$MOVE /USDT potential trading pair with 15minutes Timeframe And future prediction price 💵 💵 💯
Key Observations:
1. Current Price: The price is at 1.0002, showing a 17.08% increase in the last 24 hours.
2. 24-Hour Range:
High: 1.1445
Low: 0.8168
3. Trend:
The chart indicates a recent bullish trend, with a significant price surge followed by a retracement.
The price seems to be testing a resistance level around 1.1445 and has faced selling pressure.
4. Indicators:
RSI (6): The value is 37.7, suggesting the asset is approaching the oversold zone after the recent drop, which might indicate a potential reversal.
Volume: There was a significant spike in volume during the price surge, which has now decreased, signaling reduced buying interest.
Possible Scenarios:
1. Bullish Case:
If the price sustains above 1.0000 and RSI starts trending upward, we may see another test of the 1.1445 resistance.
A breakout above 1.1445 could lead to a move towards higher targets, such as 1.20.
2. Bearish Case:
If the price drops below the 1.0000 support level, it may test lower levels around 0.95 or even the 24-hour low of 0.8168.
Future Prediction:
Short-Term: Price may consolidate around the 1.0000 level. Look for a clear breakout or breakdown for the next trend direction.
Medium-Term: If the bullish momentum persists, the next key resistance could be around 1.20–1.25. However, any failure to maintain support levels could trigger a bearish trend.
Recommendation:
For long positions, wait for confirmation of a bounce off the current level or a breakout above 1.1445.
For short positions, look for rejection at resistance or a break below 1.0000.
