#MOG

MOG coin surged 16% in 24 hours: Is a new cycle coming?

The recent rebound of Mogcoin has finally relieved investors who have been waiting for a decline for two months and made some money. The key to the next bull market of MOG coin depends on how these investors move.

Early in the morning of October 7, Bitcoin was about to reach $64,000, and MOG coin was even more powerful, soaring 16% in 24 hours, becoming a big winner, and CoinMarketCap's data was all focused on it.

This surge was thanks to the MACD golden cross on the daily chart. Looking at the technical analysis again, there are still many buying opportunities in the future.

Mog coin has recovered a lot of losses this time. It fell to $0.000001318 before, and it soared back in five days, up 8% in one day.

The current price is $0.000001688. This wave of growth has made people who bought MOG in early August feel more at ease. At that time, it also rose to $0.000001682 and then fell.

Two months later, these investors finally made back their money. Moreover, the buying is still strong, and the RSI does not show over-buying. This should make people who hold Mog tokens feel at ease to hold them.

If this momentum can be maintained, the next resistance level may be $0.000001940. At that time, new buyers may not be able to sit still, thinking that the current low price is a good opportunity to make money.

However, investors may also be a little panicked, fearing that MOG coins will go the same way as two months ago. In this way, they will feel even more uneasy, and they may even be scared to sell.

Look, the amount of MOG tokens entering the exchange has risen sharply, and most of them are sold by large investors, which may affect the continued rise of MOG.

Therefore, MOG is in a delicate situation now, and it is unknown where it will go next.

If MOG wants to continue to rise to $0.000001940, it must keep an eye on these movements. However, if the recent surge in the power withdraws, MOG may have to trade again, and may fall back like in August.

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