Deep Dive
1. Absence of Catalysts (Bearish Impact)
Overview: MOMOFUN’s last major event was its Binance Alpha listing on August 3, 2025, which triggered a 2,126% volume surge. No substantive updates have followed since – the team’s November tweets focused on community morale, not product/news.
What this means: The token lacks fresh utility/demand drivers. Trading volume has dropped 23.33% in 24h to $959K, signaling fading interest. Historical data shows MM plummeted 95.58% in 30 days post-listing, suggesting initial hype deflation.
What to watch: Any announcements about MOMOFUN’s AI/DeFi hybrid use cases or exchange expansions.
2. Technical Breakdown (Mixed Signals)
Overview: MM’s RSI-7 sits at 4.57 – the lowest possible reading – typically signaling oversold conditions. However, the price remains below all key moving averages (7-day SMA: $0.000174, 30-day SMA: $0.001628).
What this means: While RSI suggests potential for a bounce, the lack of buying volume (-23.33% 24h) and -95%+ monthly drop indicate entrenched bearish sentiment. Fibonacci retracement shows resistance at $0.000917 (78.6% level), 584% above current price.
Conclusion
MOMOFUN’s decline reflects post-listing dilution and crypto’s risk-off environment, where investors favor Bitcoin (58.74% dominance) over micro-cap alts. While oversold metrics hint at possible stabilization, recovery likely requires fundamental progress.
Key watch: Can MM hold its November 27 low of $0.00014773, or will breaking this level trigger another leg down?