MOVE/USDT: Is an imminent bounce zone after a prolonged drop?
MOVE has experienced a sustained decline since its highs in February, currently trading near $0.165, with a strongly bearish structure on higher timeframes. However, at this point, the price is beginning to generate technical conditions conducive to a short-term technical rebound.
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Arguments for a potential bounce:
Accumulated drop of over 85% from recent highs, typical of areas where speculative buyers enter seeking reversal.
Bearish extension without consolidation: each drop was followed by a smaller bounce, but now the price is starting to form what could be a support base at historic lows.
Decreasing volume indicates exhaustion of sellers, coupled with a potential divergence in RSI (if confirmed).
In 4H and 1H, an overextension is observed with increasingly shorter candles at the bottom of the channel, which may anticipate mild buying pressure.
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Key areas to watch:
Technical support: $0.160 - $0.150
Target bounce: $0.21 - $0.25
Confirmation: break of $0.18 with increasing volume
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About the MOVE project:
$MOVE is the token of the Move-to-Earn (M2E) platform, focused on incentivizing physical activity through blockchain technology. Although it has suffered the same selling pressure as many niche M2E tokens, the ecosystem remains active, and its current low market cap could open the door to strong speculative movements if interest in the sector is reactivated.
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Technical and speculative conclusion:
MOVE/USDT is in a critical zone where risk buyers could emerge looking to capture a bounce after months of selling. Although the macro trend remains bearish, current levels offer a potential bounce of +30% to +50% if volume is confirmed, ideal for scalpers or swing traders on alert.
