#MOVE

Downtrend Reversal:

MOVE/USDT experienced a sustained decline from $0.1790 to $0.1110, forming a clear lower-lows sequence. The current daily candle shows a massive bullish engulfing bar, reclaiming prior breakdown levels and signaling a potential trend reversal.

Volume Spike: The surge is accompanied by a significant volume increase, indicating strong demand and possible whale accumulation.

Key Fibonacci Levels:

23.6%: $0.1280

38.2%: $0.1420

50.0%: $0.1450

61.8%: $0.1550

78.6%: $0.1670

Bullish Scenario

Continuation Above $0.1670:

If MOVE breaks and closes above the 78.6% retracement ($0.1670), expect a test of the previous high at $0.1790. Sustained momentum could push toward psychological resistance at $0.1800–$0.2000, especially if volume remains elevated and the broader market is supportive.

Bearish/Neutral Scenario

Rejection at $0.1670–$0.1790:

Overbought RSI and the size of the current move suggest a risk of profit-taking. If price fails to hold above $0.1550 (61.8% Fib), expect a retracement toward $0.1450 (50% Fib) or even $0.1350 (recent support)

Volatility is high; use disciplined position sizing and stop-losses.

DYOR $MOVE