- Mog Coin flipped BOME by market capitalization, rising over 100% previously week.
- Technical indicators urged potential overbought circumstances for Mog Coin’s present value rally.
Ethereum [ETH] memecoin Mog Coin [MOG] has been experiencing a notable enhance in worth, with its value rising by 10.31% previously 24 hours to $0.000001922, per CoinMarketCap.
The market cap has equally surged by 8.92%, reaching $692.62 million, putting it at rank #97.
Regardless of this constructive value motion, the day by day buying and selling quantity has decreased by 32.98% to $53.47 million. Therefore, whereas investor confidence rose, buying and selling exercise declined, indicating attainable consolidation.
Ethereum’s MOG flips Solana’s BOME
MOG Coin not too long ago flipped BOOK OF MEME [BOME] whereas showcasing a surge of over 115% previously week. This spectacular efficiency has propelled MOG to turn into one of many top-performing meme cash.
Hypothesis is rising about whether or not MOG can even surpass BONK, pushed by renewed curiosity within the Solana [SOL] ecosystem and constructive developments within the crypto ETF area.
![](https://ambcrypto.com/wp-content/uploads/2024/06/olivia-bubbles.png)
![](https://ambcrypto.com/wp-content/uploads/2024/06/olivia-bubbles.png)
Supply: Crypto Bubbles
OSF, a determine within the crypto area, commented that MOG’s development over the previous yr exemplified a well-executed memecoin technique.
This community-driven momentum has been a vital think about MOG’s speedy ascent out there.
Equally, Eddie, a crypto dealer on X (previously Twitter), remarked,
“$MOG nonetheless holding up, getting plenty of timeline mentions & predominant mog homies like @kmoney_69 doubling down on memeing the token.”
He added,
“I opened a commerce round right here, large cease loss and in search of momentum to proceed. I’ll shut my commerce if the market breaks down or MOG chart reveals weak spot.”
![](https://ambcrypto.com/wp-content/uploads/2024/06/olivia-twitter.jpeg)
![](https://ambcrypto.com/wp-content/uploads/2024/06/olivia-twitter.jpeg)
Supply: Eddie/X
Technical evaluation and market indicators
The value chart for Mog Coin confirmed a rising wedge sample at press time, indicating potential upward momentum within the brief time period.
The Bollinger Bands urged that MOG was experiencing volatility, with the worth hovering close to the higher band, typically signifying overbought circumstances.
The present ranges have been considerably above the shifting common, reinforcing the bullish sentiment.
At press time, the Relative Energy Index (RSI) was at 70.10, coming into the overbought territory, which may sign a possible pullback or consolidation quickly.
The Commodity Channel Index (CCI) was additionally in a excessive vary at 114.29, additional suggesting that MOG is likely to be overextended.
Merchants ought to look ahead to any bearish divergence or a break under the rising wedge sample, which may point out a reversal or correction.
![](https://ambcrypto.com/wp-content/uploads/2024/06/olivia-tv.png)
![](https://ambcrypto.com/wp-content/uploads/2024/06/olivia-tv.png)
Supply: TradingView
In keeping with IntoTheBlock, transaction statistics for Mog Coin revealed an general enhance in each transaction quantity and value from late February to early Could 2024.
Learn Mog Coin’s [MOG] Worth Prediction 2024-25
The variety of transactions peaked in late Could, aligning with a value surge, earlier than they started to say no in June.
This sample indicated a interval of heightened exercise and curiosity within the Ethereum-based memecoin, adopted by a subsequent lower in market engagement.