$MMT is currently in a capitulation phase.
It has not yet reached accumulation levels.
The RSI is deeply oversold at 12.97, but this alone doesn't confirm a bottom without accompanying volume.
Liquidity is diminishing, with a significant drop in volume (-11.7%) and low turnover, increasing downside risk.
Market fear and rising Bitcoin dominance (58.6%) are starving altcoins.
A key Fib support level is at $0.1918. Holding this level could lead to a short-term dead-cat bounce.
Losing this support likely signals the next leg down as stop-losses are triggered.
This presents a watchlist opportunity, not a buy signal.
Focus on volume and structural confirmation, not solely on the RSI.
MMT is an exchange project similar to Meteora.
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