Mog Coin Price Prediction: MOG Plunges 12% As Traders Eye This Cat-Themed Rival That’s Burning $1M In Tokens

The
Mog
Coin
price
tumbled
over
12%
in
the
last
24
hours
to
trade
at
$0.000002195
as
of
3:49
a.m.
EST
as
investors
offload
their
holdings
in
the
meme
coin
on
the
market.

With
the
24-hour
drop
the
MOG
price
suffered,
the
altcoin’s
weekly
performance
is
now
more
than
30%
in
the
red.

Mog
Coin
Price
Resting
On
A
Key
Support

4-hour
chart
for
MOG/USD
(Source:
GeckoTerminal)

The
Mog
Coin
price
has
been
in
a
negative


sequence

over
the
last
few
days,
printing
a
series
of
lower
lows
and
lower
highs
during
this
period
and
resulting
in
the
formation
of
a
descending
price
channel.
Now,
the
meme
coin
is
resting
on
the
support
level
at
$0.000002167.
Should
it
drop
below
this
mark
in
the
next
few
hours,
MOG
might
fall
to
the
next
mark
at
$0.000001674.

This
drop
might
not
happen
if
the


Mog
Coin

price
rebounds
from
the
$0.000002167
support.
In
this
alternative
case,
the
crypto
might
try
to
break
above
the
upper
boundary
of
the
bearish
channel,
which
coincides
with
the
resistance
level
at
$0.000002554.
Closing
a
4-hour
candle
above
this
price
point
in
the
next
12
hours
could
lead
to
a
climb
to
as
high
as
$0.000003246.

Technicals
Show
Bears
Are
Still
In
Control
Of
The
Mog
Coin
Price 

From
a
technical
standpoint,
indicators
on
MOG’s
4-hour
chart
warn
the
meme
coin
might
keep
dropping
in
the
next
24
hours.
Both
the
Moving
Average
Convergence
Divergence
(MACD)
and
the
Relative
Strength
Index
(RSI)
are
flashing
bearish.

RSI
readings
have
dropped
over
the
last
few
days,
which
signal
that
bulls
have
lost
a
lot
of
strength.
With
the
current
negative
slope
of
the
RSI
line,
it
seems
bears
are
still
growing
stronger
against
bulls.
This
could
mean
that
sellers
will
exert
even
more
pressure
on
the


Mog
Coin

price
in
the
coming
24
hours. 

Momentum
currently
favors
sellers
as
well,
which
is
evidenced
by
the
MACD
line
positioning
below
the
MACD
Signal
line.
While
the
gradual
increase
in
MACD
Histogram
values
in
the
last
couple
of
hours
suggests
a
slight
weakening
in
bearish
momentum,
this
alone
likely
does
not
outweigh
the
decreasing
RSI
values
and
the
negative
price
channel.

While
the
Mog
Coin
price
tries
to
hold
onto
key
support,
investors
are
flocking
to
cat-themed
meme
coin
rival


Catslap
(SLAP)

ahead
of
its
$1
million
token
burn
later
today.
This
cut
in
supply
combined
with
the
hype
around
the
new
token
could
lead
to
a
price
surge
in
the
near
term.

SLAP’s
price
has
already
soared
more
than
3,044%
since
its
launch,
but
this
might
just
be
the
beginning,
according
to
crypto
experts.
In
a
recent
video,
popular
YouTuber
Jacob
Crypto
Bury
told
his
more
than
45.5K
subscribers
that
SLAP
has
the
potential
to
be
the
next
100X
meme
coin.

Gamers
Rush
To
Rack
Up
Slaps
On
The
Global
Slapometer

Catslap
gained
traction
through
its
viral
slapping
game,
which
allows
players
to
slap
a
variety
of
characters
including
Pepe
the
frog,
Chris
Rock,
Kamala
Harris
and
Michael
Jackson.
So
far,
more
than
1.2
billion
slaps
have
been
recorded
globally. 

Recently,
the
project’s
team
implemented
a
slap-to-earn
functionality
in
the
game
as
well,
allowing
players
to
earn
crypto
rewards
for
every
slap.
With
this
ability
to
earn,
there
is
now
speculation
that
Catslap
could
repeat
the
success
of
the
viral
clicker
game
Hamster
Kombat,
which
has
risen
to
a
market
cap
of
over
$154
million. 

SLAP
already
has
a
market
cap
of
$28.3
million,
which
means
repeating
Hamster
Kombat’s
success
could
yield
at
least
a
5X
return
as
things
stand.

SLAP
Already
Trading
On
A
Top
Crypto
Exchange

What
gives
SLAP
a
major
advantage
over
its
competitors
is
the
fact
that
it
deviated
from
the
traditional
presale
route.
Instead,
the
team
opted
to
list
the
token
on
the
open
market
from
day
one.
With
this
approach,
SLAP
does
not
stand
the
risk
of
undergoing
a
post-presale
dump.

In
addition
to
being
able
to
trade
SLAP
on
a
decentralized
exchange,
the
meme
coin
also
recently
scored
a
listing
on
the
centralized
platform
MEXC,
which
is
one
of
the
top
exchanges
in
terms
of
daily
trading
volume.
This
gives
the
token
massive
exposure
to
a
large
pool
of
traders.

The
meme
coin
has
also
partnered
with


Best
Wallet,
which
is
one
of
the
fastest
growing
and
most
innovative
crypto
wallets.
Through
this
collaboration,
Catslap
gains
access
to
over
70,000
users
and
makes
it
much
easier
for
investors
to
buy
the
meme
coin.

Purchase
SLAP
here.

Related
Articles: