key Support Levels: $0.00000095, $0.00000075, $0.000000532
- Spot Price: $0.00000136
- 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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