Mamo crypto soars 59%, hits ATH – Is a $0.32 rally in sight?

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.