$MOVE /USDT Daily Chart Analysis – Relief Rally or Reversal
koinmilyoner
Updated at: 4 hours ago
{"content":"$MOVE /USDT Daily Chart Analysis – Relief Rally or Reversal?
🎯 Current Price: $0.1366 (+16.85%)
🕰️ Timeframe: 1D
📉 Trend: Long-term downtrend, short-term bounce
🔍 Technical Overview:
After months in a grinding downtrend, MOVE printed a strong green candle today, gaining nearly 17% from the lows — but context is critical here.
📊 Moving Averages:
MA 7: $0.1293 → price broke above for first time in weeks ✅
MA 25: $0.1415 → next hurdle to flip structure
MA 99: $0.2470 → deep resistance zone, likely untouched unless serious momentum builds
🔥 Bullish Hints:
First real impulse candle since early May
RSI likely oversold (based on trend behavior)
Daily close above $0.14 could flip the narrative short-term
⚠️ Red Flags:
MA stack still heavily bearish (price < MA25 < MA99)
No clear breakout from falling wedge or base — this could be a dead cat bounce
Volume needs to confirm — a single green day isn’t trend reversal by itself
📌 Levels to Watch:
Resistance:
$0.1415 (MA25)
$0.1650 (May lower high)
$0.20 psychological & structural zone
Support:
$0.1290 (MA7)
$0.1150 (June local bottom)
$0.10 – make-or-break for bullish hopes
🧠 Strategy Insight:
This bounce is a potential early signal, not confirmation. Conservative bulls will likely wait for price to reclaim MA25 + consolidation above $0.15. Intraday traders may try to catch the momentum up to $0.16–0.17 but tight stops are essential.
💡 If today’s move is followed by continuation and volume, MOVE could target $0.18+ in short-term — but for now, the trend is still your enemy.
⚠️ DYOR – Do Your Own Research. This is not financial advice. Markets can be volatile — always trade responsibly!","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025062025/06/23/41a8b7c94fe248cebb2f3fd56d719036.png"],"tags":[],"tradingPairs":["MOVE/USDT"],"quotearticleid":0}