Momentum Price Prediction: MMT Gains 64% Weekly as Open Interest Hits Record High
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Crypto token Momentum (MMT) surged 51.19% in 24 hours to about $0.2931 and is up 63.98% on the week, with trading volume reaching $102.6 million as it recovers from a $0.18 consolidation and approaches $0.3036 resistance. Open interest hit $44.7 million indicating rising derivatives trader conviction while spot inflows remain modest, suggesting the rally is driven more by leveraged trading than broad spot accumulation.
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- MMT jumps 51% daily as buyers push price toward the $0.3036 resistance zone.
- Open interest reaches $44.7M, signaling rising trader participation and conviction.
- Spot inflows remain modest, suggesting cautious accumulation despite strong momentum.
Momentum (MMT) has extended its bullish run, gaining investor attention after a sharp breakout pushed the token above technical levels. The token trades around $0.2931 after rising 51.19% over the past 24 hours.
MMT also recorded a 63.98% weekly increase, highlighting strong short-term demand. Besides, trading volume reached $102.6 million as buyers increased their market activity. The current rally reflects renewed confidence as MMT approaches critical resistance zones.
MMT Rally Gains Strength After Breakout
The MMT/USDT four-hour chart shows a powerful recovery from the $0.18 consolidation range. Buyers maintaine…
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