MOVEUSDT Long-Term Downtrend Line – Breakout or Downside Ahead?📊 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.
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📉 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.
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💡 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.
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