🔸️MMT🔸️
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👈👈👈The price of Momentum (MMT) has decreased by 3.82% over the past 24 hours, lagging behind the overall performance of the cryptocurrency market (-2.41%). This decline is an extension of a downward trend that has lasted for 7 days (-12.59%) and 30 days (-40.02%). Key factors:
🔶️Bearish market sentiment - The Fear and Greed Index in the cryptocurrency market is at 25 ("Fear"), and the dominance of Bitcoin is high (+59.15%), indicating a risk-averse state.
🔶️Weak technical structure - The price being below the major moving averages (0.201 USD for the 7-day simple moving average) and the Relative Strength Index (RSI) in the oversold region (14.49) suggests continued bearish momentum.
🔶️Post-listing volatility - Recent listings on trading platforms (Binance, OKEx) may have led to profit-taking after the initial hype has waned.
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