Analyzing the odds of Mog Coin’s price recovery after its 49% drawdown

Mog Coin bulls made significant strides higher on Monday.

• Mog Coin saw a sharp retracement that began in late May – A 49% drawdown in two weeks
• Token had begun to recover at press time, despite slow demand

Mog Coin [MOG] saw a trading volume of 3.2 trillion MOG tokens, worth just over $3 million, on Monday. This was a nearly fivefold increase in volume, compared to Sunday. The strong surge in volume helped boost the memecoin convincingly above the local resistance at $0.000001 on the charts.