On the 4H timeframe, $MMT is showing a short-term bullish structure. Price is trading around 0.2287, holding above the MA(7) and MA(25), while also staying well above MA(99). This alignment confirms a healthy upward trend.
Higher lows are clearly formed, indicating sustained buying pressure. The RSI (14) near 64 suggests strong momentum but not yet in extreme overbought territory, leaving room for continuation. However, the recent rejection near 0.237–0.240 signals a local resistance zone that bulls need to break with volume.
From a 4H support–resistance perspective, immediate support lies around 0.219–0.222, aligned with short-term moving averages. As long as price holds above this zone, bullish continuation toward 0.245–0.255 remains technically valid. A breakdown below 0.216 would weaken the bullish bias and open room for consolidation.
On the 1D timeframe, the broader trend is still in recovery mode after a prolonged downtrend from the 0.53 peak. Price has rebounded strongly from the 0.177 low, forming a rounded bottom structure. This indicates accumulation rather than a dead-cat bounce.
The daily RSI previously dipped near 26 (oversold) and is now recovering, a classic early signal of trend reversal. While #MMT is still below major long-term resistance, holding above 0.21 keeps the medium-term outlook constructive. A confirmed daily close above 0.24–0.25 would significantly strengthen the bullish reversal scenario.
#MomentumStrategies #technical_analysis #momentum
