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$MOVE /USDT Daily Chart Analysis – Relief Rally or Reversal

CryptoPotato

Updated at: 4 hours ago

{"content":"$MOVE /USDT Daily Chart Analysis – Relief Rally or Reversal? 🎯 Current Price: $0.1366 (+16.85%) 🕰️ Timeframe: 1D 📉 Trend: Long-term downtrend, short-term bounce 🔍 Technical Overview: After months in a grinding downtrend, MOVE printed a strong green candle today, gaining nearly 17% from the lows — but context is critical here. 📊 Moving Averages: MA 7: $0.1293 → price broke above for first time in weeks ✅ MA 25: $0.1415 → next hurdle to flip structure MA 99: $0.2470 → deep resistance zone, likely untouched unless serious momentum builds 🔥 Bullish Hints: First real impulse candle since early May RSI likely oversold (based on trend behavior) Daily close above $0.14 could flip the narrative short-term ⚠️ Red Flags: MA stack still heavily bearish (price < MA25 < MA99) No clear breakout from falling wedge or base — this could be a dead cat bounce Volume needs to confirm — a single green day isn’t trend reversal by itself 📌 Levels to Watch: Resistance: $0.1415 (MA25) $0.1650 (May lower high) $0.20 psychological & structural zone Support: $0.1290 (MA7) $0.1150 (June local bottom) $0.10 – make-or-break for bullish hopes 🧠 Strategy Insight: This bounce is a potential early signal, not confirmation. Conservative bulls will likely wait for price to reclaim MA25 + consolidation above $0.15. Intraday traders may try to catch the momentum up to $0.16–0.17 but tight stops are essential. 💡 If today’s move is followed by continuation and volume, MOVE could target $0.18+ in short-term — but for now, the trend is still your enemy. ⚠️ DYOR – Do Your Own Research. This is not financial advice. Markets can be volatile — always trade responsibly!","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025062025/06/23/41a8b7c94fe248cebb2f3fd56d719036.png"],"tags":[],"tradingPairs":["MOVE/USDT"],"quotearticleid":0}

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