Mog Coin (MOG) price has struggled to sustain significant gains despite Coinbase tweeting that it added MOG to its listing roadmap. While the announcement briefly boosted momentum, MOG’s reaction has been far more subdued compared to other coins like Moodeng.
The EMA lines now show a bearish signal, with short-term lines crossing below long-term ones, raising the possibility of further declines to support zones. Unless buying interest picks up, MOG may continue to face challenges, though a reversal could see it test resistance.
MOG Trend Is Getting Stronger
MOG ADX has surged to 29.4, climbing from under 15 just two days ago. This sharp increase followed Coinbase’s announcement of adding MOG to its listing roadmap, signaling a significant rise in trend strength.
The current level indicates that MOG has transitioned from a weak or unnoticeable trend to a strong one, driven by heightened market activity and investor attention.
The ADX (Average Directional Index) measures the strength of a trend, regardless of its direction. Values below 25 indicate a weak or consolidating market, while those above 25 suggest a strong trend.
MOG ADX at 29.4 suggests the start of a strong trend, likely fueled by the Coinbase listing news. If this momentum continues, it could lead to further price movement as traders capitalize on the growing interest.
Mog Coin RSI Shows a Neutral Zone
MOG’s RSI has dropped to 45, down from 55 yesterday, following a surge from 35 driven by Coinbase’s announcement of adding MOG to its listing roadmap.
This decline reflects a cooling off in buying momentum after the initial excitement, placing the RSI in neutral territory where neither buyers nor sellers hold a decisive advantage.
Go to Source to See Full Article
Author: Tiago Amaral
