$MOVE /USDT Market Alert & Analysis

$MOVE has experienced a notable long liquidation of $1,728.6 at $1.09472, highlighting increased selling pressure in the market. Currently trading at $1.0880, the token hovers near key support levels. In the past 24 hours, $MOVE reached a high of $1.1852 and a low of $1.0720, with a strong trading volume of 256.4M MOVE, showcasing substantial market participation.

The liquidation event signals a potential shift in momentum. If move recovers above $1.10, it could target resistance at $1.15, with an extended rally potentially reaching $1.22. On the other hand, failure to hold above $1.08 may result in a deeper pullback toward $1.03, a critical support level for bulls to defend.

Traders should closely monitor the $1.09-$1.10 range for signs of recovery or further weakness. Setting stop-loss levels near $1.07 is prudent to manage risks. With the market at a critical juncture, will move rebound to new highs or slide further? Stay alert and trade strategically!

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