$MMT just saw a significant short liquidation of $7.0277K at $0.2149, signaling a notable short-term bullish event in the market. This large squeeze indicates that traders betting against $MMT were forced to exit their positions, creating upward pressure on the price.
In the short term, support is likely to hold around $0.212–$0.214, where previous consolidation levels exist. On the upside, resistance may form near $0.218–$0.220, where sellers could step in or previous highs may act as barriers.
This liquidation could attract momentum traders looking to capitalize on the bounce, but caution is advised as sudden retracements are possible after such rapid moves. A sustained break above $0.220 could signal further bullish continuation, while a drop below $0.212 might indicate a temporary pullback.
Overall, $MMT is showing short-term bullish momentum after this liquidation, and traders should watch key support and resistance levels for the next move
MMTUSDT
Perp
0.2105
+3.33%
