MOVR ripped 34.4% in 24 hours, running from a 7-day low of 0.622 up to 0.888 before easing off. That's a 42.8% move off the bottom, and now price is sitting right on the EMA20 at 0.8375, about 6% below spot.
RSI is at 59, so this isn't an overheated chart despite the size of the move. Volume is steady rather than spiking, ratio just above average at 1.02.
This reads as a momentum pullback. Holding the 0.8375 EMA20 keeps the long case alive with the 7-day high near 1.17 as the level to watch above. A close below that EMA20 line is what breaks the setup and says the run is done for now.
💥 MASSIVE: $FRIEND just soared over 2,800% after crypto trader Machi Big Brother offered $1M to acquire FriendTech and relaunch it through a community takeover.
Machi previously spent roughly 5,200 ETH ($16.7M) to buy 11M $FRIEND tokens.
Lookonchain says he is now sitting on over $16M in unrealized losses on the position.
TUT rips 95% off its low, now testing the EMA20 that decides what's next
TUT has ripped 27.7% in the last 24 hours and is now sitting 95.6% above its 7-day low. That's the kind of move that needs a level to prove itself on, and here it's the EMA20 at 0.0531. Price is trading around 0.0577, still 8.57% above that EMA20, with EMA50 stacked just below at 0.0514. RSI at 64 shows momentum without being stretched into exhaustion territory. Volume is running at $44M, 1.83x normal, so this isn't a quiet drift higher. The read is simple. Hold the EMA20 and the 7-day high at 0.0828 is the next magnet. Lose 0.0531 and the pullback turns into something deeper, since EMA50 is the only thing sitting underneath it. $TUT
RSI is at 69, getting hot. The whole move is on $10M volume. Either it punches through that high now or this was just exit liquidity for sellers from the 7d top.
I'd fade this run. My read is wrong on a 4h close above 0.00946.
The short on SAND from 0.0411 is currently wrong. Price is 0.0420.
It chopped up to 0.0430, testing the invalidation at 0.0433 but never touching it. The thesis was a breakdown; the tape printed a slow grind up instead.
The setup is underwater but not dead. I'm wrong until it breaks down, but I'm not stopped until 0.0433.
$SAND #TechnicalAnalysis
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🇬🇧BREAKING: The UK government is formally ordering the Bank of England to advance stablecoin and digital money innovation, a directive that has never been issued to a G7 central bank before.
For years the Bank of England studied, consulted, and delayed while the US passed stablecoin legislation and Europe went live with MiCA. The UK watched from the sidelines.
A formal government order changes that entirely. This is not a suggestion or a policy paper. It binds the institution to act.
The City of London did not become the world's financial center by moving second. Someone just decided it will not move second on digital money either.