$MMT /USDT – Bullish Reversal Setup: Hammer Bounce Off Key Support Signals Bottom
Technical analysis (4H–1D timeframe):
$MMT (Momentum) is showing classic reversal signs after a sharp multi-week downtrend from ATH ~$4.50 (Nov 4, 2025) to recent lows. The chart reveals a textbook hammer candle at 0.2979 (24h low), rejecting further downside with a long lower wick and strong close +1.84% at 0.4162. This follows heavy distribution, but today's +6.1% intraday pump on elevated volume (399.25M MMT / $166.04M USDT) indicates buyer exhaustion of sellers.
Key observations:
- Price held and bounced from 0.30 demand zone (0.618 Fib retracement + prior range low)
- Bullish engulfing pattern emerging on 4H, with green volume > red
- RSI (14) climbing from oversold ~25 to neutral 45 – room for upside without divergence
- Broke above 20-period EMA (0.40) for first time in days, flipping short-term bias
- DeFi sector tailwinds (Sui ecosystem + CLMM liquidity upgrades) adding fundamental fuel
Capitulation complete – momentum shifting to bulls.
### Bullish Trade Setup (Long Bias)
**Pair:**
$MMT /USDT
**Direction:** LONG
**Entry range:** 0.4100 – 0.4200 (current consolidation or shallow pullback to EMA)
**Target 1:** 0.4800 – 0.5000 (+15–20%, quick retest of 24h high 0.5390)
**Target 2:** 0.5800 – 0.6000 (+40%, 0.382 Fib + prior resistance)
**Target 3 (extension):** 0.7000 – 0.7500 (+70–80%, measured move + supply zone)
**Stop Loss (SL):** 0.3950 (below hammer low + buffer, invalidates bounce)
**Risk/Reward:** 1:4+ on scaled targets
### Short-Term Market Outlook (1–7 days)
Bullish control likely if 0.40 holds – expect retest of 0.50 this week on continued DeFi hype and volume spikes. Break above 0.53 confirms full reversal toward 0.65+; watch for BTC correlation. Low-risk entry for Sui gems like
$MMT amid broader recovery.
Ape responsibly, DYOR – this one's got legs! 🚀
#MMT #MomentumDeFi #BullishReversal #SuiEcosystem #BinanceTrades