🔥 $MOVR /USDT – Heavy Drop to Support! Will It Hold or Collapse Further?

$MOVR is trading at $5.51, down 7.07%, sitting just above its 24h low of $5.45 after a steep sell-off from the $6.00+ zone. The price is now below all major moving averages, confirming strong downside momentum:

MA(7): 5.557 | MA(25): 5.752 | MA(99): 5.768

📊 Technical Snapshot:

– Sharp rejection from $6.003

– Price testing key support at $5.45 – $5.50

– If broken, next support sits around $5.20

– Volume remains modest: 130K MOVR | 746K USDT

📉 Short-Term Trade Plan:

Entry: $5.45 – $5.55

TP1: $5.70

TP2: $5.90

SL: $5.25

📈 Long-Term Trade Plan:

Entry: $5.30 – $5.50

TP1: $6.00

TP2: $6.25

SL: $5.10

$MOVR is at a crucial decision point. Buyers must defend $5.45 to avoid further breakdown. A strong bounce could offer quick upside.