Ethereum

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bullish

Mog Coin

Coin

<p><strong>Mogcoin </strong>(MOG), a fast-rising memecoin based on the Ethereum blockchain, saw a notable surge of over 15% today. Since its inception, Mogcoin price has continued to trade in upward momentum and has risen by over 320% in the last three months.</p> 
<p>This week, a sharp rejection followed by a pullback from the support zone of $0.0000007500 sharply re-entered the channel.&nbsp;</p> 
<p>The memecoin was traded under the bullish influence. However, it faced a notable dip due to the sudden panic in the market last week.</p> 
<p>Fueled by the demand surge, the <a href="https://www.thecoinrepublic.com/price-prediction/mog-coin/">MOG </a>price took a revival and jumped over 105% this week. Notably, the price action conveyed that sellers had covered their positions at the bottom and looked trapped. It led to a sharp price rise.</p> 
<p>Amongst the memecoin pack, MOG has soared the most and conveyed a sharp reversal. With a double-digit pullback and crossing the 20-day EMA mark, the bulls were striving to revisit the 52-week high mark.</p> 
<h2 class="wp-block-heading" id="h-mogcoin-mog-price-could-be-poised-for-bullish-surge"><strong>Mogcoin (MOG) Price Could be Poised for Bullish Surge</strong></h2> 
<p>The one-day chart of Mog Coin displayed a sustained uptrend. It continued to remain in the bullish region. Despite the market volatility, the memecoin remained in the bullish region and displayed a strong <strong>demand surge</strong>.</p> <iframe loading="lazy" title="Santiment Chart: Price (MOG), Volume (MOG)" width="800" height="425" src="https://embed.santiment.net/chart?ps=mog-coin&amp;pt=MOG&amp;df=2024-02-09T18%3A29%3A59.322Z&amp;dt=2024-08-09T18%3A29%3A59.322Z&amp;emcg=1&amp;emhwm=1&amp;wm=price_usd%3Bvolume_usd&amp;wax=0%3B1&amp;wc=%2326C953%3B%23D2D6E7&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B" scrolling="no"></iframe> 
<p>The Momentum Indicator (RSI) displayed a positive crossover. It noted a reading of 50 and directed the positive outlook on the chart. Similarly, the MFI indicator directed a major inflow this week and suggested a significant uptrend ahead.</p> 
<p>When writing, the MOG price traded at $0.000001546 with an intraday surge of 15.36%. It reflected buying interest on the chart. Its trading volume rose over 30% to $58.20 Million, revealing the investors’ optimism.</p> 
<p>Following the price surge, the on-chain metrics narrated the sharp upmove and displayed investors’ optimism.&nbsp;</p> 
<h2 class="wp-block-heading" id="h-weighted-sentiment-noted-a-sharp-rise"><strong>Weighted Sentiment Noted a Sharp Rise</strong></h2> 
<p>Amidst the price surge, the sentiment improved, and a massive spike in the weighted sentiment data was noted. It means that investors have looked optimistic and are molding their eyes to accumulate <strong>MOG</strong>.</p> <iframe loading="lazy" title="Santiment Chart: Weighted sentiment (Total) (MOG), Social Dominance (MOG)" width="800" height="425" src="https://embed.santiment.net/chart?ps=mog-coin&amp;pt=MOG&amp;df=2024-02-09T18%3A29%3A59.322Z&amp;dt=2024-08-09T18%3A29%3A59.322Z&amp;emcg=1&amp;emhwm=1&amp;wm=sentiment_volume_consumed_total%3Bsocial_dominance_total&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe> 
<p>Similar traction was noted in the social dominance activity, as investors have started chatting about MOG on the media platforms.</p> 
<p>@astekz, in his tweet, mentioned that <strong>MOG </strong>has retested the bottom and initiated a bounce.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24MOG&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$MOG</a> – Looks fire if it holds this reclaim <a href="https://t.co/0LPmz2tQPg">pic.twitter.com/0LPmz2tQPg</a></p>— Astekz (@astekz) <a href="https://twitter.com/astekz/status/1821629083752730799?ref_src=twsrc%5Etfw">August 8, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Notably, the price action revealed that the buyers retained traction and that the memecoin could continue outperforming the market.</p> 
<h2 class="wp-block-heading" id="h-total-liquidations-chart-nbsp"><strong>Total Liquidations Chart&nbsp;</strong></h2> 
<p>The short liquidations were noted at $1.23k at press time, whereas the long liquidations were noted at $82.58. This means buyers have outpaced the sellers, creating a positive sentiment.</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="278" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-94-1024x278.png" alt="Liquidations Chart | Source: Coinglass" class="wp-image-657695" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-94-1024x278.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-94-300x82.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-94-768x209.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-94-150x41.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-94-696x189.png 696w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-94-1068x290.png 1068w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-94.png 1379w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">
  Liquidations Chart | Source: Coinglass
 </figcaption>
</figure> 
<p>Furthermore, the futures Open interest rose over 2.33% to $80.49k, representing a fresh long buildup activity in the past 24 hours.</p> 
<p>If the <strong>MOG price </strong>holds gains above the $0.000001500 mark, it can trigger a recovery. It might go toward the upside resistance zone of $0.000001680 and the $0.000001800 mark ahead.&nbsp;</p> 
<p>On the other hand, if the price fails to secure the $0.000001500 mark, it might fall toward $0.000001400. It would be followed by the $0.000001320 mark ahead.</p> 
<p>The post <a href="https://www.thecoinrepublic.com/2024/08/10/mogcoin-mog-price-jumped-over-15-can-it-rally-more/">Mogcoin (MOG) Price Jumped Over 15%: Can It Rally More?</a> appeared first on <a href="https://www.thecoinrepublic.com">The Coin Republic</a>.</p>

Mogcoin (MOG) Price Jumped Over 15%: Can It Rally More?

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