🔥 $MOVR /USDT: FROM DOWNTREND TO POTENTIAL REVERSAL❓❗
MOVR is showing signs of life again after a prolonged decline. ⚡The token is up 13–15% in the last 24h, trading near $6.87, with volume crossing $23.9M.
🔎 Key Insights:
Breakout spotted from a descending channel / symmetrical triangle → possible trend shift.
Mixed signals: MAs lean bearish, but oscillators flash buy → sentiment is rapidly changing.
✅ Support: Recent breakout levels must hold.
✅ Resistance: Breaking and holding above $7.50+ could fuel further upside.
Scenarios to Watch:
1. Bullish Continuation: Breakout sustains → momentum builds.
2. Healthy Pullback: Retest of breakout levels before another move up.
3. Bearish Reversal: Failure to hold support could drag price back into the downtrend.