MOG/USDT Bears Are in Charge

Price action in the MOG/USDT market suggests that the token’s price may decrease further. This is evident as price action has remained below all the Moving Average (MA) lines on the chart since early January. Let’s take a closer look at the market below.

MOG Statistics:

MOG Current Price: $0.000000710

Market Capitalization: $279.56M

Circulating Supply: 390.56T

Total Supply: 390.56T

CoinMarketCap Rank: 169

Key Price Levels:

Resistance: $0.000000800, $0.000000900, $0.000001000

Support: $0.000000700, $0.000000600, $0.000000500

MOG Will Likely Breach the $0.000000600 Baseline

Since early January, price candles in the MOG/USDT daily market have remained below all the MA lines on the chart. The market has steadily moved toward lower support levels, sometimes with more aggressive declines, such as in the previous session.

The ongoing session remains bearish, as indicated by the appearance of the corresponding price candle. Additionally, the Stochastic Relative Strength Index (RSI) lines are also trending slightly downward toward the 50 level, signaling the potential for further price declines.

MOG/USDT Maintains a Downward Path

Even in the MOG 4-hour market, price action has remained below all the MA lines, reinforcing the bearish trend. This consistency suggests that downward forces continue to dominate price movement.

Similar to the daily chart, the last price candle on the 4-hour chart is also bearish. However, it appears as an inverted hammer candle, which could indicate that price action is approaching a strong support level of around $0.000000700. Despite this, the overall trend still favors further downside movement, potentially pushing the market toward the $0.000000600 price level.

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