MAMO cryptocurrency has shown substantial bullish momentum with an 8.7% surge over 24 hours and a remarkable 59.9% gain across the past week, significantly outperforming Bitcoin and the broader altcoin market. This growth trajectory indicates potential for continued upward movement despite broader market hesitation, as reflected in the altcoin season index reading of 37.
After reaching an all-time high of $0.1865 on July 16, MAMO experienced a corrective pullback to $0.098. However, strong support levels have since fueled a decisive recovery, confirming underlying bullish sentiment among traders. Technical indicators reinforce this optimism, with sustained support from the 50-period Moving Average on the 1-hour chart signaling persistent bullish pressure.
Fibonacci retracement analysis pinpoints potential price targets at $0.269 and $0.32, while the Relative Strength Index (RSI) aligns with the positive momentum. The combination of these technical factors suggests MAMO could extend its rally if current market conditions persist. Its sustained resilience positions MAMO as a notable outlier in an otherwise cautious altcoin landscape.