đš MOONRIVER ($MOVR ) POISED FOR A BREAKOUT OR A RETEST â WHAT'S NEXT? đš
Moonriver ($MOVR ) is trading at $10.78, up 2.57% in the last hour. With a recent high of $11.13 USDT, MOVR is approaching key resistance, but momentum suggests it could go either way.
đĄ Key Resistance:
$11.13 USDT â If $MOVR can break above this level, it could rally toward $11.50 USDT in the short term. Buyers are watching for a clean breakout to push the price into a new upward trend.
đ Support Zone:
$10.44 USDT â On the downside, if the price dips below this critical support level, we could see a retracement toward $10.00 USDT. A break below here may trigger further selling pressure.
đŻ Entry Strategy:
Long Entry: Above $11.13 USDT, targeting $11.50 USDT, with a Stop Loss at $10.90 USDT.
Short Entry: Below $10.44 USDT, targeting $10.00 USDT, with a Stop Loss at $10.60 USDT.
Prediction: Given the steady upward movement, MOVR is more likely to test and break above the $11.13 USDT resistance, with a potential short-term target of $11.50 USDT. However, failure to clear this resistance could result in a pullback to the $10.44 USDT support level.
â ïž Keep an eye on these levels to capitalize on potential movesâeither up or down!
