Meme Coins Rising: SHIB and MOG Set for Moonvember Rally?

Share This Post

SHIB and MOG

The post Meme Coins Rising: SHIB and MOG Set for Moonvember Rally? appeared first on Coinpedia Fintech News

The crypto market is experiencing volatility amid the US elections. The BTC price is back to $68k as the FUD surges. Under such conditions, SHIB and MOG are rising against the bearish tide, with intraday gains teasing the continuation of the uptrend. 

With a golden crossover in SHIB and MOG ready for a bullish comeback, is it the best time to buy meme coins? Find out now in Coinpedia’s SHIB and MOG price analysis anticipating a Moonvember rally.

Mogcoin (MOG) Ready For Cup and Handle Breakout Rally?

Despite the bullish failure to give a rounding bottom breakout rally, the underlying bullish support in MOG Coin is teasing a Cup and Handle pattern formation. The bullish failure to surpass the $0.000002354 mark led to a pullback to the 50-day EMA near $0.000001631. 

MOG price chart

Tradingview

This has created a double bottom pattern, with the dynamic average line as the baseline. The neckline for the double bottom stands at the $0.0000020 psychological mark. 

With an intraday gain of 6.13%, MOG Coin computes an Evening Star pattern near the 50-day EMA. This increases the possibility of a bullish reversal. Furthermore, it increases the credibility of the double bottom pattern. 

Currently, it is trading at $0.000001814, above the 78.60% Fibonacci level. Furthermore, supporting the bullish comeback chances, the MACD and Signal lines reveal an uptick and tease a positive crossover as the bearish histograms decline. 

Based on the Fibonacci levels, the uptrend double-bottom breakout rally will likely surpass the neckline at the 100% Fibonacci level at $0.000002354. Based on the Fibonacci levels, the uptrend will likely reach the 1.618 Fibonacci level at $0.0000049. 

Hence, the possibility of MOG Coin reaching the $0.0000050 psychological mark will significantly increase with the Cup and Handle Breakout Rally. The price target shows an upside of 175% from the current market price.

Morning Star Brings Double Bottom for Shiba Inu?

With the Falling Channel Breakout Rally struggling to gain momentum, the SHIB price consolidates near the 23.60% Fibonacci level. Due to the consolidation, the 50-day and 200-day EMAs have merged and are struggling to give a golden crossover. 

SHIB price chart

TradingView

However, the recent Morningstar pattern with an intraday gain of 2.49% teases a bullish comeback. This also increases the possibility of a double-bottom reversal. The daily RSI line shows a bullish divergence, supporting the double-bottom reversal and increasing the upside chances. 

Considering the broader market recovers, the SHIB price will likely challenge the 50% Fibonacci level for a breakout rally. Considering that the Moonvember rally will propel the Shiba Inu price higher, the bull run could reach the 100% Fibonacci level at $0.00003591.

Hence, despite the short-term selling in the broader market, SHIB and MOG price analysis reveals a massive upside for the meme coins. 

Also read: Shiba Inu price prediction 2024-2030.

FAQs

Will the MOG Coin price reach $0.0000050?

If the broader market continues to head higher, the $0.000002354 breakout will likely push the MOG coin to $0.0000050.

Will Shiba Inu Reclaim $0.000020?

As the meme coin prepares for trend reversal, it should reclaim the $0.000020 mark before the end of 2024. 

What’s the downside risk in Shiba Inu?

Based on the current price action, a breakdown below $0.00001633 will test the $0.000015 mark, a ~13% from the current market price. 

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Peter Schiff: Bitcoin Could Crash Below $65K if Nasdaq Enters a Bear Market

Bitcoin faces a steep decline if the Nasdaq downturn deepens, warns Peter Schiff, predicting a wave of panic selling that could shake investor confidence and destabilize markets Peter Schiff Predicts

SEC vs Ripple: How Lawsuit Over XRP Could Wrap up in Days

A legal expert has outlined how the SEC’s lawsuit against Ripple over XRP could end within days, but a major hurdle—navigating the court’s injunction—may complicate the

Is The Bitcoin Cycle Peak In? Historical Halving Data Suggests Upside Potential Into Late 2025

Bitcoin is now down over 29% from its all-time high (ATH) in January, and speculation about a coming bear market is growing among investors After weeks of heavy selling pressure, Bitcoin has entered

France central bank governor says Trump is “sowing the seeds of future upheavals” by supporting crypto

Francois Villeroy de Galhau, the governor of Banque de France and the European Central Bank Governing Council’s member, believes US president Donald Trump is making a huge mistake by supporting

640,000 Chainlink (LINK) Withdrawn From Exchanges In 24 Hours – Bullish Accumulation?

Chainlink (LINK) is currently trading below crucial resistance levels, which could trigger a strong rally if bulls manage to reclaim them However, volatility and uncertainty have dominated the market

To Sell or Not to Sell: Redditors Debate Bitcoin’s Million-Dollar Moment

A Reddit thread exploring whether bitcoin holders would sell at $1 million reveals a divided yet pragmatic community weighing financial goals, inflation risks, and long-term faith in the leading