Date: Sun, March 16, 2025 | 03:36 PM GMT
The cryptocurrency market is showing early signs of recovery, with Bitcoin (BTC) rebounding from its weekly low of $76,000 to trade around $83,000. After months of steep corrections, memecoins like Apu Apustaja (APU) and Mog Coin (MOG), which faced significant declines, are now beginning to break out of their bearish structures.
Today, APU has gained strong momentum today, surging by an impressive 56% and breaking out of a key technical pattern. Meanwhile, MOG’s price action is hinting at a potential breakout similar to APU, positioning itself for a possible trend reversal.
Source: Coinmarketcap Apu Apustaja (APU)
APU has successfully broken out of a falling wedge pattern that had been restricting its price movement for weeks. Today the token surpassed the upper trendline of the wedge around the $0.00015 range, marking a shift in sentiment. With this breakout, APU is currently trading around $0.0000021 after reaching a local high of $0.00027.
From here, APU could either retest the breakout level for confirmation or, if bullish momentum continues, it could approach the next resistance at $0.00039. The 100-day moving average (MA) is also positioned around this zone, meaning that a move beyond this level could trigger further upside potential.
Mog Coin (MOG)
MOG has been following a similar trajectory to APU, trading inside a falling wedge pattern since its rejection from the $0.0000039 high on December 8. The token recently rebounded from a low of $0.0000040 and is now testing the upper resistance of the wedge around $0.00000044.
If MOG confirms a breakout with a successful retest, its next resistance zone sits near $0.00000085, where the 50-day moving average could act as a barrier.
A strong move beyond this region could pave the way for a rally toward $0.0000014 and the 100-day MA.
Final Thoughts
APU’s breakout has set the stage for a bullish continuation, while MOG is now at a critical decision point. If MOG follows a similar trajectory, traders could witness significant gains in the coming days. As always, market participants should closely monitor price action, volume confirmation, and macroeconomic developments before making investment decisions.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before investing in cryptocurrencies.
