Sam_TCR

sustenance of this peak could stretch its gains towards higher l

Long
CRYPTO:MOGUSD   MOG Coin
In the past 24 hours, MOG coin (MOG) has surged 25.83%, which has traded at $0.000001759. The 105th-ranked MOG crypto has a $634.28 Million, and its volume surged 118.25%, amounting to $79.169 Million. Its liquidity appears to be good as well, with 85.68% coins of MOG in circulation out of the total 420.69 Trillion.

The MOG price action highlights a seamless upward trend after the consolidation period that ended by mid-February 2024.

Thereafter, the price of MOG has been following an upward parallel channel on the daily chart perfectly.

The first time the price touched the upper boundary was around March 7th, 2024, then after plummeting, the price touched the lower boundary of the wedge by April 13th.

Thereon, the price spent time accumulating from April 13th to May 13th, 2024, and after spending some time, the price of MOG spiked again from the lower boundary to the upper boundary by May 29th. After a successful two-time ATH peak, the price slumped from May 29th to June 18th, which was the lower boundary of the wedge.

The recent surge showed the price propelling from June 18th to the upper boundary of the wedge, which created a third ATH peak.

Therefore, the sustenance of this peak could stretch its gains towards higher levels. However, if the price of MOG fails to sustain, then the price could retract from the upper boundary to the lower boundary, as well.
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