movrtoken

Moonriver (MOVR) is the native token of the Moonriver blockchain, an Ethereum-compatible smart contract parachain on Kusama used for gas, governance, and network incentives.

The price is trading around approximately $1.50–$1.60 USD (~৳255–৳272 BDT) with a small-cap market environment and low liquidity.

MOVR’s price remains far below its all-time high (~$495+ in 2021), reflecting a prolonged multi-year downtrend since the broader crypto market peaked.

Recent technical conditions show bearish sentiment and oversold readings, with slow volume and weak momentum contributing to sideways price action.

The long-term outlook depends on adoption of Kusama/EVM development, DeFi activity and broader market risk appetite; catalysts could temporarily lift price from depressed levels.

$MOVR #MOVRToken
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$MOVR /USDT TECHNICAL ANALYSIS – BULLISH BREAKOUT

$MOVR /USDT is showing bullish momentum after finding support near 2.890 USDT. The pair is approaching short-term resistance at 3.322, signaling a potential continuation toward higher levels if buyers remain strong.

Trade Idea:

Long Entry: 3.060 – 3.100

Target 1 (TP1): 3.322

Target 2 (TP2): 3.580

Stop Loss (SL): 2.890

The bullish trend is confirmed by rising 24h volume and higher lows formation. A decisive breakout above 3.322 could trigger acceleration toward the next resistance zone.

Risk Management: Keep risk below 2% of capital per trade. Move SL to breakeven after TP1 is achieved and avoid entering during sudden volatility spikes.

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