$MM (MOMOFUN) 📉 Market Update – Clean & Simple
#MM is currently trading at $0.0001645, down -1.98%, showing continued weakness after a strong sell-off earlier. Price remains under pressure with no clear recovery signal yet.
Market Structure:
Price is trading below MA(7) and MA(25), confirming short-term bearish control. Being far below MA(99) highlights overall trend weakness.
Support Zone:
0.000150 – 0.000145
Resistance Zone:
0.000170 – 0.000185
Trend Outlook:
As long as price stays below 0.000170, upside moves may face rejection. If 0.000150 fails to hold, further downside is possible. Volume is low, suggesting lack of strong buying interest.
Conclusion:
MM is still in a bearish phase. A safer strategy is to wait for consolidation or a clear trend reversal before considering any long entries.
