Recently, Mog entered a pullback mode after a slight breakthrough to a new high. The price found support this week and returned to the upward range, expecting a significant rebound. Bulls are regaining control.
Last week, Mog broke to a new high of $0.000003 after new purchases at the $0.0000016 level. Unfortunately, bears halted this surge, and the price fell. Fortunately, bulls gained support at $0.000002 mid-week, and the price rebounded.
The daily chart shows that the price is about to break above the high. However, compared to the recent surges of some major meme coins over the past few weeks, the monthly trading volatility remains low. When volatility increases, the situation may change in the future.
Looking back at the price rebound to $0.0000007 in early September, Mog has significantly recovered, tripling to the current trading price of $0.0000029. Bulls seem to have regained control.
Currently, it is gathering liquidity in the weekly time frame. As long as the medium-term trend remains bullish, the price could explode at any time.
Key levels of MOG worth noting
Aside from the $0.000003 level, there is no significant resistance during the upward movement. After breaking the high, the next key level to watch is $0.000004, followed by $0.000005 and $0.000006.
The $0.000002 level has supported the price increase over the past 48 hours. If the price breaks below this level, the next support to consider is $0.0000016, which is the current monthly low. Below this level is the $0.00000125 level.
Key resistance levels: $0.000004, $0.000005, $0.000006
Key support levels: $0.000002, $0.0000016, $0.00000125
Spot price: $0.0000029
Trend: Bullish
Volatility: High