$MOVR spiked to 3.34 and is now back at 0.997. The entire pump is gone. 👀
Daily chart snapshot:
📉 7D: -10.27%
📉 30D: -46.16%
📉 180D: -63.10%
📉 1Y: -74.12%
The spike printed a long wick, and price has since bled out to where it started, about 70% below the top. Volume has dried up, and the daily candles are small, red, and drifting lower.
Price is now sitting below all three moving averages: MA(7) 1.022, MA(99) 1.095 and MA(25) 1.137. That stack acts as overhead supply.
Levels I'm watching:
Support: 0.934 (24h low), then 0.622 (cycle low)
Resistance: 1.022, then 1.137, then 1.682
The order book is balanced at 48% bids vs 52% asks, so there's no clear edge from either side. Bulls need a daily close above 1.022 with rising volume to even start a recovery. A break below 0.934 opens the door to a retest of 0.622.
⚠️ Heads up: MOVR carries Binance's Monitoring Tag, which flags higher volatility and risk. Size accordingly.
Was that spike a one-off pump or the start of something bigger? Drop your take below 👇
Not financial advice. DYOR.
$MOVR
#movr #CryptoTrading #CryptoAnalysis" #BİNANCESQUARE #AIChipSlumpNasdaq
Daily chart snapshot:
📉 7D: -10.27%
📉 30D: -46.16%
📉 180D: -63.10%
📉 1Y: -74.12%
The spike printed a long wick, and price has since bled out to where it started, about 70% below the top. Volume has dried up, and the daily candles are small, red, and drifting lower.
Price is now sitting below all three moving averages: MA(7) 1.022, MA(99) 1.095 and MA(25) 1.137. That stack acts as overhead supply.
Levels I'm watching:
Support: 0.934 (24h low), then 0.622 (cycle low)
Resistance: 1.022, then 1.137, then 1.682
The order book is balanced at 48% bids vs 52% asks, so there's no clear edge from either side. Bulls need a daily close above 1.022 with rising volume to even start a recovery. A break below 0.934 opens the door to a retest of 0.622.
⚠️ Heads up: MOVR carries Binance's Monitoring Tag, which flags higher volatility and risk. Size accordingly.
Was that spike a one-off pump or the start of something bigger? Drop your take below 👇
Not financial advice. DYOR.
$MOVR
#movr #CryptoTrading #CryptoAnalysis" #BİNANCESQUARE #AIChipSlumpNasdaq
