📈 Analysis and forecast for $MOVR on Binance: further prospects? 📉
As of June 10, 2025, 13:53 EEST, the price of $MOVR on Binance is $7.28, with a growth of 19.7% in the last 24 hours. The trading volume for the day is about $7.39M, and the market capitalization is $178.34M (with a circulating supply of 9.32M tokens). The rise is associated with interest in the Moonriver ecosystem and integration with Kusama.
Technically, $MOVR shows a strong bullish momentum. On the 4-hour chart, the 50-day SMA has crossed above the 200-day SMA, signaling an upward trend. The RSI (14) at 74 is close to the overbought zone, and the MACD shows a bullish convergence. Key resistance is at $7.50, a breakout of which could lead to $8.00. Support is at $7.00, below which a pullback to $6.50 is possible.
Forecast: In the coming days, MOVR may consolidate in the range of $7.00–$7.50, with the potential to rise to $8.00 by the end of June, supported by volume. By July 2025, a rise to $9.00 is possible if interest in Ethereum-compatible solutions remains. The long-term outlook for 2026 is $12+, provided the ecosystem expands and new partnerships are formed. Fundamentally, Moonriver benefits from its role as a Canary Network, but overbought conditions and competition are risks.
Further prospects? A 19.7% rise and a price of $7.28 are close to resistance at $7.50. Buying at $7.00 with a target of $8.00 and a stop-loss at $6.80 seems justified but requires caution due to overbought conditions. Posts on X and web data reflect a bullish sentiment, mentioning growth potential up to $14, although this requires confirmation. Stay updated with the news! #MOVR #Binance #CryptoAnalysis
