Movement (MOVE) defies the fall: Bullish messenger!

Recently listed on popular crypto exchanges, Movement (MOVE) gained upward momentum while $ETH fell.

Movement ($MOVE ) gained 10 percent in the last 24 hours, bringing its market value to $ 1.6 billion. Technical indicators such as RSI and ADX confirm the strength of the uptrend. In fact, the fact that the RSI reached the level of 62 indicates that the popular altcoin can rise further before entering the overbought zone.

MOVE is preparing to test critical resistance levels. If it reaches the level of $ 1.10 and the trend continues, new peaks may come. However, if the uptrend cannot be sustained, the price is likely to test the level of $ 0.59.

MOVE's RSI value is currently 62, indicating an upward trend, showing a significant increase from the level of 46.6 the day before. This increase indicates that the buying pressure is intensifying. However, the parity has not entered the overbought zone, as the RSI value has not yet exceeded the level of 70.

The RSI (Relative Strength Index) measures the speed and magnitude of price changes to assess whether an asset is overbought or oversold. Levels above 70 are generally overbought, while levels below 30 are oversold.

MOVE’s RSI level of 62 indicates that the market is moving from neutral to bullish, suggesting that the uptrend may continue in the short term. However, when the RSI approaches 70, it may indicate that momentum is slowing and a period of consolidation or a minor correction may begin.

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