Mog Coin price surged 76% in the past week and almost 10% in the past 24 hours, currently trading at $0.00000186 as of 6:30 a.m. ET. Trading volume surged 32% to $61.85 million, with MOG making the biggest gain of the week among the top 100 cryptocurrencies, with Kaspa (KAS) in second place and Dogwifhat (WIF) in third place, Crypto Bubbles reported.
Mog Coin price encounters resistance despite strong rebound
MOG’s price showed signs of rebounding after falling from its all-time high of $0.000002065. However, according to Geckoterminal, bulls have established a solid support zone at $0.0000008109, allowing them to regroup and push for a rebound. This rebound created upward momentum, pushing the price close to the resistance level.
MOGUSD analysis (Source: Dextools.io)
MOG price is trading above the 50 and 200 simple moving averages (SMAs), confirming its bullish momentum. Moreover, the moving average crossover is above $0.0000006186, further supporting the upside momentum, confirming the overall positive trend. The relative strength index (RSI) shows a gradual rise, quickly rebounding from oversold levels close to 30 to 69, close to the overbought region of 70. With the continued momentum, the RSI may soon enter the overbought territory. Moreover, the MACD shows an uptrend from below neutral, with the blue moving average crossing above the orange signal line, indicating strong buying pressure for MOG. The histogram bars have also turned green and are above the neutral line, reinforcing the overall bullish sentiment.
Mog Coin Price May Fall Due to Double Top Pattern
MOG price bulls are preparing to push the price higher, aiming for a new high above the resistance level. If they maintain momentum, the price could rise to $0.000002590 in the coming weeks. However, there is a strong possibility that the bears could use the double top pattern to push the price lower, signaling a bearish reversal. If this happens, the price could fall, forcing the bulls to retreat to the neckline support area of $0.0000008109.
Which is the best P2E meme coin today?
Meanwhile, the bullish sentiment around MOG is matched by the buzz surrounding PlayDoge (PLAY). PlayDoge is a memecoin that combines the popular “Doge” meme with a play-to-earn (P2E) game. PlayDoge has quickly gained traction during its presale, raising close to $5.3 million. The success of the presale highlights PlayDoge’s surging popularity, solidifying its position as one of the most talked-about new memecoins.
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New Dog Themed Meme Coin with P2E Elements PlayDoge Surpasses $5 Million in Parapoli ICO
https://t.co/qkywtlBOya
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Summary: PlayDoge, a dog-themed memecoin, successfully raises over $5 million…
pic.twitter.com/u9ELjZRYao
— VOICE LARK (@voicelark)
June 24, 2024
PlayDoge combines 90s nostalgia with modern blockchain technology, allowing users to take care of an 8-bit pixel Doge virtual pet in a retro-style mobile game. Players can feed, play mini-games, go on adventure quests, and bond with their virtual pets, earning $PLAY tokens for their efforts. The team plans to develop more projects to expand the utility of the token. In addition, token holders can passively earn an annualized yield (APY) of 116% by staking $PLAY.
Unlike Dogecoin, PlayDoge runs on the BNB chain created by Binance, the world's largest cryptocurrency exchange. This also means that PLAY is on the radar of Binance's listing team, increasing the possibility of the token being listed on the world's largest cryptocurrency exchange. Crypto analyst and YouTuber Jacob Bury predicts that PLAY's upside potential could reach 10x after listing.
You can buy $PLAY token at a price of 0.00514 per $. If you are interested, buy it as soon as possible because the price may increase in less than two days.
Buy $PLAY token using BNB, USDT or bank card on the official website.
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