Mog Coin Sees Strong Bullish Momentum and Increased Trading Volumes
The daily chart for Mog Coin (MOG) indicates a wholeย lotย of positiveย trend trend, with a 19% gain and a surge in trading volumes by 59% to $1.37 Million. Buyers are accumulating MOG, anticipating further gains in the future.
Inย theย previous 24 hours, MOG has experienced high volatility, with the price growing from $0.0000000262 to $0.0000000376. Nonetheless, it has failed to surpass the resistance at $0.000000037 and has since dropped to $0.0000000351 at the time of writing.
One of the catalysts behind MOGโs recent gains is a Twitter Spaces event where the team discussed their roadmap and plans for building a strong community and securing new collaborations.
Mog Coin likewise advantages from mentions on Twitter, as memecoins tend toย win value when thereย is increased discussion and speculation surrounding them.
Mog Coin Price Trending Up Regardlessย of Recent Losses
Regardlessย of recent losses, MOG has been on a substantial uptrend according to the 24-hour chart. It has been creating higher highs due to increased buying pressure, with the lowest price during this period at $0.0000000263.
Nonetheless, inย theย previous 7 days, MOG is still down by 31%, hittingย aย peak of $0.0000000502 on August 31. For the uptrend to continue, MOG needs to rally past $0.000000036 and reach $0.000000040, last seen on September 3.
If the rally fails, MOG may fall below the critical levelย ofย support of $0.000000025 and reach a monthly low of $0.000000022.
Bullish Sentiment and Positive Indicators for Mog Coin
Price indicators for Mog Coin show a positiveย trend momentum. The Relative Strength Index (RSI) level is at 59, indicating buyer accumulation. Nonetheless, the RSI line is asย ofย now stagnant, suggesting a probable trend reversal with selling activity.
The Moving Average Intersection Divergence (MACD) line likewise supports the strength of the bulls, with the MACD histograms in the green zone.
BTCBSC Token Sale Raises $130K Within Two Days
The BTCBSC token sale has raised $130K shortly after its launch. The project offers early investors theย chance to purchase BTCBSC at a low price of $0.99, reminiscent of Bitcoinโs price in 2011.
BTCBSC is a BEP-20 version of Bitcoinย (BTC) with staking rewards. It wasย made on the Binance BNB Chain, enabling support for smart contracts and allowing token holders to earn bonus by staking the token for transaction validation.
The total supply of BTCBSC is 21 Million tokens, similar to Bitcoin, with 6,125,000 tokens available for purchase during the presale and the remaining 14,455,000 tokens reserved for staking rewards.
Hot Take:
Mog Coin is experiencing a strong positiveย trend trend and increased trading volumes, driven by positive events and mentions on social media. Nonetheless, it faces resistance at certain price levels, and a failure to rally past these levels could lead to a fall in value. Inย theย meantime, BTCBSCโs token sale has gained wholeย lotย of fundraising success, offering investors aย chance to purchase the token at a historically low price and earn bonus through staking. The projectโs unique features and support for smart contracts make it an attractive alternative to traditional Bitcoinย (BTC) mining.
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.
