Memecoin: A Modest $60 Trade in Mumu on SolanaMemecoin: A Modest $60 Trade in Mumu on Solana
➖ Bitcoin is growing slowly for now, and today I noticed that altcoins and memecoins have become more active.
➖ I decided to try investing a modest $60 in the memecoin Mumu, which has the potential for a +120% move.
➖ I'm not expecting massive gains; the lows have closed higher, similar to October 2024, with a move toward 161.8% on the Fibonacci retracement. I opened a trade on Solana.
Mumu
Mumu On AirThis chart displays a symmetrical triangle pattern on the MUMU/USDT trading pair. The price action shows tightening between ascending support and descending resistance, often signaling potential breakout momentum. The bullish bias is evident with higher lows, suggesting buyers gaining control. A breakout above the resistance line could trigger significant upside momentum.
MUMU #meme #cryptoThis chart highlights a bullish trend with higher lows , reinforcing an ascending channel structure. Blue arrows point to successful support retests, confirming a strong uptrend. The potential target is marked by the resistance line, projecting an 89.90% price increase. Current conditions favor further upward momentum within the channel.
MUMU the bull on the moveLike most of these memecoins MUMU is finding it self at the bottom of the range with the RSI about to reset. MUMU could be finding support at $0.00003500 before starting it's next leg up. MUMU is looking mainly bullish however it's success will be tied to Solana and if SOL can break the 200.00 price barrier. If we see further downside from the top 3 due to geo politics the crypto market as a whole will keep bleeding.