$MOVR /USDT Market Analysis โ Bullish Continuation Ahead? ๐
Current Price: $7.676 (+5.70%)
๐ 24H High: $8.246 | 24H Low: $7.262
Moonriver ($MOVR) is showing a steady uptrend within the Layer 1 sector. Bulls are defending key support levels, and a push above $7.80-$8.00 could trigger a breakout.
๐น Support Levels: $7.40 - $7.50 โ Strong buying interest in this range.
๐น Resistance Levels: $7.80 - $8.25 โ Breaking above could send it toward $8.50+.
๐ Trading Strategy:
๐ Long Setup (Bullish Play):
Entry Zone: $7.60 - $7.70
Target 1: $7.90
Target 2: $8.20+
Stop-Loss: $7.40
๐ Short Setup (Rejection Scenario):
Entry Zone: $8.20 - $8.30
Target: $7.70
Stop-Loss: $8.40
๐ก Indicators to Watch:
MACD: Bullish crossoverโmomentum favours upside.
RSI: Approaching overboughtโwatch for potential pullback.
BOLL: Price is near the upper band, signalling strong trend continuation.
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