Mumu The Bull Price Surge: Resistance Flip in Play
The Mumu The Bull price has skyrocketed 150% over the past week, with a recent 34% surge bringing it to $0.00009144 at 7:25 a.m. EST. This meteoric rise has set a new all-time high of $0.0001002 for MUMU. However, the meme coin has since pulled back 7%.
Resistance Flip Attempt
4-hour chart for MUMU/USD (Source: GeckoTerminal)
Mumu The Bull has broken above the resistance level at $0.00008212 and is attempting to establish it as support. A close above this mark within the next 8 hours could provide a foundation for further gains, potentially reaching $0.00011345.
Bearish Risks
Rejection at the $0.00008212 resistance could invalidate the bullish scenario, exposing MUMU to the risk of testing the $0.00004794 support. A break below this level could lead to a decline to $0.00003085.
Technical Strength and Overbought Concerns
Technical indicators suggest a continuation of MUMU's upward trend, although potential bearish signals are emerging. The RSI indicator has risen from 66 to 79, indicating bullish strength but also entering overbought territory. The MACD line is breaking away from the Signal line, suggesting growing bullish momentum, but the Histogram has leveled off somewhat.
Pepe Unchained Presale Success
While traders monitor Mumu The Bull's progress, the Pepe Unchained (PEPU) presale has raised over $5.5 million. Pepe Unchained aims to enhance the potential of PEPE by launching a layer-2 network with a faster, cheaper version of the token.
PEPU's Potential
Investors have been attracted to PEPU's potential for 10X growth, as predicted by a 99Bitcoins YouTube analyst. Presale buyers can lock up their PEPU tokens for a 349% APY. The token is currently selling for $0.0086649 and can be purchased using ETH, BNB, USDT, or a bank card.