Movement (MOVE) is an interesting project in the world of cryptocurrencies, especially since it offers innovative solutions based on the Ethereum network. Based on the available data and charts, we will highlight the positive and negative aspects of this coin for investors and speculators.

$MOVE Overview

Current price: $1.1204.

Market Cap: $2.5 Billion.

Daily volume: $2.01 billion.

Trading Supply: 2.25 billion MOVE out of 10 billion max.

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Pros 🌟

For investors:

1. Reliance on the Ethereum network:

Since MOVE is based on the Ethereum network, it benefits from the robust infrastructure and great potential of this network.

2. Innovative project:

The project offers Layer 2 solutions, which contribute to improving the speed and security of transactions at lower costs.

3. Growth potential:

With a huge market cap and high trading volume, there is clear interest from investors and the digital community.

For speculators:

1. High liquidity:

High trading volume provides excellent opportunities to easily enter and exit the market.

2. Price fluctuations:

The chart shows price fluctuations that are ideal for making quick profits when speculating.

3. Positive momentum:

The price is showing bullish signals with previous resistance levels being broken.

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Negatives ⚠️

For investors:

1. Lack of reliable data:

As noted on the page, not all information is available on CoinMarketCap, which increases the risks.

2. Competition:

MOVE faces stiff competition from other Layer 2 projects such as Arbitrum and Optimism.

For speculators:

1. Correction risks:

After any strong rise, we may see a sharp correction as is the case with many currencies.

2. Instability:

Extreme fluctuations can be dangerous if you make ill-considered decisions.

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Technical analysis

Current chart:

Moving averages:

The price is above the averages (MA7 and MA25), indicating an uptrend.

RSI (Relative Strength Index):

The RSI level indicates overbought conditions, which may mean a correction is likely soon.

MACD:

The indicator is showing positive momentum with a bullish crossover, which supports the continuation of the uptrend in the short term.

Expectations:

If the momentum continues, the price could target $1.25 levels or higher.

If a correction occurs, the price may drop to support levels such as $1.00.

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Conclusion:

MOVE coin is a promising opportunity, especially for speculators looking for price fluctuations to make short-term profits. However, investors should study the project carefully due to the lack of reliable data and potential risks.

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Additional tips:

Use risk management strategies such as Stop Loss to protect capital.

Follow news and updates about the project to understand future trends.

Do not invest more than you can afford to lose.

This is not a recommendation or an invitation to buy, there is no one more concerned with your money than you

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