🚨 $MOVR is getting interesting again.
The chart is starting to tell an interesting story.
$MOVR ripped from around $0.90 → $3.34, then suffered a brutal pullback toward $1.70.
Now price is back around $2.24 and starting to build higher again. 👀
But the bigger signal is Open Interest.
📈 OI is now around $17.6M
📈 Up 34.54% over the last 24H
📊 New positions are entering as price moves higher
Positioning is also fairly balanced:
🟢 52% long
🔴 48% short
Funding on Binance is slightly negative, meaning shorts are still active despite the recovery.
That’s where things get interesting.
After watching it run $0.93 → $3.34 and then collapse, plenty of traders may be expecting another dump.
But if price keeps climbing while OI continues expanding, those shorts could become fuel for another leg higher. 🔥
Momentum + rising OI could make this move much bigger if the setup continues to develop.
The chart is starting to tell an interesting story.
$MOVR ripped from around $0.90 → $3.34, then suffered a brutal pullback toward $1.70.
Now price is back around $2.24 and starting to build higher again. 👀
But the bigger signal is Open Interest.
📈 OI is now around $17.6M
📈 Up 34.54% over the last 24H
📊 New positions are entering as price moves higher
Positioning is also fairly balanced:
🟢 52% long
🔴 48% short
Funding on Binance is slightly negative, meaning shorts are still active despite the recovery.
That’s where things get interesting.
After watching it run $0.93 → $3.34 and then collapse, plenty of traders may be expecting another dump.
But if price keeps climbing while OI continues expanding, those shorts could become fuel for another leg higher. 🔥
Momentum + rising OI could make this move much bigger if the setup continues to develop.
