FOMO

Resistance

MongCoin

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>The MongCoin crypto is currently trading at $0.00000001070 with a gain of 3.68% in the last 24 hours and a current market cap of $6.19 Million.</a> </li> 
 <li> <span>2</span> <a>The MongCoin crypto price decreased by 31.69% over the past seven days, as per CoinMarketCap.</a> </li> 
</ul> 
<p>MongCoin (MONG) could not hold the high and changed its direction, continuing its downtrend that shows more weakness in the market. The price is below the dynamic support trendline, which could lead to more losses. The market is also in a downtrend on a larger time frame, as it is making lower lows.<br><br>MongCoin has been dropping from its peak and making lower-low structures. It is in a bearish trend after breaking below the 20-day and 200-day moving averages. The bearish pressure could push MONG to make a new lower low soon and prolong its downtrend.<br><br>The current situation requires traders and investors to be patient and wait for a clear signal of a break above or below the range before making any further moves. They should also avoid FOMO and reduce their losses.</p> 
<p>The MongCoin crypto price fell by 32.19% last week; it declined by 38.37% in the last month. Moreover, the MONG crypto experienced a gain of roughly 294.40% within the past year. These trends collectively indicate the volatility faced by MongCoin in recent times.</p> 
<h2 class="wp-block-heading" id="strong-technical-analysis-of-mongcoin-crypto-price-in-1-d-timeframe-strong"><strong>Technical Analysis of MongCoin Crypto Price in 1-D Timeframe</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img loading="lazy" decoding="async" width="1272" height="533" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-91.png" alt="MongCoin Crypto: Can MONG Bounce Back from the Lower Level?" class="wp-image-191612" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-91.png 1272w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-91-300x126.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-91-1024x429.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-91-768x322.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-91-750x314.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-91-1140x478.png 1140w" sizes="(max-width: 1272px) 100vw, 1272px">
  <figcaption class="wp-element-caption">
   Source: MongCoin.1D.USD by TradingView
  </figcaption>
 </figure>
</div> 
<p>At the moment, the MongCoin crypto (USD: MONG) is trading below the 50 and 200-day EMAs (exponential moving averages), which are not supporting the price trend. If bulls want to make a comeback, they will have to rise and sustain the price above the 20-day EMA. However, the sellers seem to be more aggressive than buyers.<br><br>The RSI is currently at 41.40 points. The 14-day SMA is above the median line at 40.02 points which indicates that the MongCoin crypto is bearish.</p> 
<p>The MACD and the signal lines are below the zero line. A bearish crossover is observed in the MACD indicator which signals more bearishness for the MONG price.</p> 
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3> 
<p>The <a href="https://www.thecoinrepublic.com/2024/02/04/all-about-mate-what-is-mate-hidden-gold-or-just-glitter/" target="_blank" rel="noreferrer noopener">MongCoin crypto price prediction</a> suggests a mild bearishness on the chart. The sellers are dominating at the higher levels. MongCoin’s (USD: MONG) technical oscillators also support the bearish trend. The MACD, RSI, and EMAs are giving negative signs and imply that the downtrend may continue. The price action suggests that the investors and traders are bearish on the 1-day time frame. The technical analysis suggests that the MongCoin crypto price is in a bearish grip and the probability of testing the previous highs in the coming months remains low.</p> 
<h3 class="wp-block-heading" id="strong-technical-levels-strong"><strong>Technical Levels</strong></h3> 
<p>Support Level: $0.00000000500.</p> 
<p>Resistance Level: $0.00000001387.</p> 
<h3 class="wp-block-heading" id="strong-disclaimer-strong"><strong>Disclaimer</strong></h3> 
<p>This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions</p>

MongCoin Crypto: Can MONG Bounce Back from the Lower Level?

Table of Contents

Thecoinrepublic.com

Other articles published on Feb 5, 2024

Ripple: XRP Could Hit $771 By 2025 If This Happens

XRPL’s Potential Trillion-Dollar Leap in RWA Tokenization Sparks Enthusiasm

Bitcoin’s Expected Price targets After 2024 Halving; Overwhelming Enthusiasm for this The Graph C...

US Government Announces New Probe Into Crypto Mining Operations In The US

ChainGPT AI NFT Saturday Spotlight: Winners for 02.03.

Price Analysis: Chainlink (LINK) Price Up More Than 7% In 24 Hours

Join our free newsletter for daily crypto updates!