🚀 MOVR/USDT Technical Analysis: Key Levels to Watch 📊

🔍 Current Price:

‱ 1D: $10.867

‱ 8H: $10.859

‱ 4H: $10.844

⚠ Resistance Levels:

‱ 14.416 - Major resistance across all timeframes

‱ 12.537 - Key resistance on the 4H chart

đŸ›Ąïž Support Levels:

‱ 6.121 - 6.000 - Crucial support zone on all charts

‱ 3.596 - Potential lower bound if bearish momentum continues

đŸ”„ What the Charts Are Telling Us:

Volume Profile:

‱ Strong resistance at $14.416, indicating a challenging zone for bulls.

Bollinger Bands:

‱ 1D/8H: Price nearing lower bands—oversold?

‱ 4H: Approaching upper band—short-term bullish momentum?

Moving Averages (DEMA 9):

‱ Price below DEMA 9 across all timeframes = Bearish undertone.

MACD:

‱ 1D: Bearish pressure persists.

‱ 8H: Bullish reversal on the horizon?

‱ 4H: Strong bullish crossover—watch for upward momentum!

🧐 Market Sentiment:

‱ Bearish Dominance: Indicators point to continued downward pressure.

‱ Short-Term Bullish Reversal? MACD on the 4H chart hints at potential upside.

🎯 Key Scenarios to Watch:

🚀 Bullish:

‱ Break above $12.537 could target $14.416 and potentially $19.930. Look for MACD support!

đŸ”» Bearish:

‱ Failure to hold above $10.767 may lead to a retest of $6.000. Keep an eye on broader market trends.

⚠ Stay Vigilant:

The market is at a critical juncture. Will we see a bullish breakout, or is further downside in store? Share this analysis and keep your friends informed! 💬

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