On the $MOVE chart, there’s a long standing falling wedge formation, which typically breaks to the upside. The price is currently testing the upper boundary of this pattern with a small green candle; if a confirmed breakout occurs, the first targets could be around 0.26, 0.36, and 0.50.
However, if the breakout fails, a pullback toward the support level at 0.12 may happen. If volume increases and an upward move starts, the red zone between 0.65 and 0.85 where strong selling pressure occurred before could be retested. This area is a major resistance, and if broken, it may unlock significant upside potential. For now, it’s at a critical point watch for volume and daily candle closures.