• The price of Mog Coin surged by 31% and reached a new all-time high of $0.000004022.
• The 30% hike pushed Mog Coin’s market capitalization to over $1 billion.

As Bitcoin (BTC) touches the targeted $100K zone, the bullish momentum in the cryptocurrency market has sparked significant gains for altcoins and memecoins alike. Among the standouts is Mog Coin (MOG), which has surged to a new all-time high (ATH), riding the wave of optimism sweeping the market.

Mog Coin made headlines today as its price climbed over 31%, reaching a record-breaking $0.000004022 and propelling its market cap to $1.48 billion. The surge has pushed MOG into the top 100 cryptocurrencies, currently ranked 93rd, a significant milestone for the meme-inspired token. At the time of writing, MOG is trading at $0.000003838, maintaining strong gains over the past 24 hours.

Can Mog Coin Sustain Its Upward Trend?

Data from CoinMarketCap reveals a spike in interest for MOG, with trading volumes skyrocketing by more than 250% in a single day. Meanwhile, Coinglass reports a 53% increase in open interest, now standing at $2.13 million, indicating a bullish sentiment among traders.

The upward momentum reflects the growing enthusiasm for memecoins, which continue to thrive on community support and social media buzz. Mog Coin’s performance also comes as other memecoins, such as Bonk and BRETT, achieved their own all-time highs this week. This trend showcases the broader trend of retail-driven rallies.

On the technical front, the MOG/USDT 4-hour chart highlights strong market activity. An RSI of 73 suggests the coin is in overbought territory, often signaling potential consolidation or corrections. However, the CMF value of 0.26 points to significant buying pressure with buyers in control, reinforcing the bullish trend.

As Mog Coin continues to gain traction, the question remains: Will this rally extend further, or is a cooldown imminent? For detailed price forecasts and analysis, TheNewsCrypto’s Mog Coin price prediction.