Mamo crypto soars 59%, hits ATH – Is a $0.32 rally in sight?
Main Idea
Mamo (MAMO) crypto has surged 59% in a week, reaching an all-time high (ATH), with potential for further gains to $0.32 based on Fibonacci extension levels.
Key Points
1. MAMO's price increased by 8.7% in 24 hours and 59.9% over the past week, outperforming Bitcoin and the broader altcoin market.
2. The cryptocurrency breached its former ATH of $0.1865, flipping it to support, with the 61.8% and 100% Fibonacci extension levels targeting $0.269 and $0.32 respectively.
3. Daily trading volumes showed significant upticks, and the RSI indicated strong bullish momentum, briefly exceeding 70 before a slight dip.
4. The 1-hour and 1-day charts reflect strong bullish sentiment, with the 50-period Moving Average acting as support and the RSI rebounding above neutral 50.
5. Despite the overall market downturn, MAMO's measured uptrend suggests potential for continued growth, with a current market cap of $190 million.
Description
The Fibonacci extension levels showed that MAMO could extend its rally to $0.32 or even higher.
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