📊 MOVE/USDT Chart Analysis (1D Timeframe)
On the daily chart, MOVEUSDT has been locked in a strong downtrend since early 2025. The dominant descending trendline (yellow) clearly outlines the continuous selling pressure, with a series of lower highs and lower lows.
Price is currently trading just below this trendline and hasn’t confirmed a breakout yet. However, there are signs of accumulation in the lower zone, indicating a possible trend reversal if a breakout is confirmed.
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📌 Identified Pattern
A descending triangle has formed in the medium term, though its bearish momentum seems to be weakening.
A potential double bottom pattern may be developing near the $0.1200–$0.1300 support area.
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📈 Bullish Scenario
If the price manages to break above the descending trendline and close above the key resistance at $0.1841, we could see a bullish continuation toward:
Target 1: $0.2200
Target 2: $0.2465
Target 3: $0.4018
Further upside could aim for Fibonacci retracement levels like $0.6170, $0.8188, and potentially $1.1246 if volume confirms the breakout.
A strong bullish confirmation would come with high volume and a daily candle close above the trendline.
---
📉 Bearish Scenario
If the price gets rejected at the trendline again and breaks down below the $0.1200 support:
Next support levels to watch: $0.0900
Followed by $0.0650 and $0.0490 if bearish momentum increases.
A breakdown below these zones may signal a continuation of the long-term downtrend.
---
💡 Conclusion
MOVEUSDT is at a crucial decision point. A breakout from this long-standing downtrend could trigger a significant trend reversal, while another rejection might continue the bearish cycle. Watch for volume spikes and daily closes above the trendline to confirm the next move.
#MOVEUSDT #CryptoChart #TechnicalAnalysis #CryptoBreakout #AltcoinWatch #TradingStrategy #DescendingTrendline #FibonacciLevels #CryptoSupportResistance #BullishSetup #BearishSetup
On the daily chart, MOVEUSDT has been locked in a strong downtrend since early 2025. The dominant descending trendline (yellow) clearly outlines the continuous selling pressure, with a series of lower highs and lower lows.
Price is currently trading just below this trendline and hasn’t confirmed a breakout yet. However, there are signs of accumulation in the lower zone, indicating a possible trend reversal if a breakout is confirmed.
---
📌 Identified Pattern
A descending triangle has formed in the medium term, though its bearish momentum seems to be weakening.
A potential double bottom pattern may be developing near the $0.1200–$0.1300 support area.
---
📈 Bullish Scenario
If the price manages to break above the descending trendline and close above the key resistance at $0.1841, we could see a bullish continuation toward:
Target 1: $0.2200
Target 2: $0.2465
Target 3: $0.4018
Further upside could aim for Fibonacci retracement levels like $0.6170, $0.8188, and potentially $1.1246 if volume confirms the breakout.
A strong bullish confirmation would come with high volume and a daily candle close above the trendline.
---
📉 Bearish Scenario
If the price gets rejected at the trendline again and breaks down below the $0.1200 support:
Next support levels to watch: $0.0900
Followed by $0.0650 and $0.0490 if bearish momentum increases.
A breakdown below these zones may signal a continuation of the long-term downtrend.
---
💡 Conclusion
MOVEUSDT is at a crucial decision point. A breakout from this long-standing downtrend could trigger a significant trend reversal, while another rejection might continue the bearish cycle. Watch for volume spikes and daily closes above the trendline to confirm the next move.
#MOVEUSDT #CryptoChart #TechnicalAnalysis #CryptoBreakout #AltcoinWatch #TradingStrategy #DescendingTrendline #FibonacciLevels #CryptoSupportResistance #BullishSetup #BearishSetup
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✅ Get Free Signals! Join Our Telegram Channel Here: t.me/TheCryptoNuclear
✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.