When MOVE coin repeatedly tests key resistance levels, seasoned traders are already prepared for two scenarios!
Technical aspect: The battle between bulls and bears is imminent!
Key price level:
Resistance level: $0.1612 (clearly marked in the chart), breaking here means vast prospects ahead!
Support level: $0.1551 (23.6% retracement level), if broken, may retest $0.1513 (38.2% level).
Indicator signals:
Volume coordination: Recent transactions show large orders executed in the $0.1606-$0.1608 range, the main force is testing resistance.
Market insights: A commission ratio of +0.13% indicates a slight advantage for buying, but there are heavy sell orders above $0.1610.
Technical conclusion: Stabilizing above $0.1612 will likely push to $0.17, while falling below $0.1551 may pull back 5-8%!
News front: Three major catalysts for a surge!
Main force action: Large transactions concentrated in the $0.1606-$0.1608 range, clearly institutions are testing the waters.
Ecological progress: It is rumored that MOVE chain will announce major cooperation next week (with a certain top exchange?).
Market heat: Similar public chain coins have recently surged 20%, funds might rotate into MOVE.
Future market prediction: Two scenarios!
Surge scenario:
Break above $0.1612 → First target $0.17 (+5%) → If accompanied by good news, it may surge to $0.18!
Consolidation scenario:
Consolidating between $0.1551 and $0.1612, waiting for new funds to enter.
Why won't it crash?
$0.1551 has strong support.
The main cost is around $0.158, and they will not easily sell off.
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