$MMT
/USDT is fighting through a heavy, emotional session where recovery attempts are cautious and fragile. Price is currently trading around 0.2077, up 2.67% intraday, but this bounce comes after a deep shakeout that clearly tested market confidence.
The move tells a clear story. MMT was aggressively sold after failing near the 24h high at 0.2444, triggering a sustained downtrend. Selling pressure pushed price all the way to the 0.2008–0.2055 zone, where buyers finally stepped in and stopped the slide. That level is now the most important short-term support holding the structure together.
Technically, the market is still under pressure. Price is sitting below the 25-MA (0.2113) and 99-MA (0.2133), showing that the broader trend remains bearish, even though it is hovering near the 7-MA (0.2082), signaling short-term stabilization. Momentum is weak, but no longer panicked.
Volume is elevated with 73.79M MMT traded, confirming that this move is driven by real activity, not thin liquidity. The order book shows a slight buyer edge with 54.46% bids vs 45.54% asks, suggesting cautious accumulation rather than aggressive buying.
Despite today’s bounce, the damage is visible — down 9.85% today, 7.15% over 7 days, and a steep 52.59% over the month. For sentiment to shift, MMT must reclaim 0.212–0.215 with strength. Failure here keeps the risk of another pullback toward 0.205–0.200 alive. This is a market trying to stand back up after a hard fall, where patience matters more than speed.