The markets have gained momentum as the prices of the top cryptos, Bitcoin & Ethereum, are heading towards major milestones. BTC price is rising back above $100K while ETH prices have already achieved $4000 resistance. With this, memecoins like Mog Coin (MOG), FLOKI (FLOKI), and a few more have geared up to lay down a strong rally.
MOG price is trading within a discovery phase after the token smashed a new ATH at $0.000004022, just a few moments before. The platform witnessed a massive influx of liquidity as the volume surged from levels below $100 million to over $300 million in just a few hours. The major catalyst is said to be its listing on Coinbase, attracting new traders onto the platform.
As seen in the above chart, the MOG price is reading within a discovery phase but is facing some bearish pressure after rising above 1.4 FIB at $0.0000039. On the other hand, the RSI remains stuck within the upper bands or the bullish region, testing the upper threshold and trying to enter the overbought zone. However, the levels have never entered the zone since inception and if this move materialises, then the MOG price rally could hit higher targets above $0.0000055 soon.
The FLOKI price is breaking above a crucial price level, which is believed to attract investors with huge liquidity. The token surged, forming new highs in recent times and now that the token has gained back the bullish momentum, the price is believed to surge heavily and form a new ATH in the next few days.
The FLOKI price consolidated within a narrow range for a while and as the markets entered the last few weeks of the year, the token’s volatility has increased. The Bollinger bands have contracted after a massive expansion, suggesting the volatility has dropped heavily. Besides, the MACD is about to undergo a bullish crossover as the selling pressure fades off. Therefore, the FLOKI price is believed to launch a bullish attack and for a new ATH at $0.0004 soon.
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