Mumu the Bull This memecoin, running on the Solana blockchain, has caught the attention of traders, with its performance ranking among the top in the market., MUMU’s 24-hour trading volume rose by 256%, currently sitting at $14 million.
The coin formed a descending triangle, successfully testing this breakout with a double-bottom pattern, indicating a continuation of the uptrend. Indicators, such as the MACD, confirm that bullish pressure remains strong, and trading volume is backing further price increases.MUMU is also starting what appears to be the third wave of an impulsive Elliott wave pattern, with a target at $720 million based on Fibonacci levels.On the technical side, indicators like MA, RSI, and ADX on the 1-day chart are all signaling a continued upward trend for MUMU.