{"id":511066,"date":"2024-04-23T14:59:59","date_gmt":"2024-04-23T14:59:59","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=511066"},"modified":"2024-04-23T14:59:59","modified_gmt":"2024-04-23T14:59:59","slug":"mumu-the-bull-price-prediction-mumu-surges-16-but-traders-turn-to-this-2-0-meme-coin-for-its-100x-track-record","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/mumu-the-bull-price-prediction-mumu-surges-16-but-traders-turn-to-this-2-0-meme-coin-for-its-100x-track-record","title":{"rendered":"Mumu The Bull Price Prediction: MUMU Surges 16%, But Traders Turn To This 2.0 Meme Coin For Its 100X Track Record"},"content":{"rendered":"

The Mumu the Bull price has soared 16% in the past 24 hours to trade for $0.000009509 as of 08:00 a.m. EST.<\/p>\n

It comes after a steep downtrend, with token holders lauding the reversal after arguing that the correction had been a ‘buy the dip’ opportunity.<\/p>\n

https:\/\/twitter.com\/wavesnstuff\/status\/1782534382626193625<\/p>\n

Despite the surge, the altcoin is facing resistance due to a descending trendline, which has capped the altcoin’s upside potential since around mid-March.<\/p>\n

At the bottom, however, MUMU enjoys solid support offered by the horizontal line at $0.000004761. The outlook shows a falling wedge pattern, and as this technical formation fills up, the MUMU price may be due for a breakout.<\/p>\n

For the layperson, a falling wedge pattern is a bullish chart pattern characterized by a series of lower highs and lower lows converging into a wedge shape. This pattern suggests a potential reversal of the current downtrend, as the price consolidates within the narrowing range before eventually breaking out to the upside.<\/p>\n

When this pattern occurs in cryptocurrency charts, it often signals a possible bullish reversal, indicating that selling pressure is diminishing and buyers may start to take control. Traders and investors may look for a breakout above the upper trendline of the falling wedge pattern as a potential entry point for a long position.<\/p>\n

Mumu The Bull Price Outlook As Altcoins Forms A Bullish Reversal Pattern<\/h2>\n

The Mumu the Bull price is almost filling up a falling wedge pattern, and could record a bullish breakout soon, supported by multiple bullish technical indicators. To begin with, the Relative Strength Index (RSI) is recording higher highs, showing momentum is rising.<\/p>\n

The Awesome Oscillator (AO) and the Moving Average Convergence Divergence (MACD), which show green histogram bars in their respective positive territories, reinforce the bullish outlook. Also, note that the MACD is above the signal line, suggesting an incoming bullish cycle.<\/p>\n

If the MUMU price breaks above the descending trendline of the chart pattern, the next key level to watch would be $0.00001442. Beyond here, the next logical target for the MUMU price would be the $0.00002112 or higher, $0.00002762. In a highly bullish case, the gains could send the token’s price above the $0.00003000 psychological level.<\/p>\n

The likely play over the next few hours and days would be a consolidation to fill up the triangle, before a final retest of the $0.000004761 support after which the MUMU price could breakout.<\/p>\n

\"Mumu<\/a><\/p>\n

TradingView: MUMU\/USDT 12-hour chart<\/a><\/p>\n

On the other hand, a rejection from the descending trendline followed by the base failing to hold as a support level could see the MUMU price descend to the range low at $0.000001085. This would constitute a 50% drop below current levels.<\/p>\n

While the MUMU price readies for a breakout, investors can also consider as an alternative Sponge V2, a 2.0 meme coin with a 100X track record.<\/p>\n