🔎 MGO/USDT 30-Min Chart Analysis (June 28, 2025)

$MGO

MGO

Alpha

0.021561

-3.24%

Trend:

Price is in a short-term downtrend, confirmed by the descending resistance line (blue).

Support is holding around $0.01533 (red line), which is a key level to watch.

Current Price:

Trading at $0.01622, hovering near local support, with very weak momentum.

RSI (10):

RSI around 45–46, indicating neutral to slightly bearish momentum — no overbought/oversold signal.

⚠️ Summary:

🔻 Bearish bias under the descending trendline.

🔴 If $0.01533 breaks, expect downside acceleration.

✅ A breakout above the blue line (around $0.0168–0.0170) could flip structure bullish short-term.

Outlook:

Likely to stay range-bound unless volume spikes. Watch for breakout or breakdown confirmation soon.

#MGO

#NODEBinanceTGE

#USCorePCEMay