Chart data Price $MOVR 3.1772 | 24H High 3.3400 | 24H Volume 597.76M MOVR / 1.51B USDT | RSI 70.4 $MOVR 76.7% surge with bullish 1H structure — momentum is strong, but price is getting extended
My bias remains bullish on the 1h — price is holding above the Supertrend at 2.2975 and SAR at 2.4702, while the chart continues printing higher highs and higher lows.
The move from 1.61 to 3.34 shows aggressive momentum, but RSI is already around 70.4, so chasing at 3.17 carries higher pullback risk.
MACD remains positive with DIF above DEA, supporting the bullish trend, although momentum should be watched closely after such a vertical move.
I would prefer a pullback into the 2.93–2.85 area first. A deeper retracement toward 2.47–2.40 could offer a stronger demand zone if the first support fails.
If buyers reclaim and hold above 3.34, the next upside area is around 3.46. A clean breakout with volume could open further price discovery.
A sustained move below 2.40 would weaken the current bullish structure, while losing 2.30 would significantly damage the 1h trend.
Key idea: bullish structure remains intact, but confirmation on a pullback is preferable to chasing a +76% vertical move.
#MOVR #CryptoTrading #Altcoins #BinanceSquare #CryptoAnalysis $MOVR
My bias remains bullish on the 1h — price is holding above the Supertrend at 2.2975 and SAR at 2.4702, while the chart continues printing higher highs and higher lows.
The move from 1.61 to 3.34 shows aggressive momentum, but RSI is already around 70.4, so chasing at 3.17 carries higher pullback risk.
MACD remains positive with DIF above DEA, supporting the bullish trend, although momentum should be watched closely after such a vertical move.
I would prefer a pullback into the 2.93–2.85 area first. A deeper retracement toward 2.47–2.40 could offer a stronger demand zone if the first support fails.
If buyers reclaim and hold above 3.34, the next upside area is around 3.46. A clean breakout with volume could open further price discovery.
A sustained move below 2.40 would weaken the current bullish structure, while losing 2.30 would significantly damage the 1h trend.
Key idea: bullish structure remains intact, but confirmation on a pullback is preferable to chasing a +76% vertical move.
#MOVR #CryptoTrading #Altcoins #BinanceSquare #CryptoAnalysis $MOVR
