$MOVE /USDT Daily Chart Analysis – Relief Rally or Reversal?

🎯 Current Price: $0.1366 (+16.85%)

🕰️ Timeframe: 1D

📉 Trend: Long-term downtrend, short-term bounce

🔍 Technical Overview:

After months in a grinding downtrend, MOVE printed a strong green candle today, gaining nearly 17% from the lows — but context is critical here.

📊 Moving Averages:

MA 7: $0.1293 → price broke above for first time in weeks ✅

MA 25: $0.1415 → next hurdle to flip structure

MA 99: $0.2470 → deep resistance zone, likely untouched unless serious momentum builds

🔥 Bullish Hints:

First real impulse candle since early May

RSI likely oversold (based on trend behavior)

Daily close above $0.14 could flip the narrative short-term

⚠️ Red Flags:

MA stack still heavily bearish (price < MA25 < MA99)

No clear breakout from falling wedge or base — this could be a dead cat bounce

Volume needs to confirm — a single green day isn’t trend reversal by itself

📌 Levels to Watch:

Resistance:

$0.1415 (MA25)

$0.1650 (May lower high)

$0.20 psychological & structural zone

Support:

$0.1290 (MA7)

$0.1150 (June local bottom)

$0.10 – make-or-break for bullish hopes

🧠 Strategy Insight:

This bounce is a potential early signal, not confirmation. Conservative bulls will likely wait for price to reclaim MA25 + consolidation above $0.15. Intraday traders may try to catch the momentum up to $0.16–0.17 but tight stops are essential.

💡 If today’s move is followed by continuation and volume, MOVE could target $0.18+ in short-term — but for now, the trend is still your enemy.

⚠️ DYOR – Do Your Own Research. This is not financial advice. Markets can be volatile — always trade responsibly!