🚨 $MOVE /USDT Technical Analysis – A Retracement or an Opportunity?

MOVE/USDT is experiencing a -9.29% drop, pulling back after reaching recent highs. Here’s a detailed breakdown with 3 potential targets for traders:

🔍 Current Market Data

Price: $0.7728

24h High: $0.8746

24h Low: $0.7080

24h Volume (MOVE): 172.16M

24h Volume (USDT): $134.70M

📉 Technical Overview

MOVE/USDT is retracing from its high of $0.8746, likely due to profit-taking. However, its position as a Layer 1 token suggests potential for a rebound if key levels are defended.

Key Targets 🎯

1️⃣ Target 1: $0.8000

Immediate resistance and psychological level. A break here could indicate recovery.

2️⃣ Target 2: $0.8746

Recent 24-hour high. This level serves as a key test for bullish continuation.

3️⃣ Target 3: $0.9300

Next major resistance zone. A move beyond this level could signal a stronger uptrend.

📊 Indicators

RSI: Near oversold territory, signaling potential for a bounce.

MACD: Bearish momentum is weakening, hinting at a possible reversal.

Volume: High trading volume indicates active participation, despite the drop.

💡 Trading Strategy:

Buy Zone: $0.7200–$0.7500

Stop Loss: Below $0.7000

Targets: $0.8000, $0.8746, $0.9300

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