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The Mog Coin value tumbled over 12% within the final 24 hours to commerce at $0.000002195 as of three:49 a.m. EST as buyers offload their holdings within the meme coin available on the market.
With the 24-hour drop the MOG value suffered, the altcoin’s weekly efficiency is now greater than 30% within the crimson.
Mog Coin Value Resting On A Key Assist
4-hour chart for MOG/USD (Supply: GeckoTerminal)
The Mog Coin value has been in a damaging sequence over the previous couple of days, printing a sequence of decrease lows and decrease highs throughout this era and ensuing within the formation of a descending value channel. Now, the meme coin is resting on the help stage at $0.000002167. Ought to it drop beneath this mark within the subsequent few hours, MOG may fall to the following mark at $0.000001674.
This drop won’t occur if the Mog Coin value rebounds from the $0.000002167 help. On this various case, the crypto may attempt to break above the higher boundary of the bearish channel, which coincides with the resistance stage at $0.000002554. Closing a 4-hour candle above this value level within the subsequent 12 hours might result in a climb to as excessive as $0.000003246.
Technicals Present Bears Are Nonetheless In Management Of The Mog Coin Value
From a technical standpoint, indicators on MOG’s 4-hour chart warn the meme coin may hold dropping within the subsequent 24 hours. Each the Transferring Common Convergence Divergence (MACD) and the Relative Power Index (RSI) are flashing bearish.
RSI readings have dropped over the previous couple of days, which sign that bulls have misplaced a whole lot of power. With the present damaging slope of the RSI line, it appears bears are nonetheless rising stronger towards bulls. This might imply that sellers will exert much more strain on the Mog Coin value within the coming 24 hours.
Momentum at the moment favors sellers as effectively, which is evidenced by the MACD line positioning beneath the MACD Sign line. Whereas the gradual enhance in MACD Histogram values within the final couple of hours suggests a slight weakening in bearish momentum, this alone doubtless doesn’t outweigh the reducing RSI values and the damaging value channel.
Whereas the Mog Coin value tries to carry onto key help, buyers are flocking to cat-themed meme coin rival Catslap (SLAP) forward of its $1 million token burn later right now. This minimize in provide mixed with the hype across the new token might result in a value surge within the close to time period.
SLAP’s value has already soared greater than 3,044% since its launch, however this may simply be the start, in keeping with crypto specialists. In a current video, fashionable YouTuber Jacob Crypto Bury instructed his greater than 45.5K subscribers that SLAP has the potential to be the following 100X meme coin.
Avid gamers Rush To Rack Up Slaps On The International Slapometer
Catslap gained traction by way of its viral slapping sport, which permits gamers to slap a wide range of characters together with Pepe the frog, Chris Rock, Kamala Harris and Michael Jackson. Thus far, greater than 1.2 billion slaps have been recorded globally.
Lately, the mission’s workforce applied a slap-to-earn performance within the sport as effectively, permitting gamers to earn crypto rewards for each slap. With this skill to earn, there may be now hypothesis that Catslap might repeat the success of the viral clicker sport Hamster Kombat, which has risen to a market cap of over $154 million.
SLAP already has a market cap of $28.3 million, which implies repeating Hamster Kombat’s success might yield not less than a 5X return as issues stand.
SLAP Already Buying and selling On A High Crypto Trade
What provides SLAP a significant benefit over its opponents is the truth that it deviated from the standard presale route. As a substitute, the workforce opted to record the token on the open market from day one. With this method, SLAP doesn’t stand the chance of present process a post-presale dump.
Along with having the ability to commerce SLAP on a decentralized change, the meme coin additionally lately scored an inventory on the centralized platform MEXC, which is likely one of the prime exchanges by way of every day buying and selling quantity. This offers the token huge publicity to a big pool of merchants.
The meme coin has additionally partnered with Finest Pockets, which is likely one of the quickest rising and most progressive crypto wallets. By this collaboration, Catslap positive factors entry to over 70,000 customers and makes it a lot simpler for buyers to purchase the meme coin.
Buy SLAP right here.
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Catslap (SLAP) – New Cat Meme Coin On Ethereum
- Listed on MEXC
- Featured on Cointelegraph
- Trending on CoinGecko, DEXTools
- 10,000+ Holders
- Slap To Earn Utility
- Token Burns
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