Mog Coin Rallies 99% in 7 Days as Bulls Eye $0.0000013

Key insights

• Mog Coin rallies to hit a four month high

• Short term investors are aggressively taking profits

Mog Coin Hits Four Months High

Mog coin [Mog] has broken out of a 4-month downtrend. After rallying to $0.000004 in December 2024, Mog coin faced massive selling pressure, resulting in a multi-month downtrend.

Since then, the memecoin has declined to a recent low of $0.00000027. However, over the last five days, Mog has witnessed a bullish reversal. After Bitcoin and the whole crypto market recovered, the Mog coin has turned out to be a big winner.

MOG Coin demonstrates a notable upward trend, surging by 12.90% to a price of 0.0000011584 USD, marking a significant recovery after a period of decline.

During the past days, the memecoin prices have risen for six consecutive days from $0.00000053 to a four-month high of $0.00000118. The last time the memecoin reached these levels was in early January 2025.

These gains show the rising interest and demand for the memecoin among holders, investors, and especially speculative buyers.

Currently, Mog is trading at $0.0000011509 after rallying by 12.9% over the last 24 hours. Also, the memecoin has recorded a 99% increase over the past 7 days.

These gains reflect strong upward momentum with bulls attempting to reclaim higher resistance levels.

However, market players are wondering if the uptrend and gains recorded are sustainable. One of the most worrying trends is surging profit realization in the spot market. Data shows that investors and holders who have held Mog coin since February at a loss are now sitting in profit. These investors are selling when we look at spot netflow.

Mog coin records significant exchange inflow depicting aggressive profit taking from investors

Data shows that exchanges are recording more inflows than outflows. With sellers getting into profit-taking, it risks a decline. As of now, the uptrend seems strong, and the memecoin could surge to $0.0000013 before a correction. Equally, with holders realizing profit, if they continue with the drop, the memecoin could dip once again.