Date: Sun, June 29, 2025 | 03:50 AM GMT
The cryptocurrency market is witnessing a steady recovery as geopolitical tensions between Israel and Iran begin to ease. Ethereum (ETH) has led the rebound, rising sharply from its recent low of $2,113 to hover near $2,425. Riding this renewed momentum, memecoins are catching fire again—among them, Mog Coin (MOG) is gaining attention.
$MOG is currently up by an impressive 23%, but more notably, a newly emerging fractal pattern suggests this might just be the beginning of a bigger move.
Source: Coinmarketcap
MOG Mirrors PENGU’s Breakout Setup
A side-by-side comparison on the 4-hour chart reveals a striking similarity between PENGU’s recent breakout rally and MOG’s current setup.
PENGU recently broke out from its descending wedge pattern, reclaiming both the 100-day and 200-day moving averages. That breakout triggered a sharp 48% rally in just a short span.
PENGU and MOG Fractal Chart/Coinsprobe (Source: Tradingview)
MOG now appears to be mirroring this exact sequence. The coin is currently testing the resistance of its falling wedge while hovering just under the 100-day moving average—precisely the stage PENGU was in before its breakout. This resemblance hints at a classic fractal formation, suggesting that MOG may be next in line for a significant upside move.
What’s Next for MOG?
If MOG breaks above the wedge resistance and the 100-day MA, it could quickly aim for the 200-day MA as the next key level. A confirmed move above that could pave the way toward the $0.0000012 mark—MOG’s next major resistance level—translating to a potential 37% upside from current levels.
However, if MOG fails to hold the critical support at $0.00000086, the bullish fractal could break down, opening the door to further downside or a longer consolidation phase before any breakout attempt resumes.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
