$MM
/USDT (MOMOFUN) 5-Minute Chart Analysis:
MM has shown a strong intraday reversal, currently priced at $0.0035751, reflecting a +70.77% gain. The chart shows a clear breakout from the recent downtrend, with the price moving above both the 7-period MA (0.0037011) and the 25-period MA (0.0036884) ā a short-term bullish crossover indicating growing momentum.
Key Technical Highlights:
Recent low: $0.0040293 (possible double bottom formation)
Resistance levels to watch: $0.00378 and $0.00410
Support: $0.00315 (near previous resistance-turned-support)
Trading Signal (Short-Term - Intraday):
Entry: $0.00355ā0.00360
Target 1: $0.00378
Target 2: $0.00410
Stop Loss: $0.00315
Momentum is favoring the bulls for now, but watch for volume confirmation and be cautious of sharp reversals. Tight stop-losses are advised.