Movement Coin (MOVE) is a relatively new digital currency that is often associated with high-performance blockchain projects aimed at providing a flexible and secure environment for Web3 applications, especially those that require high performance like games and decentralized applications (dApps).
⚙️ What distinguishes the Movement project?
Uses the Move language which focuses on security and reliability, the same language used by the Diem project (formerly Facebook).
Considered one of the few projects offering a Layer 1 dedicated to high performance, with scalability and improved developer experience.
Aiming to compete with projects like Aptos and Sui.
✅ Support Areas:
1. 0.1470 — Nearby support, attempts to rise have been repeated from it.
2. 0.1373 — Strong support, aligning with a previous bottom and accumulation areas.
3. 0.1276 — Distant support, representing the lowest bottoms before the recent rise.
✅ Resistance Areas:
1. 0.1516 — Current resistance (the price is currently trying to break it).
2. 0.1568 – 0.1644 — Strong resistance area (highest candle recorded in the last 24 hours).
3. 0.1666 — A clear previous peak and may be the target for the next wave.
🎯 Buy Targets (If resistance at 0.1516 is broken):
Target One: 0.1568
Target Two: 0.1644
Target Three (Extension): 0.1720 (If the momentum continues)
⚠️ Important Notes:
RSI close to 70, indicating an approaching overbought territory.
The recent green candles indicate buying momentum, but caution should be taken regarding potential correction.
The price is currently above the moving averages (MA7, MA25, MA99), providing a positive outlook in the short term.
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