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Crypto Express

08/08 04:57

MAMO crypto breached its former ATH

MAMO crypto breached its former ATH, flips it to support

On the 16th of July, Mamo crypto had made a swing high at $0.1865. This marked an all-time high.

The Fibonacci retracement levels plotted showed that the price fell just below the 0.618 retracement level, to the $0.098 support, before beginning a recovery.

During this recovery over the past week, the buying pressure has been high. The daily trading volumes saw sizeable upticks, especially from the 4th to the 6th of August.

This led to a dramatic rise in the OBV, reflecting the strong demand for the token.

The RSI also showcased firm bullish momentum, briefly poking its head above 70 before dipping over the past 24 hours. Most importantly, the former ATH was being retested as support at press time.

The 61.8% and 100% Fibonacci extension levels were the next probable price targets for MAMO, at $0.269 and $0.32, respectively.
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