$MOVR Current price $2.83 (24h +42.30%)
In the past 24 hours it surged by 42.3%, and the price was pushed straight up to around 3.10.
This week’s overall rise has been intense too.
I feel this move is more like sentiment and capital pushing it forward.
The float is light, and the buy orders are very aggressive. On the short cycle, the price is still above 2.72; there’s no clear pullback. On the 4-hour timeframe, it’s still stacked upward.
To be fair, this kind of rally looks strong, but the foundation is thin.
Next, watch 2.72 and 3.10.
If it can hold steady with consolidation above 2.72, there may be a chance later to test 3.10. Only a breakout above on increased volume would truly open up new space.
On the other hand, if 2.72 breaks, people who chased the price are likely to panic, and short-term profit-takers will dump together downward. Right now, both bulls and bears are fighting around 3.10. If it can’t break through, sentiment will cool off.
A rally without any news is most afraid that trading volume suddenly shrinks. If the follow-through breaks, the pullback can happen quickly.
#MOVR #加密货币 #行情分析
In the past 24 hours it surged by 42.3%, and the price was pushed straight up to around 3.10.
This week’s overall rise has been intense too.
I feel this move is more like sentiment and capital pushing it forward.
The float is light, and the buy orders are very aggressive. On the short cycle, the price is still above 2.72; there’s no clear pullback. On the 4-hour timeframe, it’s still stacked upward.
To be fair, this kind of rally looks strong, but the foundation is thin.
Next, watch 2.72 and 3.10.
If it can hold steady with consolidation above 2.72, there may be a chance later to test 3.10. Only a breakout above on increased volume would truly open up new space.
On the other hand, if 2.72 breaks, people who chased the price are likely to panic, and short-term profit-takers will dump together downward. Right now, both bulls and bears are fighting around 3.10. If it can’t break through, sentiment will cool off.
A rally without any news is most afraid that trading volume suddenly shrinks. If the follow-through breaks, the pullback can happen quickly.
#MOVR #加密货币 #行情分析