🚨 Technical Analysis for #movr on the Daily Timeframe! 🚨

The price action is currently forming a clear Descending Channel pattern on the daily chart 🧐 — a classic setup that often signals a phase of consolidation or correction before a potential breakout move.

💡 What’s interesting right now:

Price is showing visible signs of compression within the boundaries of the channel. This narrowing range indicates weakening momentum, often a precursor to a strong directional move 👀

📈 If the price breaks out above the upper resistance line, it could trigger a bullish rally, targeting the $14.60 level as the next major resistance 🎯

📊 Keep a close eye on how the price behaves near the top of the channel. A breakout confirmed by strong volume or a decisive daily candle close above the resistance could signal the start of a new leg up!

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