Jump into MOG price analysis after MOG Coin explodes +200% in less than two weeks; this comes as a cat meme coin trend in the crypto market.
Mog Coin was launched one year ago, July 2023, on Uniswap and it reached an ATH of $760m just 9 days ago. Mog has some of the best metrics recently seen for continuous upside and looks poised for that $1 billion market cap rally.
Continuing to show strength compared to other memes and altcoins.
Pack your bags breakout is happening as we speak. pic.twitter.com/TUnqabDdW3
— Greeny 🇦🇺 (@greeny_eth) July 9, 2024
Mog Coin Price Analysis: Support And Resistance Levels
(MOGUSDT)
First, we need to establish a support and resistance level. For Mog, the main support, where the price was retested several times, is $0.0000001249. Recent resistance remains relatively close at $0.00000001590.
Reclaiming this level could send the price toward its all-time high of around $0.00000002111.
A Closer Look at MOG’s Moving Average and RSI Indicators
(MOGMA)
Adding on the 100 moving average, which is the average price of the last 100 candles, we can see that it’s been a very good area to take a position on MOG. Every touch has yielded violent bounces, and it will be a good indicator for when MOG goes from a bullish to a bearish trend when the price finally will properly close below it.
By adding the RSI (Relative Strength Index), we see the neutral zone trying to bounce from the 50 level. RSI is considered oversold below 30 and overbought above 70.
If you look at the last two tops, they both occurred when price tried to go into overbought territory. Staying overbought for a prolonged period is super bullish. I’ve marked a level back in February where the price stayed overbought for a prolonged period and went up by a massive +700%.
So look out for a retest of 100 MA on the daily timeframe, for RSI to sustain being overbought, and lastly, for the $0.0000001590 level to turn into support. These three indicators can be your signal to take a position!
Pepe Unchained: More Than $2.8 Million In Presale For This New Layer-2 Blockchain
Pepe Unchained, Pepu, is a new project that combines a Pepe-themed meme with the Layer-2 blockchain technology. Layer-2 is an option for Layer-1 that typically has speed, cost, and scalability issues.
Base blockchain is an example of L-2 that has seen its success thanks to users’ use of it as a hub for creating meme coins.
Pepu, as a Layer-2, aims to be a faster and cheaper option than Ethereum. Not only will PEPU offer cheaper fees, but also the possibility to earn passively by staking PEPU tokens.
Power Up Notice!
Pepe is about to bring something big 🐸💪 pic.twitter.com/aBwy1zgBZM
— Pepe Unchained (@pepe_unchained) July 8, 2024
In this phase of Pepu’s presale the price is $0.0083258 per PEPU before the next increase.
Pepu’s team allocated 20% of the supply for the presale, 30% for the staking and a 10% for liquidity.
The presale raised more than $2.8 million and it seems that investor interest is not waning. Early Pepu holders can already stake their tokens and earn with a 655% APY.
EXPLORE: 10 Best Decentralized Crypto Wallets for 2024
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
