MMT's Explosive Run Leaves Behind a Critical Pattern—Here's What Happens Next

The $MMT chart tells a story of extremes. From breakout to breakdown, the entire move compressed into a single formation that reminds us why discipline matters more than speed in this market.

The Setup: Where Momentum Blew the Candle

Price had already demonstrated its capacity to blow through resistance with aggressive thrust movements. The rejection happened at higher levels ($2.00–$2.40 zone), signaling early weakness. The final capitulation sweep around $3.50–$4.20 marked the climax—a classic blow-off top where late buyers got caught chasing at peak euphoria.

What followed was a harsh correction. Price drained systematically from those elevated levels all the way down to near $1.00, wiping out the majority of speculative gains in the process.

The Consolidation Phase: Where Patience Separates Traders

We’re now sitting in what technicians call the cool-down period. This isn’t a loss of interest—it’s a reset. Volume is compressing. Weak hands are being shaken out. Smart accumulation typically happens in these quiet zones before the next leg up.

The current price sits near $0.19 (as of recent data), with the market waiting for the next directional signal. The key level to watch remains the $1.15–$1.25 range. This acts as a critical support-resistance point.

The Trigger: What Needs to Happen

If $MMT successfully reclaims and holds above $1.15–$1.25 with volume confirmation, momentum will likely shift back to the upside. The targets become clear:

• First Target: $1.60
• Secondary Target: $1.95
• Breakout Play: Break above $1.95, and $2.50+ enters conversation again

Conversely, if $1.00 breaks cleanly with weakness, patience means waiting for lower entries rather than chasing into despair selling.

The Psychology: Positioning Over Panic

This phase separates emotional traders from mechanical ones. FOMO will tempt you to chase. Panic will tempt you to capitulate. Neither helps here.

The market is intentionally moving slow—digesting the excess euphoria from the blow-off top. When the crowd exhausts itself from waiting, the next aggressive move will likely catch most people off guard.

The play isn’t about catching every move. It’s about being positioned for when the setup resets and the market is ready to run again.