MOGUSD Aggressive bullish break-out taking place.MOG Coin (MOGUSD) has been trading within a Falling Wedge pattern and for the 2nd time in a week broke yesterday above its top (Lower Highs trend-line). This rebound is taking place after the 1D MA50 (blue trend-line) held.
The whole sequence is identical to the Falling Wedge where the price accumulated before the February 2024 rally. As you can see even their 1D RSI fractals are identical. The rally that followed the bullish break-out extended to the 3.0 Fibonacci extension and rose by +11.180%.
If the current sequence continues to replicate that pattern, we expect to see 0.000035 by January 2025 the latest.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
Mogcoin
MOG Coin Eyes 126% Breakout with Cup-and-Handle Pattern As Bitcoin sustains dominance over $72,000, the meme coin market is reviving with a notable uptick. Among these, MOG Coin has emerged as a standout, leveraging both technical patterns and community-driven appeal to generate bullish momentum. Currently trading at $0.00000210459, MOG Coin ( TSXV:MOG ) has made impressive strides, posting a 13.03% increase in the past 24 hours and showing signs of an impending breakout. Here’s a look at both the technical and fundamental drivers behind MOG’s rise and the potential for substantial growth in the near term.
Technical Analysis: MOG Coin’s Cup-and-Handle Breakout on the Horizon
The daily chart for MOG Coin presents a classic cup-and-handle pattern with a neckline at $0.000002355. This pattern is often regarded as a bullish continuation signal, and with four consecutive bullish days pushing the coin closer to the neckline, the chances of an upward breakout are high.
In the past week, MOG Coin ( TSXV:MOG ) has increased by nearly 32% from its seven-day low of $0.000001599, reclaiming the psychological $0.0000020 mark. This trend, along with the following factors, suggests bullish potential:
- Moving Averages: The 20, 50, 100, and 200-day EMAs are all aligned bullishly, indicating strong buying momentum.
- MACD: The MACD and Signal lines are set for a bullish crossover, while the bearish histograms have begun to decline, confirming increasing buying pressure.
- Fibonacci Levels: The cup-and-handle neckline aligns with the 100% Fibonacci level at $0.000002355. A breakout here could push MOG Coin ( TSXV:MOG ) to the 1.618 Fibonacci extension level at $0.0000047623, marking a potential 126% increase. Should this scenario play out, MOG may target the psychological $0.0000050 mark, affirming an ongoing bull trend.
The RSI at 65 suggests further bullish momentum, especially if Bitcoin’s rally continues, as meme coins often mirror major trends. However, traders should note the downside support level of $0.000001845 as a pivot in case of any pullback.
Fundamental Analysis
MOG Coin’s Unique Position in the Meme Coin Landscape
MOG Coin isn’t just another entry in the meme coin space; it’s quickly establishing a reputation as a standout, with a mission to dominate the internet through viral, humor-driven content. MOG has successfully tapped into the cultural appeal of memes while building a robust, community-focused following that champions humor and creativity.
With a circulating supply of 390.5 trillion MOG coins and a market cap of $848.9 million USD, MOG Coin ranks #78 on CoinMarketCap, reflecting its popularity and widespread adoption. MOG is highly traded, with a 24-hour trading volume of $43.5 million USD, showing strong liquidity and interest among investors.
What sets MOG Coin apart from other meme projects is its unapologetic focus on viral content and meme culture. The project positions itself as more than just a coin; it’s a movement, rallying a community of “meme warriors” committed to creating high-quality, engaging content. This dedicated fanbase reinforces MOG’s market resilience, supporting its price action even in the volatile meme coin segment.
Market Sentiment and Future Prospects
The broader market for meme coins is looking promising as Bitcoin’s sustained gains drive bullish sentiment across altcoins. With a meme coin market cap above $63 billion and rising interest in speculative assets, MOG Coin appears well-positioned to attract continued attention.
According to MOG Coin’s developers, the project’s aim is to disrupt the crypto space by prioritizing meme-driven virality and cultivating a “meme lifestyle.” As the platform grows, it’s likely that this bold approach to community engagement will attract even more traders, content creators, and meme enthusiasts, further reinforcing MOG’s value.
Conclusion
With strong technical signals and a unique brand, **MOG Coin offers an enticing opportunity** for traders looking to capitalize on the meme coin rally. The potential **126% gain** from a cup-and-handle breakout and the broader bullish trend among meme coins suggest that MOG could be in for significant price appreciation.
For traders and meme enthusiasts alike, MOG Coin’s rally could mark the beginning of a new wave in the meme coin landscape. Keep an eye on the $0.000002355 neckline and Bitcoin’s price action, as these will likely dictate the coin’s next move.
Accumulation Cylinder, Livermore Pattern. MOG is showing a textbook Livermore Speculative Pattern right now, and it's looking super bullish. For those who aren't familiar, this pattern is known for leading to explosive moves, and all the signs are pointing towards another big leg up.
We've already seen the initial accumulation and breakout, and now we're in the reaction phase—exactly what you want to see in this setup. The price is consolidating nicely, which could be setting the stage for the next massive run.
The volume patterns are supporting this move too, with strong surges on the upswings and lighter volume on the pullbacks—classic bullish behavior.
If this pattern plays out like it usually does, we could be looking at some serious gains ahead. Definitely worth keeping MOG on your watchlist if you're not already in!