$MOVE /USDT TECHNICAL ANALYSIS: SHORT-TERM BOUNCE, LONG-TERM DOWNTREND STILL INTACT
$MOVE /USDT is currently trading at $0.1497, showing a 1.01% intraday gain. The price has rebounded from a 24h low of $0.1346 and briefly touched a high of $0.1563, suggesting short-term buying pressure. However, the broader trend remains bearish, with significant losses over the longer timeframes — -34.74% over 30 days, and -75.68% over 180 days.
Support Zone:
The pair found short-term support around $0.1340–$0.1360, where buyers stepped in. This zone has acted as a temporary bottom in recent sessions.
Resistance Levels:
Immediate resistance lies near $0.1560–$0.1580, aligning with recent rejection levels. A clean breakout above $0.1580 could open the door for a move toward $0.1650.
Volume Insights:
24h volume shows 63.70M MOVE traded, indicating decent interest, but USDT volume of 9.45M is relatively low — suggesting the move may lack strong momentum.
Indicators & Trend View:
The overall trend on higher timeframes (30D/90D) is clearly bearish, with the price continuously forming lower highs and lower lows. The recent bounce may be corrective unless price holds above $0.1580 with volume confirmation.
Outlook:
Short-term: Mild bullish bias if price holds above $0.1490
Mid/Long-term: Still bearish unless a reversal pattern forms above $0.1650
Strategy: Caution is advised. Short-term traders may look for quick scalps above $0.1500, but long-term holders should wait for stronger confirmation of trend reversal.