$MOVE technical analysis
Coin: $MOVE
Liquidation Value: $1.6695K
Price Level: $1.04212
Here’s a breakdown of this MOVE short liquidation:
Price Action: MOVE pushed above the $1.04 level, triggering a short liquidation worth $1.6695K at $1.04212. This highlights strong bullish momentum as shorts were forced to cover their positions.
Volume Surge: Trading volume rose by 18%, indicating heightened activity and increased buying pressure that amplified the price movement.
Market Sentiment: Sentiment has turned bullish, with the next resistance level at $1.05. The short squeeze has strengthened the buyers’ grip, suggesting the potential for further gains.
Opportunity for Traders:
If MOVE holds above $1.04, it could present a buy-the-dip opportunity, targeting $1.05 and $1.07.
A failure to sustain above $1.04 might lead to a pullback toward $1.02, though the bullish trend remains intact for now.
Key Insight: The liquidation highlights robust upward momentum. Sustaining above $1.04 will be critical for MOVE's continued growth.
Price Targets:
Upside Potential: $1.05 - $1.07
Risk Zone: Below $1.04, potential pullback toward $1.02
MOVE is climbing higher—monitor for the next breakout level!