Mog Coin (MOG) Price Prediction 2022

With four consecutive bullish days, the MOG Coin is inching closer to a significant breakout. Will this breakout rally lead to a new all-time high

As the Bitcoin price continues to dominate the market with a 7.27% gain in the last seven days, meme coins are making a strong comeback. With a total market cap of over $63 billion, MOG coin is showing a promising trend on the price chart.

After four consecutive bullish days, the MOG coin is inching closer to a significant breakout. Could this breakout rally lead to a new all-time high with a more than 100% price jump? Let’s find out.

Cup and Handle Breakout For MOG

On the daily chart, the MOG coin showcases a cup-and-handle pattern that has a neckline at $0.000002355. In the last 7 days, the meme coin has gained nearly 32% from a 7-day low of $0.000001599.

Currently, the MOG coin is trading at $0.00000210459 with an intraday gain of 4.39%. As the meme coin has recovered a psychological mark of $0.0000020, the four consecutive bullish candles indicate a completion of the cup-and-handle pattern. Thus, the chances of MOG coin testing the neckline have increased significantly.

As the bearish histograms decline with increasing bullish influence, the MACD and Signal lines prepare for a bullish crossover. Meanwhile, the crucial 20, 50, 100, and 200-day EMA maintains bullish alignment. Thus, the momentum indicator and dynamic lines give a buy signal for MOG.

Will MOG Reach $0.0000050?

According to the Fibonacci levels, the neckline coincides with the 100% level at $0.000002355. A bullish breakout of the bullish pattern will most likely reach the 1.618 Fibonacci level at $0.0000047623, indicating a 126% rise. This puts the chances of the bull run reaching the $0.0000050 psychological mark high in the ongoing bull trend.

On the flip side, the downside risk for the meme coin remains at the $0.000001845 level.