Moonriver is an Ethereum-compatible, smart-contract parachain on Kusama. It is intended to be a companion network to Moonbeam, where it will provide a permanently incentivized canary network. The new code will ship to Moonriver first, where it can be tested and verified under real economic conditions. Once proven, the same code will ship to Moonbeam on Polkadot.
Anyway, MOVR has been in a downtrend, a long and deep one, almost since birth. Then, MOVR broke the curved downtrend line, and a new upward wave started. Correction unfolded in a descending channel, then MOVR broke the channel and the next upward wave started. Let's see how high MOVR can go.
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๐Keep an eye on the charts and your portfolio, and remember: DYOR -Crypto is always changing, so stay informed before jumping in! ๐๐ธ
Binance Square Family...โค๏ธโ๐ฅโค๏ธโ๐ฅ
I hope this analysis has been helpful to you. If you have any questions, please feel free to leave a comment. I'm always happy to help.
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