$MOVR has already done the hard part. Now it needs to prove the move can hold.
The chart has completely changed from the long accumulation ground of $0.60–$1.10. MOVR pushed all the way to $3.34, then went through a sharp cooldown and is now building a base around $1.80–$2.00.
That consolidation is the part I’m watching.
Support: $1.80–$1.85
Key support: $1.66–$1.70
Resistance: $2.10–$2.30
Major resistance: $2.80–$2.88
Previous high: $3.34
A reclaim of $2.10–$2.30 would give buyers a cleaner path toward $2.80, while a break above that zone puts $3.00–$3.34 back on the table. Current market analysis also places resistance around $2.38–$2.88 and identifies roughly $1.69 as an important downside level.
The good part is that the daily Supertrend is still below price at $1.66, and the order book is currently slightly bid-heavy.
But MOVR is under Binance’s Monitoring Tag and remains a high-volatility asset, so I’d rather see confirmation than chase a sudden candle.
For me, $1.66 is the line that keeps this recovery structure interesting. Above $2.30, the chart starts opening up again.
#Write2Earn #movr
The chart has completely changed from the long accumulation ground of $0.60–$1.10. MOVR pushed all the way to $3.34, then went through a sharp cooldown and is now building a base around $1.80–$2.00.
That consolidation is the part I’m watching.
Support: $1.80–$1.85
Key support: $1.66–$1.70
Resistance: $2.10–$2.30
Major resistance: $2.80–$2.88
Previous high: $3.34
A reclaim of $2.10–$2.30 would give buyers a cleaner path toward $2.80, while a break above that zone puts $3.00–$3.34 back on the table. Current market analysis also places resistance around $2.38–$2.88 and identifies roughly $1.69 as an important downside level.
The good part is that the daily Supertrend is still below price at $1.66, and the order book is currently slightly bid-heavy.
But MOVR is under Binance’s Monitoring Tag and remains a high-volatility asset, so I’d rather see confirmation than chase a sudden candle.
For me, $1.66 is the line that keeps this recovery structure interesting. Above $2.30, the chart starts opening up again.
#Write2Earn #movr