Solana meme coins have been on a positive surge in 2024 ever since Solana started pumping. While dogwifhat (WIF) and Bonk have enjoyed their surge, another SOL-based meme coin is pumping.
The Mog Coin (MOG) price surged by as much as 20% and touched $0.0000002073. The coin has now pulled back to the $0.00000018 level.
MOG Approaching the Billion-Dollar Milestone
As the MOG price is surging, speculation of it hitting $1 billion is also rising. This would place MOG on the list of top meme coins.
Cryptocurrency analyst Altcoin Miyagi has provided insightful technical analysis on MOG’s recent price action and future potential:
Following a substantial selloff, MOG demonstrated resilience by finding solid support at the bottom of its trading range. This support acted as a springboard, propelling the token back to its all-time high (ATH) levels.
MOG has been setting new all-time highs with remarkable consistency, achieving this feat in three out of the last four days. This pattern of consistent highs is often interpreted as a strong bullish signal.
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Show more +For traders looking to enter or add to their positions, Altcoin Miyagi suggests watching for a retracement. A key level to monitor is a line that has acted as both support and resistance in the past, potentially offering an attractive entry point for investors.
While the $1 billion market cap seems within reach, Altcoin Miyagi and other market observers are speculating on how far MOG’s price could ultimately go. The token’s consistent performance and ability to set new ATHs regularly have sparked discussions about its long-term potential in the meme coin space.
Read more: Here’s Why Ethereum Name Service (ENS) Price Is Pumping
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