Mog Coin (MOG), a meme token that once seemed destined for irrelevance, is now making headlines with a stunning price rebound.
Indeed, following a peak in early December, the asset experienced a stark decline, shedding approximately 93% of its value. A harrowing descent, to say the least.
However, the narrative surrounding MOG has taken a dramatic turn. We are currently witnessing explosive price action, a resurgence that demands our attention.
Let’s dissect the factors contributing to the previous slump and, more importantly, explore the current bullish momentum, potential price targets, and strategic trading approaches.
MOG Price Analysis
In December 2024, MOG hit an all-time high with a market cap of around $1.5 billion. But soon after, the price crashed, falling to approximately $78 million in market cap.
That 93% drawdown led many to believe MOG had reached its end. For months, the token struggled as interest waned and investors shifted focus elsewhere.
Now, MOG is flipping the script. Over the past 24 hours, the token has jumped 40%. That rally extends to a 100% gain over the past week.
Source – Cryptonews YouTube Channel
On a monthly scale, the growth looks even more dramatic: a 164% surge. Anyone who used dollar-cost averaging during the downturn has now seen more than a 2.5x return.
While the year-to-date numbers show a 90% gain, the backdrop of the previous crash and the ongoing rebound adds crucial context. MOG now holds a $1.5 billion market cap again, signaling a return to peak levels and underscoring the strength of this comeback.
The next target sits near the previous support zone around $270 million in market cap. Reclaiming that level could open the door to further upside.
Growth potential remains strong, and a move back toward the $500 million to $1 billion range in this phase of the crypto cycle looks increasingly likely.
MOG Price Prediction
The MOG chart shows clear drivers behind the recent surge. The explosive growth has hit resistance at the 200-day Exponential Moving Average (EMA) on the daily chart.
This often signals a possible rejection, but the intensity of any pullback—especially for a meme coin—demands close attention. Price action will likely stick to an upward trendline.
The recent breakout points to potential further gains, although a pullback to test the 7-day Simple Moving Average (SMA), and possibly the 21-day SMA, seems likely before another push to break through the 200-day EMA. During strong uptrends, the ascending 7-day SMA often provides dynamic support.
Since the low on April 8th, MOG has delivered substantial gains. Traders should stay alert for sharp corrections. The chart shows a previous all-time high at $1.5 billion—a level MOG already hit once. During the intense market downturn of 2024, MOG held strong and maintained its structure.
If the current trend matches the rally from September to December 2024, the price could soon challenge the all-time high. A successful reclaim and hold above that level could push MOG toward a $2 billion market cap.
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