🚀 $MOVE /USDT Technical Analysis – Key Targets Ahead! 🎯

Current Price: $0.8813 (-16.44%)

24h Range: $0.8728 - $1.0770

Volume: 194.14M MOVE

MOVE/USDT is witnessing a strong bearish trend as it tests critical support levels. Let’s dive into the technical setup and identify potential targets:

Key Levels to Watch:

1️⃣ Target 1: $0.9500

Reason: Minor resistance where price could face a pullback if buying pressure increases.

Probability: Suitable for short-term traders aiming for quick profits.

2️⃣ Target 2: $1.0000

Reason: Psychological resistance and a key level of confluence. Breaking this level could signal a potential trend reversal.

Strategy: Monitor volume closely; strong buying pressure could drive the price upward.

3️⃣ Target 3: $1.0770

Reason: 24h high and a crucial resistance zone. Bulls need to break this to regain control.

Scenario: If price consolidates above $1.0000, $1.0770 becomes achievable.

Indicators & Observations:

RSI: Oversold, indicating a potential bounce.

Support: $0.8728 remains critical; a breakdown could lead to new lows.

Trend: Bearish, but reversal signs may emerge near the $0.9500 level.

Trading Tips:

Always set stop-loss below key support levels.

Use proper risk management to navigate the current volatility.

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