$MOVE Chart Dissection (15m Timeframe)
Downward Bias 🧯🧢
Price💳: ≈$0.5687, hovering just under short-term moving averages (EMA(7) ≈$0.5702, EMA(25) ≈$0.5753).
Trend↘📉: Price is below these EMAs, suggesting a minor downtrend or at least a consolidation with a bearish $MOVE tilt.
Momentum Indicators
Williams %R: Around -84, indicating oversold territory on this short timeframe. This sometimes precedes a bounce, but it’s not a guarantee.
📌OBV (On-Balance Volume): Around 610M, showing active trading, but the recent price drop suggests sellers have dominated. If OBV stabilizes or starts rising, it could signal renewed buying interest.
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