The Mog Coin price surged 13% in the last 24 hours to trade at $0.000001885 as of 03:47 a.m. EST on trading volume that plummeted 35% to $30 million.
This comes despite PeckShieldAlert reporting a major altcoin phishing incident that resulted in substantial losses in $MOG and $BASED.
The theft resulted in the theft of 82 billion $MOG tokens from the Ethereum network worth approximately $140,000. About 1.7 million $BASED tokens worth around $10,000 were stolen from the Base network.
Mog Coin Price To Continue Its Surge Over Its Resistance
Mog Coin Price Chart Analysis Source: GeckoTerminal.com
The Mog Coin has been on a downtrend in the past week but found its support around $0.00000160, according to data from GeckoTerminal . Price fluctuations within this level led to the formation of a double bottom pattern, which then encouraged the bulls to push the token up.
MOG trades above the 50-day Simple Moving Average (SMA), which confirms the bullish momentum in the short term. If the bullish stance is sustained, MOG could soar past the 200-day SMA at $0.000001903, which acts as the immediate resistance zone.
Moreover, the Relative Strength Index (RSI) shows that the asset is under intense buying pressure, currently trading at 67 and closing in on the 70-overbought region.
The Moving Average Convergence Divergence (MACD) is also bullish, with the MACD closing above the neutral line. The blue MACD line also crosses above the orange neutral line, forming a bullish crossover as the bulls add to their buying positions.
According to the Mog Coin price analysis, the price of Mog Coin could soar above the current price to target $0.000002107 as the bulls capitalize on the double-bottom pattern to rally the token.
However, if the bears stage a trend reversal, with the token being overvalued, the price could retrace back to $0.000001729, which coincides with the 50-day Simple Moving Average (SMA).
While some investors pump up the Mog price, others are rushing to buy a new GameFi token on Solana called Mega Dice (DICE) , which has amassed over $1.6 million in early funding in its presale.
Is Mega Dice The Next 100X Crypto?
DICE is the native token for Mega Dice Casino, a crypto casino and gaming platform that has over 11,000 monthly users who lock in more than $50 million in bets.
Users on the platform also enjoy over 4,000 casino games and have access to over 50 sports and eSports betting options.
Token holders can also earn rewards through staking, receiving daily payouts based on the casino’s profits. Mega Dice also offers NFTs for VIP players and a 25% referral commission to further drive engagement and participation on the platform.
According to 99Bitcoins, a prominent crypto channel on YouTube with more than 706k subscribers, $DICE has the potential to surge 100X after its launch.
To join the presale, you can buy $DICE on the official website here for $0.100254 per token using BNB, ETH, or SOL. You can also earn 10% on any purchases made by investors you refer.
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