Mog Coin (MOG) Price Nears Major Resistance as New Cat-Themed Token SLAP Skyrockets Over 1,700% in 24 Hours

The Mog Coin price soared over 21% in the last 24 hours to trade at $0.000002943 as of 4:32 a.m. EST as traders go long on the meme coin.

The Mog Coin price soared over 21% in the last 24 hours to trade at $0.000002943 as of 4:32 a.m. EST as traders go long on the meme coin.

With the recent surge, the MOG price is also up more than 26% over the past 7 days.

Mog Coin Price Nears Major Resistance

4-hour chart for MOG/USD (Source: GeckoTerminal)

GeckoTerminal data shows that the Mog Coin price has printed a series of higher highs and higher lows on the 4-hour chart over the past 24 hours, resulting in the formation of an ascending channel. If this bullish trend continues, MOG might soon flip the resistance level at $0.000003217 into support.

On the other hand, the Mog Coin price dropping out of the positive channel could bring an end to the meme coin’s momentum. In this more bearish case, MOG could test the closest support level at $0.000002543. A break below this technical safety net might then lead to the meme coin’s price plunging to as low as $0.000002028.

Technical Indicators Suggest Bulls Are Still In Control Of The Mog Coin Price

From a technical perspective, indicators on MOG’s 4-hour chart suggest the meme coin’s price might continue to rise heading into the weekend. Both the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) are showing bullish signs.

RSI readings have surged from below 30 to just above 70, indicating the presence of a lot of bullish strength. With the current positive slope of the indicator, it seems buyers show no signs of easing their pressure on the Mog Coin price any time soon as well. 

Although high RSI readings indicate that an asset is overbought and are therefore usually seen as a sell signal, it’s not unusual for an RSI to remain above 70 for a sustained period of time when a crypto rallies.

Meanwhile, the MACD line crossed above the MACD Signal line during the last 48 hours. Traders acted on this bullish crossover, pumping the Mog Coin price in the hours that followed. Currently, the MACD is still positioned above the MACD Signal line, with the gap between the two lines growing. This could suggest that MOG’s bullish momentum is picking up steam.

As the Mog Coin price tries to keep its bullish momentum alive, traders are flocking to a new meme coin by the name of CatSlap Token that has skyrocketed over 1,700% in the last 24 hours.

A New Cat-Themed Token Poised To Challenge POPCAT And Other Elites

CatSlap (SLAP) is a new cat-themed token looking to establish itself among elite feline cryptos like Popcat (POPCAT), Mog Coin (MOG) and Cat In A Dogs World (MEW).

In order to establish itself as the next cat-themed token leader, the project will launch a play-to-earn (P2E) game while simultaneously establishing itself as a credible project.

New $SLAP ATH & Gary Gensler is stepping down. Send it to the moon 😻 pic.twitter.com/PzaPD8fdn7

— CatSlap (@CatSlapToken) November 21, 2024

Through its game, the project will keep the community engaged as players try to climb the project’s Slapometer. What’s more, rumors that the P2E game will include the biggest cat-themed token airdrop in crypto history next year are starting to make the rounds.

At its ground stage, the SLAP token is already making a name for itself in the crypto space. One of the main differences between CatSlap and those that came before it is its team’s choice to not go the traditional presale route. This gives everyone a chance to acquire the token on equal terms.

Adding to CatSlap’s credibility is the project’s partnership with Best Wallet, which is the fastest growing next generation crypto wallet. Through this affiliation, the SLAP token has already been exposed to a community that’s 60,000 members strong.

Renowned crypto analyst and YouTuber Jacob Bury told his over 44.9K subscribers that the SLAP token has “insane growth potential.” 

$SLAP Token Soars Over 1,700% – Next Binance Listing?

CatSlap stands out for its price performance and rapidly-growing community at this early stage. Should this momentum continue, the SLAP token could soon catch the attention of leading crypto exchanges such as Binance or Coinbase.

Both of these platforms are constantly on the hunt for the next crypto gem, and CatSlap