- $MOG has broken its major daily trendline, entering a consolidation pattern that forms a bear flag signaling potential further downside.
- CryptoPulse identified $0.00000086 as the critical breakdown level, with a projected target zone of $0.00000051–55 for support.
- Invalidation occurs if $MOG reclaims $0.00000115, where buyers could regain control and potentially trigger a bullish move against short positions.
$MOG is showing technical weakness after breaking its long-term daily trendline. Current patterns indicate a possible continuation to the downside unless the token reclaims key resistance levels.
Breakdown From Long-Term Trendline
CryptoPulse shared an update noting that $MOG has fallen below its major daily trendline, which had held since Q2–Q3. The trendline breakdown indicates buyers failed to defend an important structure, leaving the market in a fragile state.
Following this move, the token is now trading in a consolidation pattern. According to the analysis, this structure resembles a rising channel, commonly interpreted as a bear flag in technical trading terms. Bear flags usually suggest further weakness if confirmed with a breakdown.
The chart also stated that confirmation of the bearish structure would occur if price falls below $0.00000086. If this happens, the measured move projects a target around $0.00000051–$0.00000055.
Support and Invalidation Levels
The support zone between $0.00000051 and $0.00000055 serves as the key downside target in the current outlook. CryptoPulse emphasized this level as the probable destination if the bear flag breaks down. The area represents a potential 45% correction from current trading levels.
Despite the bearish structure, there is a defined invalidation level. The analysis identified $0.00000115 as the price needed to reclaim the major trendline. Recovery above this point could weaken the bearish outlook and restore buyer confidence.
This invalidation area also marks the level where short positions could be trapped. A sharp move above the former trendline may trigger a squeeze, providing temporary bullish momentum in an otherwise weak structure.
Outlook for Q4 Performance
The analysis explained that the Q4 outlook for $MOG depends heavily on broader market conditions, including Bitcoin and Ethereum stability. Relief rallies in larger assets could provide temporary support for altcoins like $MOG.
However, the chart structure remains cautious at present. As long as $MOG remains below the broken trendline, the market structure points toward a bearish continuation. The base case still favors a correction into the support zone before any rebound.
CryptoPulse concluded that without a reclaim of $0.00000115, the probability favors further downside. For now, traders are urged to monitor price levels closely as caution remains the prevailing stance.
