This is my technical analysis for MOVE/ USDT on the 4-hour timeframe. The price is currently trending downwards, respecting a descending resistance line I've drawn, which connects multiple swing highs in the recent price action.

Key observations:

Resistance Line: The trendline is clearly acting as resistance, with multiple touches confirming its validity. A breakout above this line could signal a reversal in trend. Support Zone: The support level around $0.60 has held well so far. If the price continues to respect this support, we could see a breakout attempt in the near term. Volume: Volume has been steadily declining, suggesting that the market is consolidating. A volume spike at the trendline could confirm the breakout or breakdown.

RSI Divergence: The RSI is showing a potential divergence, hinting at weakening bearish momentum.

Trade Idea:

Bullish Scenario: If the price breaks above the trendline with strona volume. I willBullish Scenario: If the price breaks above the trendline with strong volume, I will target the next resistance zone around $0.70-$0.75. My stop loss for this trade will be just below $0.60, in case the support fails.

Bearish Scenario: If the price breaks below the $0.60 support, the next target could be $0.50. I will wait for confirmation before entering a short position.

I'm setting alerts at both the trendline and the $0.60 level to monitor the movement closely.