Mog Coin Rebounds 27.8% After 49% Drop

The Essentials at a Glance
- Mog Coin (MOG) lost 49% of its value within two weeks.
- A recovery followed on Monday with a daily gain of 27.8%.
- Trading volume rose to 3.2 trillion MOG – approximately 3 million US dollars.
- Technical indicators show mixed signals – a short-term sideways movement is possible.
- Key support level is at 0.00000074 US dollars.
Sharp Decline Followed by Recovery
Mog Coin (MOG), a highly volatile memecoin, experienced a significant price drop at the end of May. Within two weeks, the price fell by 49%. This setback brought the token to the 78.6% retracement level, a technical area often considered a turning point.
A recovery began on Monday. The price rose by 27.8% in a single day. At the same time, trading volume increased to around 3 million US dollars – nearly five times the previous day’s volume. As a result, MOG broke through the short-term resistance at 0.000001 US dollars.
Technical Analysis: Fluctuations on Daily and Hourly Basis
The daily chart shows a positive momentum, but the longer-term indicators remain cautious. The A/D indicator (Accumulation/Distribution) has been trending downward for weeks, indicating ongoing selling pressure. The Awesome Oscillator is also below the zero line, suggesting a bearish overall sentiment. However, a green histogram bar signals a possible momentum shift in favor of buyers.
On an hourly basis, a different picture emerges. A strong buying impulse was evident on Monday – supported by rising volume bars, the CMF (Chaikin Money Flow), and the A/D indicator. In the hours that followed, however, demand flattened again. Initial signs of a sideways movement between 0.00000107 and 0.00000113 US dollars are emerging.
Liquidity Zones and Possible Price Targets
A look at the liquidity heatmaps across various timeframes shows a concentration of liquidity in the current price range. Particularly notable are clusters at 0.0000012 and 0.00000128 US dollars – potential target areas in the event of further price increases.
The heatmaps over two weeks, one month, and three months confirm these zones. At the same time, the area around 0.00000074 US dollars remains a strong support. As long as the price stays above this level, a bullish outlook can be maintained.
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Our Assessment
Mog Coin is showing initial signs of recovery following the massive pullback. The increased trading volume and short-term buying pressure suggest a technical rebound. However, the broader picture remains fragile. The indicators provide mixed signals, and a short-term sideways phase appears likely.
For short-term traders, the current support and resistance levels offer opportunities for targeted entries. Long-term investors, however, should exercise caution until the price establishes itself sustainably above the resistance levels.
Sources
- Coinglass
- TradingView