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Mog Coin price jumped 13% in the last 24 hours to trade at $0.0000009319 at 3:20 a.m. EST, on trading volume that jumped 26% to $47 million.
The pump comes amid a broader crypto rally driven by investor optimism that the Securities and Exchange Commission (SEC) could approve Ethereum spot ETFs (exchange-traded funds) as early as this month.
As an ERC-20 token on the Ethereum mainnet, MOG has seen positive gains. Following the news that ETH ETFs could be approved sooner rather than later, MOG rose as high as $0.00000130, before returning to the resistance level of $0.0000008110, which now acts as the breakout level. major support, according to data from GeckoTerminal watch.
Mog Coin Ready to Support Bullish Rally on Cup and Handle Pattern
Over the past month, MOG has moved from $0.0000008110 to the $0.0000004504 support level, and the bulls are looking to maintain the rally above this trend.
Leading indicators also point to bullish sentiment. MOG is currently trading above the 50-day and 200-day simple moving averages (SMA), both providing ample support at $0.0000006730 and $0.0000005884, respectively.
Additionally, the Relative Strength Index (RSI) is also trading in the overbought zone, currently trading around the overbought level of 70, currently at 68, indicating intense buying pressure.
The Moving Average Convergence Divergence (MACD) is also showing signs of a bullish crossover, with the blue MACD line crossing above the orange signal line. Additionally, the green bars on the histogram also form above the neutral line, which shows that MOG is currently on positive momentum.
Mog Coin Price Prediction
MOG coin price analysis on the 4-hour chart shows a bullish bias, with bulls aiming to maintain momentum on the cup and handle pattern.
MOG's main indicators, including the RSI, MACD, and the Golden Cross at $0.0000005661, encourage the bulls to continue pushing the price higher, as they target $0.00000122.
However, the RSI and MACD indicate that the asset is heavily overbought, which could signal an impending trend reversal and cause a retracement. In such a scenario, the bulls could pull back to the $0.0000006730 support, which coincides with the 50-day SMA.
Even as the price of MOG soars, some investors looking for tokens with similar upside potential are considering investing in the WienerAI presale. The token aims to leverage its AI capabilities to follow the footprints of its predecessors like SHIB and DOGE.
WienerAI Presale Tops $2.5 Million – Best Alternative to Buy Now?
WienerAI (WAI) combines two of the hottest niches in crypto: AI and meme coins.
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WAI's features add a unique level of utility not typically seen in gamified cryptos, as it also includes an advanced AI trading bot that provides investors with an intelligent, user-friendly on-chain assistant for improve their trading experience.
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The platform also has a transparent exchange protocol and MEV protection, all free.
WienerAI offers a staking functionAlso, which provides an annual percentage yield (APY) of 391%.
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– WienerAI (@WienerDogAI) May 11, 2024
According to Crypto Boy, a popular analyst and YouTuber with over 40,000 subscribers, WienerAI could be the next big thing with a potential 100X return.
The WienerAI pre-sale has already raised over $2.5 million in funding. If you want to add to this sum, you can purchase the token for $0.000709. But hurry, because the price will increase in less than 21 hours.
You can buy WAI tokens on the official website here using ETH, BNB, USDT or a bank card.
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- 10% OTC Discount – smogtoken.com
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