#MOVR IS THIS THE START OF A HIGH MOMENTUM BREAKOUT?

If you're looking for an in-depth analysis of MOVR, you're in the right place.

Here's why.

MOVR made a remarkably high market movement of more than 92% within just a span of weeks. There are speculations that a possible breakout might happen with highest chance of breaking its major resistance at 32-44, although, here's what we've found out. As this token have experienced a high momentum bullish movement, we've also concluded that this could possibly be a short-lived price action as there are not a lot of basis for this movement. First, we've verified that there are currently no news regarding any projects, rebranding, etc. for MOVR. There are also not that many people talking about MOVR before this high bullish movement happened. Second, a lot of resistances has to be broken through before a confirmed breakout can happen which means greater buying pressure must be ensued in order to confirm further rally. As we've checked, the minor resistances are keeping the rally from its continuation and the reality would be, it would need to reach one of its bottom before it can have another price surge towards the higher key levels of 50, 100, 150 and more. Lastly, although the data suggests these prerequisites exist, we can still safely assume that what we're expecting can be invalidated once more unpredictable data will be presented with MOVR's market economy. Thus, it's wiser to move with every price action rather than to continue expecting a higher rally.

Stay wise, trade cautiously.