MonaCoin, Japan's "Doge," is creating a higher support level. Potential breakout above 0.003 BTC

Japan has its own popular meme coin such as DOGE, but instead of a dog character it went with a cat-like ASCII Art character, called Mona. That's how the MonaCoin was born. It has a rather solid three-year history, so it probably won't disappear overnight. Now on to the technical analysis.

On the 1D chart we can see strong support and resistance trend lines, but the bulls seem to be turning the resistance line into a support line now.

Looking at the 1H chart, we also see an upwards trend that should soon reach the 0.003 BTC price level. That's the moment to watch what happens to the price. If it breaks above the 0.003 BTC level, the price should continue to surge up for significant profit-taking.

A couple of things to confirm that the price would be moving up is the rise in price volume trend, confirming existing (bullish) trend, as well as a cup and handle pattern forming.

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