Quick technical analysis of MOVE/USDT – as of May 2, 2025

The current chart indicates a continuation of the downward trend on the daily timeframe:

• Current price: $0.1873 (-23.68% over 24 hours)

• Lowest price in 24 hours: $0.1807

• Highest price in 24 hours: $0.2540

• Moving Averages: The price is below MA(7) and MA(25) and MA(99) → Bearish signal.

• MACD Indicator: Bearish crossover (DIF: -0.0073 / DEA: -0.0078) → Clear selling momentum.

• RSI Indicator (6): at 19.59 → in the oversold area.

• Stochastic RSI: 0.0000 → Strong signal for oversold as well.

Conclusion:

The market is under heavy selling pressure, and momentum indicators suggest the possibility of continued decline in the short term. It is preferable to wait for a clear reversal signal or a breakout of the resistance level before buying.

Notice: This analysis is not investment advice, but a technical opinion based on current data

$MOVE

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