Bearish Signals for Movement (MOVE/USDT): Can $2.00 Be Reached in 2024?

Movement ($MOVE ) is currently trading at $0.603, down -5.69%, showing signs of weakness in a volatile market. While it holds potential in the long term, there are concerns regarding its ability to maintain upward momentum.

Key Insights:

Support Level: $0.60.

Resistance Target: $0.80 (short-term), $1.50 (mid-term).

Technical Indicators: MACD shows bearish crossover, and RSI indicates oversold conditions.

Strategy: Watch for a rebound around $0.60. If momentum shifts, consider entering at key support levels.