Here’s a sharp breakdown of Moonriver (MOVR/USDT) base on current chart.
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🔻 1. Trend: Strong Bearish Continuation
* Clear downtrend after rejection at 2.20 * Continuous lower highs + lower lows * Parabolic SAR above candles → trend still bearish * No structure break yet → sellers in control
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📉 2. Momentum Signals
RSI (6/12/24):
* Around 30–35 range * Slight bounce, but still weak → no real reversal * Indicates oversold but not turning bullish
MACD:
* Still below zero line * Histogram flattening → selling pressure slowing * ⚠️ Early sign of possible short-term bounce, not reversal
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