Mog Coin (MOG) ‘Buy’ Signal Appears but the Chart Tells Another Story

What if one signal says “buy” while the chart itself looks risky? That’s exactly where Mog Coin (MOG) stands right now. The MOG price has been sliding for weeks, and many holders are asking the same question: is this the bottom, or could it fall further?

A chart shared by Ali points to a TD Sequential “buy” setup flashing for MOG Coin. At the same time, the bigger picture shows the token recently broke below a key support trendline that has been holding since April. These two signals create a split view of where MOG might head next

Ali’s chart shows the daily candles of Mog Coin price forming a sharp downtrend from late July into late August. On August 29, a TD Sequential “9” printed, which many traders use as a sign that the selling momentum might be running out of steam.

@ali_charts / X

MOG price dropped from levels above $0.0000016 earlier in the summer and is now sitting closer to $0.00000087. The speed of that decline has pushed MOG into oversold territory, so a short-term bounce is on the table. The question is whether it’s a sustainable reversal or just a temporary relief move.

A Look at Mog Coin Price Action and the Trendline Story

Another chart highlights a more structural issue. Mog Coin price had been climbing along an ascending trendline since April. That line acted as strong support for nearly 4 months, cushioning every dip along the way.

MOG Price Chart

Now the MOG price has slipped below it, breaking what many saw as a safety net. Once support becomes resistance, the road gets tougher. Any buying here could be seen as a retracement unless MOG Coin can reclaim that line.

The key test will be whether the price can close back above the trendline and hold there. Until then, short-term traders may want to approach with caution since the risk of more downside remains.

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Both charts tell a different story, and together they paint a picture of tension. The TD Sequential buy signal points toward a possible bounce, suggesting MOG might be near a local bottom. The broken trendline, however, shows the broader structure has weakened.

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