Mog Coinโs Price Movement Indicates a Steady Downtrend
Inย theย previous week, Mog Coin (MOG) has experienced a consistent decrease in price. On August 30, the coin was currentlyย worth $0.0000000579, and it has since dropped to its current level of $0.000000029.
Within theย previousย day, MOG has seen a 12% fall in value, contributing to a total decline of 49% inย theย previous week.
Nonetheless, when observing the 30-day chart, a different pattern emerges. In mid-August, MOG experienced a steady rally that led to higher trading prices.
On August 18, amidst a market collapse, MOG reached an record-breakingย peak of $0.000000109. Everย since, it hasย dropped by 73% from that peak.
Is MOGโs Decline Indicative of a Trend Reversal?
MOGโs recent decline has been marked by the formation of lower lows. Regardlessย of this, traders continue to show interest, as trading volumes have increased by 19% in theย previousย day, reaching around $847,000.
If the bearish momentum continues, it isย importantย to monitor a critical resistance level at $0.0000000214. Sliding below this level may result in MOG dropping below $0.00000001.
The Moving Average Intersection Divergence (MACD) confirms the presence of a bearish trend. Inย addition, the Relative Strength Index (RSI) at 34 indicates selling activity and predicts the toย continue of bearish momentum.
Mog Coin Gains Celebrity Endorsements
The growing presence of celebrity endorsements on Twitter is benefiting Mog Coin and contributing to its communityโs growth.
Schizoloid Transmission System v.3, a Twitter user, has endorsed the unique qualities of MOG. They highlighted the projectโs efforts to cultivate a large community and strengthen cultural engagement.
The Probable of $MOG: The Growing Star
Curious about the buzz surrounding $MOG?
In this thread, weโll explore why $MOG is capturing the spotlight, its cultural relevance, and the powerful community driving its remarkable momentum.โ INC. (@postretardism) August 5, 2023
The endorsement likewise highlighted MOGโs extensive market presence, resulting in a market cap of approximately $12 Million before being listed on major exchanges. This rapid growth showcases the communityโs dedication to fostering MOGโs expansion.
Another Twitter user emphasized that MOG quickly gained a cult-like following shortly after its launch, making it one of the Memeย Coin coins to watch. The user believes MOG has theย capacity to unite the Webย 3.0 industry.
How often does a memecoin come along that has cult following, becomes a new word in the lexicon, has theย probable to unite the entire nft space, has instagram/tiktok virility built-in, gives the community endless content generation with ease and is relatable to normies? In 3โฆ pic.twitter.com/8XVB8gBnRv
โ brah (@lohohoski) September 2, 2023
Mog Coinโs presence in the cryptocurrency industry is expanding. On August 23, the MOG team announced the tokenโs listing on Open Exchange. MOG perpetual futures are now available on the exchange.
Thank you to our friends at @OPNX_Official for honoring the poll and listing perpetual futures of us. Go check out their platform and sign up if you want to $MOG the order books!
This Is Just The Beginning ๐๐ฏ https://t.co/dYMPux2NgR
โ the ticker is MOG (@MogCoinEth) August 23, 2023
Less Than Three Weeks Remaining for Wall Street Memes Presale
The Wall Street Memes (WSM) presale is approaching its end, with only 20 days remaining. Consequently far, the presale has raised over $25 million.
During the presale, 1 WSM token is currentlyย worth $0.0337. Theย group has already secured listings on plentyย of tier 1 exchanges once the presale concludes, potentially leading to a price rally.
The Wall Street Memes project originates from the Wall Street Bets community, where retail traders triumphed over Wall Street giants. WSM intendsย to tokenize this movement and empower the community throughout the process.
Hot Take: MOGโs Decline Requires Careful Monitoring
As MOG experiences a downward trend, it is critical for traders to listenย up to itsย value movements. The recent endorsements and growing presence in the cryptocurrency industry offer probable for future growth. Nonetheless, the bearish momentum and technical indicators suggest caution. Keep an eye on critical resistance levels and market sentiment to make notified decisions.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.
