MOVE/USDT- May 6, 2025 Analysis MOVE is at $0.1939 today - up +18% in 24 hours. Technical indicators (4h): RSI (6): 83.4 - In the overbought zone. There is a risk of a short-term correction. ·MACD: Green bars are increasing consistently, MACD crossed the signal line upwards - strong buying momentum is confirmed. ·MA(7): 0.1729, MA(25): 0.1789 The price is above both middle lines, which is a positive signal. MA(99):0.2212- The main resistance remains above.
Support level: $0.1780 Resistance level: $0.2095 and then $0.2212 Conclusion: Against the backdrop of strong buying pressure, the price may approach the $0.21 test. However, since the RSI is very high, there is also a risk of a short-term correction in these zones. Do not forget about risk management. [Open a Binance account and get 20% commission discount - referral link here]
