$MMT
$MMT/USDT Analysis: Bullish Momentum Testing Resistance! 🚀
Market Update:
MMT is showing strong bullish price action on the 1-hour chart, currently trading around 0.2582 (+1.73%). The price has broken above the upper Bollinger Band, signaling high volatility and buying pressure.
Technical Breakdown:
MACD: We see a clear bullish crossover with rising green histograms, confirming the upward trend.
RSI (10): Currently at 74, indicating the asset is in the Overbought zone. A small cooling-off period or minor correction is possible before the next leg up.
Trend: The price is holding well above the Moving Averages, showing a solid short-term recovery from the 0.2406 bottom.
Key Levels to Watch:
🎯 Target/Resistance: $0.2600 — $0.2625 (Breaking this could lead to a massive pump).
🛡️ Support: $0.2478 (Middle Bollinger Band) and $0.2406 (Strong Support).
Trading Strategy:
Wait for a potential retest of the $0.2480 - $0.2500 area for a safer entry, or watch for a daily close above $0.2600 to confirm the breakout. Always manage your risk!
What do you think? Is MMT heading to $0.30 next? Let me know in the comments! 👇
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