$MOVE /USD Market Update: Stable Above $1.11

Current Price: $1.1151

24H Change: +0.70%

$MOVE continues to show resilience, holding steady above the $1.11 mark. The market is currently consolidating as traders watch key levels to determine the next direction.

Key Levels to Watch

Resistance:

$1.1250 – A crucial resistance point, with a potential breakout above this level signaling the next bullish phase.

$1.1500 – The next major resistance that could act as a strong barrier, potentially delaying further upward movement.

Support:

$1.1000 – Immediate support; if this level breaks, the price could retest lower levels.

$1.0800 – A solid support zone where buyers could re-enter the market.

Trade Setup

Bullish Scenario: A break above $1.1250 could lead to a test of $1.1500, opening up further upside.

Bearish Scenario: A drop below $1.1000 could trigger a move towards $1.0800, signaling potential short-term weakness.

Monitor these levels closely for possible breakouts or pullbacks.

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