$MOVE /USDT TECHNICAL ANALYSIS: SHARP DIVE TO $0.1527 PUTS BULLS ON DEFENSIVE
The $MOVE /USDT pair is under heavy pressure, currently trading at $0.1527, after a significant daily loss of -13.09%. Despite a minor 7-day gain of +4.45%, the broader trend remains bearish with losses of -28.81% in 30 days, and a steep -75.00% over 180 days.
š Key Price Metrics:
24H High: $0.1760
24H Low: $0.1525
Volume: 69.92M MOVE, $11.41M USDT, reflecting strong sell-side pressure.
š Technical Breakdown (1H Chart):
Resistance: $0.1600 ā $0.1650 zone now acts as overhead resistance after the breakdown.
Support: Immediate support lies at $0.1500, with further downside risk toward $0.1450.
Trend: Price is making lower highs and lower lows ā confirming a continuation of the existing downtrend.
š® Outlook:
Bearish Case: A break below $0.1500 could send price toward $0.1400 and open the door for further capitulation.
Bullish Case: A reclaim of $0.1600 and strong volume could offer a short-term relief bounce toward $0.1700, but trend reversal remains unlikely for now.
ā Summary:
MOVE continues to face intense downward momentum. Bulls must defend the $0.1500 level or risk further breakdown. Caution is advised unless a clear reversal signal appears.
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