🎯 $MOVR

/USDT – Technical Analysis & Price Targets 🎯

The Layer 1 blockchain token MOVR (Moonriver) is showing signs of a potential breakout after a period of high volatility. Here's a detailed analysis:

Current Price: $15.15 (+4.91%)

Key Observations:

24h High: $19.20

24h Low: $13.70

Volume: $101.24M (USDT), indicating strong trading activity.

Support & Resistance Levels:

Support: $13.70 (recent low)

Resistance: $16.50 (key psychological level)

Price Targets Based on Technical Indicators:

🎯 Target 1: $17.20

A near-term target, achievable if MOVR sustains above the $16.50 resistance. Strong buyer momentum at this level could push prices higher.

🎯 Target 2: $18.50

Breaking the first target could lead to testing this level, aligning with recent highs. Volume confirmation will be key here.

🎯 Target 3: $20.00

A significant psychological and technical milestone. If the rally continues with bullish sentiment, MOVR could reach this mark.

Trading Strategy:

For Bulls: Look for a confirmed breakout above $16.50 with increasing volume.

For Bears: Watch for rejections near resistance levels or a dip below $14.00 for short opportunities.

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