MMT pumped nearly 80% in one day, but there's an interesting detail - 70% of the chips are still piled in the range of 0.30-0.37 without moving. Now that the price has first retraced here, it may actually be a good entry point.

First, let's look at a few key positions. 0.348 is the real main cost line, and over the past two weeks, 10.4 million U has been poured into this point, with a buy ratio of 65%. It is clear that someone is accumulating here. Moving down, the range from 0.302 to 0.371 is even more exaggerated, with each of the four price levels having transactions of 7 to 10 million U, forming a solid support zone. Looking upwards, 0.52 has a distant high volume area, which happens to align with the sell wall on the order book.

The range of 0.42-0.46 is very empty, with the trading volume plummeting by 60% in a cliff-like manner. Once this vacuum zone is broken through, the price can easily soar. Currently, 70% of the trading volume is concentrated in the large range of 0.256-0.532, and the current price of 0.424 is just near the upper edge. In the short term, it hasn't reached an overheated state yet, but it's not far from liquidity selling pressure.

Looking at the momentum again. Recently, the buying ratio in the last 4 hours was only 38%, with profit-taking happening. However, when testing the main cost zone on the hourly level, the buying ratio rebounded to 62%, indicating that funds are starting to flow back in. The contract holdings increased by 11.8% in one hour, but the long-short ratio dropped from 2.17 to 1.28, with bears adding positions more aggressively. In this case, if the price holds above the core position of 0.348, the bears may be forced to cover, which could push the price up.

Technically, the 1-hour Bollinger Band middle line is exactly at 0.388, almost coinciding with the main cost line, and the upper line is at 0.