bullish

Source

Bitcoin

Strong

<p>In recent days, MOG (MOG/USDT) has gained much attention from its users. The meme coin has risen by 8.05% over the last 24 hours and now trades at around $0.000002067.</p> 
<p>MOG’s bullish momentum is driven by rising demand. As well as favorable indicators which place it above the 20-day Simple Moving Average (SMA).</p> 
<p>Market observers are watching to see if MOG can break the upper Bollinger Band and continue with the uptrend as resistance nears.</p> 
<h2 class="wp-block-heading" id="h-strong-bullish-momentum-and-key-resistance-levels"><strong>Strong Bullish Momentum and Key Resistance Levels</strong></h2> 
<p>Having risen in price over the last couple of days, MOG has approached its upper Bollinger Band. This happened at a price of $0.000002240. This resistance level could act as a short-term cap unless more buying pressure continues to be built up.</p> 
<p>At the moment, buyers are in control of the market as it trades above the 20-day SMA of $0.000001931, signaling a short-term uptrend.</p> 
<p>Nevertheless, such proximity to the upper limit of the Bollinger Band can also indicate strong volatility, and, accordingly, the price may resume to immediate support levels in case of a failed breakout.</p> 
<p>The middle band of the Bollinger Band aligns with the 20-day SMA. It serves as a support zone that could stabilize the price in case MOG fails to overcome the resistance on $0.000002240. Furthermore, if the broader market corrects, MOG offers deeper support in a possible trading range around the lower Bollinger Band of $0.000001622.</p> 
<p>Analysts add that if MOG continues the&nbsp;<a href="https://www.thecoinrepublic.com/2024/10/28/mog-coin-price-analysis-bears-dominate-as-analysts-eye-key-levels/">upward momentum</a>&nbsp;and can break above the upper band it could lead to further buying. The same can propel MOG price to new highs.</p> 
<h2 class="wp-block-heading" id="h-rsi-shows-room-for-upside-indicating-further-potential"><strong>RSI Shows Room for Upside, Indicating Further Potential</strong></h2> 
<p>MOG Relative Strength Index is 58.34. This is yet another positive signal, but it hasn’t entered overbought as yet, which generally occurs near 70.</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="599" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-16-1-1024x599.png" alt="1-day MOG trading chart | Source TradingView" class="wp-image-812759" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-16-1-1024x599.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-16-1-300x176.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-16-1-768x450.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-16-1-150x88.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-16-1-696x407.png 696w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-16-1-1068x625.png 1068w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-16-1.png 1341w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">
  1-day MOG trading chart | Source TradingView
 </figcaption>
</figure> 
<p>However, this reading also suggests that there is still room for more price gains before the market could see some reversals.</p> 
<p>When the RSI touches 70, that can signal conditions are overbought, and they might pull in to consolidate or even have a minor pullback as traders take some profits. The steady rise of RSI shows MooG’s bullish trend and means buyers are still in control.</p> 
<h2 class="wp-block-heading" id="h-analysts-views-on-mog-price-potential-and-market-sentiment"><strong>Analysts Views on MOG Price Potential and Market Sentiment</strong></h2> 
<p>Crypto analyst Danail534 noted that MOG has seen a recent surge upward and could see even more gains, provided that Bitcoin remains strong.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
   https://twitter.com/Danail534/status/1854082093497688363 
 </div>
</figure> 
<p>According to Danail534, MOG’s price action has been positively influenced by Bitcoin’s robust performance, along with trends in other popular assets like DEGEN and COQ.</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="535" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-17-1-1024x535.png" alt="Source: X" class="wp-image-812768" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-17-1-1024x535.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-17-1-300x157.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-17-1-768x401.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-17-1-150x78.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-17-1-696x364.png 696w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-17-1-1068x558.png 1068w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-17-1.png 1072w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">
  Source: X
 </figcaption>
</figure> 
<p>This broader market momentum is expected to play a critical role in supporting MOG’s ongoing price trajectory.</p> 
<p>Danail534’s analysis also highlights clear support and resistance levels within the MOG/USDT chart, marked by horizontal lines. The lower blue line shows resilience as support, potentially providing a solid base if the market turns bearish.</p> 
<p>The post <a href="https://www.thecoinrepublic.com/2024/11/06/mog-price-jumps-8-approaching-key-resistance-what-to-expect/">MOG Price Jumps 8%, Approaching Key Resistance: What to Expect?</a> appeared first on <a href="https://www.thecoinrepublic.com">The Coin Republic</a>.</p>

MOG Price Jumps 8%, Approaching Key Resistance: What to Expect?

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