🎄 MOVR Just Ripped 130%. Is This the Next Christmas Tree?
$1.06 to $2.45 in two and a half days.
Now sitting at $2.25.
There is a real story behind it. Moonriver is migrating to Base alongside sister chain Moonbeam, and the claim deadline closed on September 30. The run started as that deadline approached, smashing the summer resistance near $1.48 on the way up.
So why the Christmas tree talk? 👀
We have seen this shape before: a vertical trunk on huge volume, then a top that gets sold just as fast. MOVR carries a few of the same ornaments.
At one point this week, open interest in MOVR futures was bigger than its entire market cap. Leverage is doing a lot of the lifting.
Reports show coins moving from cold storage onto exchanges.
And the catalyst date is now behind us, which is usually when "sell the news" shows up.
But it's not a carbon copy. This move climbed in steps, with a pause around $1.70, instead of one giant candle. And price kept rising after the deadline instead of collapsing on it.
The levels.
Clear the $2.30 to $2.37 supply and the $2.45 high, and the trunk keeps growing.
Lose $2.10, and the $1.70 shelf is the first real test.
Below that, the $1.00 to $1.13 base is where the whole tree was planted.
On a coin this small, the drop can be as fast as the climb. Size like it.
Another branch higher, or does the tree come down? 🔥
Not financial advice.
$MOVR
$SOON
$US
$1.06 to $2.45 in two and a half days.
Now sitting at $2.25.
There is a real story behind it. Moonriver is migrating to Base alongside sister chain Moonbeam, and the claim deadline closed on September 30. The run started as that deadline approached, smashing the summer resistance near $1.48 on the way up.
So why the Christmas tree talk? 👀
We have seen this shape before: a vertical trunk on huge volume, then a top that gets sold just as fast. MOVR carries a few of the same ornaments.
At one point this week, open interest in MOVR futures was bigger than its entire market cap. Leverage is doing a lot of the lifting.
Reports show coins moving from cold storage onto exchanges.
And the catalyst date is now behind us, which is usually when "sell the news" shows up.
But it's not a carbon copy. This move climbed in steps, with a pause around $1.70, instead of one giant candle. And price kept rising after the deadline instead of collapsing on it.
The levels.
Clear the $2.30 to $2.37 supply and the $2.45 high, and the trunk keeps growing.
Lose $2.10, and the $1.70 shelf is the first real test.
Below that, the $1.00 to $1.13 base is where the whole tree was planted.
On a coin this small, the drop can be as fast as the climb. Size like it.
Another branch higher, or does the tree come down? 🔥
Not financial advice.
$MOVR
$SOON
$US
