MOG Explodes 40% In 2 Days – What Can We Expect? And Check Out This Presale

Cat coin narrative has been the leading narrative recently – surpassing coins like Pepe and Shiba Inu – and Popcat has been spoken about majorly, but MOG Coin’s price is a better performer!

Last week, we wrote a piece about how strong MOG’s performance recently has been, and over the last few days, it has broken out violently, making a new all-time high. But it’s just entering its most crucial days now as there are several indicators for caution coming up. We recommend reading the previous article as some terms and levels used in this article will have been explained in the other one.

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Price Analysis MOG: Support and Resistances

Last time, when we drew up the support and resistances, we noted that $0.00000001590 should act as resistance, which it also did this time. We can see that it spent a few days to fully flip the level, and it has now fully broken out by massively going up almost 40% over the last 2 days.

As the price has reached a new all-time high, we can’t draw a new resistance, but it would make sense to retest the previous all-time high close just a little further down.

Looking into the Moving Averages on MOG

Easy to note when looking at the moving averages on MOG. Not much has changed – as we’re using the 100-day moving average – it takes quite a while for it to move.

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What we can note from it is that it’s slowly going up and it’s a magnet for the price to pull back to. So in case we notice that MOG looks like it’s topping out short term, that’s a good place to place your bets on a new entry!

Will the Relative Strength Index Give Us Insight into What’s Next?

(MOG-USDT – Relative Strength Index)

Looking at RSI is where it becomes interesting. First of all, MOG has become overbought, meaning it’s reaching an area where you will normally start to be cautious. Secondly, as you can see on the 2 drawn arrows on RSI, the last 2 times MOG Coin’s price has topped, it has come after failing to stay overbought for longer.

So basically, an asset’s strength can also be determined by its ability to stay overbought for longer. And it’s a common misconception that it has to dump once it reaches over 70 RSI as, in fact, it’s hyper-bullish when it can remain overbought.

Big days ahead of another catcoin in $MOG.

Notice on RSI how everytime it has attempted to stay overbought it has dumped?

With cat coin narrative being strong, I think today will be the day to break this curse. pic.twitter.com/u8fl4njdI8

— VikingXBT (@VikingXBT) July 16, 2024

So our conclusion to the analysis will be that MOG looks super bullish and is one of the best performers recently, even compared to Popcat. RSI being overbought and the MA being a lot lower than the MOG Coin price, it could make sense to take a few days to cool off. There are no signs that show us it would be in our interest to sell at all yet.

Pepe Unchained’s Presale Hits $3.7 Million: A New Layer-2 Is Here

Pepe Unchained ($PEPU) is a new Layer-2 blockchain inspired by the Pepe meme: as L-2, PEPU aims to offer significantly reduced transaction fees and speeds up to 100 times faster than ETH.

In this phase of PEPU’s presale, the price is $0.0084598 per PEPU before the next increase. Pepe Unchained’s team allocated 20% of the supply for the presale, 30% for the staking, and 10% for liquidity. The presale raised more than $3.7 million, and it seems that investor interest is not waning. Early PEPU holders can already stake their tokens and earn with a 502% APY.

We’ve hit another milestone! $3.5M raised!

Pepe’s blockchain journey is unstoppable. Thank you for your amazing support. The best is yet to come! 🐸🚀 pic.twitter.com/IPpMBPGg5z

— Pepe Unchained (@pepe_unchained) July 14, 2024

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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.

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.
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