MOVE briefly rebounds before falling into oscillation! The bear show is about to unfold!
Recently, MOVE experienced a slight rebound, but this has not changed its overall weak trend. Now, the price is gradually entering a range of oscillation, market sentiment is low, and a continued decline in the short term seems almost inevitable.
Currently, MOVE is in a typical consolidation phase and may face significant selling pressure in the short term. That rebound was merely a breather for the bears, and the risk of further declines is relatively high. If the bears exert more force, MOVE could potentially face a deeper pullback.
The downward risk cannot be ignored; can MOVE make a comeback?
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