Latest MOMOFUN (MM) Price Analysis

Deep Dive

1. Technical Rebound (Bullish Impact)

Overview: MOMOFUN’s 7-day RSI hit 19.97 on September 28, its lowest since August 2025, signaling extreme oversold conditions. Historically, RSI below 30 often precedes short-term rebounds.

What this means: Traders likely interpreted the oversold signal as a buying opportunity, especially with Fibonacci support at $0.00317 holding. The MACD histogram (-0.000123) remains negative but shows slowing bearish momentum.

What to look out for: A close above the 7-day SMA ($0.0039) could confirm a trend reversal. Failure to hold $0.00317 may renew selling pressure.

2. Altcoin Sentiment Shift (Mixed Impact)

Overview: The global crypto market rose 2.52% in 24h, with the Altcoin Season Index climbing to 67 (up 6.35% weekly). Fear & Greed improved to “Fear” (39) from “Extreme Fear” (34) yesterday.

What this means: MOMOFUN benefited from improved risk appetite, though its 6.54% gain outpaced the market. This suggests token-specific factors – possibly lingering hype from August’s Binance Alpha listing and airdrop, which drove a 2,126% volume spike at launch (OKX).

3. Liquidity and Volatility Dynamics

Overview: MOMOFUN’s 24h turnover ratio (volume/market cap) is 15.8%, indicating high liquidity relative to its size. This amplifies price swings during sentiment shifts.

What this means: Low market cap ($26.5M) and high circulating supply (7.8B tokens) make MM prone to volatility. The recent uptick lacks clear fundamental catalysts, pointing to speculative trading.

Conclusion

MOMOFUN’s rebound appears driven by technical factors and broader altcoin momentum rather than new developments. Traders should monitor whether the RSI sustains above 30 and if Binance Alpha announces follow-up initiatives.

Key watch: Can MM hold above its 24h low of $0.00317, or will profit-taking erase gains?

Deep Dive

1. Post-Listing Airdrop Hangover (Bearish Impact)

Overview: MM’s price surged 248% on August 3–4, 2025, after its Binance Alpha listing and gamified airdrop (Coincu). However, the token has since shed 87% of its value from its August 4 peak of $0.0256.

What this means: Airdrop recipients often sell tokens quickly to lock in gains, especially when projects lack sustained utility. MM’s hybrid meme/DeFi narrative hasn’t delivered visible product milestones since August, leaving price action vulnerable to speculative churn.

2. Technical Breakdown (Bearish Impact)

Overview: MM broke below its 7-day SMA ($0.00446) and 30-day SMA ($0.00429), with the RSI7 at 28.09 signaling extreme oversold conditions but failing to stabilize the price.

What this means: The breakdown suggests a loss of buyer confidence. While the RSI hints at a possible bounce, the MACD histogram (-0.0000188) shows bearish momentum dominates. Key resistance now sits at the 23.6% Fibonacci retracement ($0.00481).

What to watch: A close above $0.00404 (pivot point) could signal short-term relief, but sustained recovery likely requires fundamental catalysts.

3. Liquidity Crunch (Mixed Impact)

Overview: MM’s 24h volume fell 11.8% to $4.87M, with a turnover ratio (volume/market cap) of 0.185—below the threshold for stable price discovery.

What this means: Thin liquidity exacerbates volatility, allowing modest sell orders to drive disproportionate price drops. The token’s $26.3M market cap and 7.8B circulating supply create high susceptibility to whale movements.

Conclusion

MM’s decline reflects a classic “pump and dump” pattern post-exchange listing, compounded by weak tokenomics and no recent developments. While oversold conditions may invite tactical traders, the absence of fundamental progress keeps the risk/reward skewed downward.

Key watch: Monitor Binance Alpha’s next MM-related announcements—or lack thereof—for signals about sustained institutional interest.