The chart's setup is looking bullish, and we could be on the verge of another big move. Here's the breakdown.
📈 Price Action and Patterns:
The chart shows a classic bull flag formation, a continuation pattern indicating the potential for further upside. After a massive 1,629% measured move, MOG broke out of the flag and is currently retesting the breakout level. This retest is crucial—if the price holds, we could see another leg up.
🔑 Key Fibonacci Levels:
We're focusing on the Fibonacci extension levels for our next targets:
211.3% extension at 0.00000010 ETH 265.0% extension at 0.00000039 ETH
The 165% target has already been hit, so our eyes are set on the next levels.
📊 Volume and Momentum:
Volume has been steady, supporting the current uptrend. We're seeing increased interest and activity around MOG, which is a bullish sign.
💬 Market Sentiment: The MOG community is buzzing, with a lot of enthusiasm and positive sentiment. This meme-powered coin is riding the wave of viral content and community-driven hype. With Ethereum's recent bullish trend, the gains in USD terms could be even more significant.
💡 Final Thoughts: Stay vigilant and watch those key levels. If we maintain the current support and break through resistance, MOG is poised for another explosive move.