MOVE brewing an explosion? Descending wedge release signals bullish trend!
On the 4-hour chart, MOVE has quietly formed a classic bullish pattern known as a descending wedge. As the price gradually approaches the end of the wedge, the probability of a breakout continues to rise— and the chance of an upward breakout is even greater! Currently, MOVE has repeatedly stabilized near the 20-day moving average, indicating that bulls are accumulating strength, waiting for a chance to counterattack.
This pattern is often a precursor to a shift in market sentiment. Although bears seem to be dominant, the momentum for MOVE's counterattack is quietly brewing. Next, if it can strongly break through the upper boundary of the wedge, MOVE may experience a powerful upward trend!
Will it continue to lie in wait or start a rally? This move by MOVE is worth keeping a close eye on! Follow Jiang Ge to grasp the pulse of the crypto market and gain insights into the overall situation!
