Technical Analysis of MOVE/USDT
1. Overall Price Trend:
Current Price: $0.9751
24h Change: +15.16%
24h High: $1.1366
24h Low: $0.6774
2. Moving Averages (MA):
MA (7): 0.9861 – The current price is below the 7-period moving average, which may act as a resistance level.
MA (25): 0.8713 – The price remains above the 25-period moving average, indicating a medium-term uptrend.
MA (99): 0.7284 – A significant gap between the price and this moving average suggests a strong long-term uptrend.
3. Trading Volume:
24h Volume (MOVE): 430.21M
24h Volume (USDT): 383.47M
Increased trading volume indicates strong market interest.
4. Support and Resistance Levels:
Key Support: $0.7699
Next Support: $0.6000
Resistance Level: $1.1366 (recent high)
5. Indicators:
Overall Trend: Bullish
Buying Pressure (Bid): Strong (42.18%)
Selling Pressure (Ask): Moderate (57.82%)
6. Conclusion and Strategy:
Short-term Trend: A price correction may occur. If the price breaks the $1.1366 resistance, further growth is likely.
Medium-term Trend: The bullish trend remains intact as long as the price holds above $0.7699.
Recommendation:
Buy on dips near: $0.8700
Target 1: $1.1366
Target 2: $1.2000
Stop-loss: $0.7600
