$MOVE /USDT – Technical Analysis and Target 🎯🎯🎯
Current Price: $1.0255 (+25.38%)
24H High/Low: $1.1366 / $0.8079
Volume (24H): 389.22M MOVE
Technical Outlook:
MOVE has shown impressive momentum with a 25% gain in the last 24 hours. The price action indicates a bullish breakout, and it is currently trading near a critical support zone of $1.00. The RSI is in the overbought zone, signaling strong buying pressure, but we could see some consolidation before the next move.
Key Levels to Watch:
1. 🎯 Target 1: $1.10
Reason: Near the recent high of $1.1366, this level acts as a resistance zone. A break above it could signal stronger bullish momentum.
2. 🎯 Target 2: $1.25
Reason: Psychological resistance and Fibonacci 1.618 extension level. A breakout here could attract more buyers.
3. 🎯 Target 3: $1.50
Reason: Strong historical resistance and a likely profit-taking zone for long-term holders.
Trading Strategy:
Short-term Traders: Monitor the $1.00 support. If the price remains above, consider long positions targeting $1.10.
Mid-term Traders: Look for a breakout above $1.10 to enter trades targeting $1.25.
Long-term Traders: Accumulate near $1.00 for a potential rally to $1.50.
Caution: Always set a stop loss near $0.95 to manage risks in case of a market reversal.