6 months ago
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The chart analysis by elite crypto analyst Merlijn The Trader indicates a major support zone around the $0.63-$0.66 range. This level has been examined multiple times, reflecting strong buyer interest. A clear bounce from this zone, marked by a curved bottom pattern, signals a potential trend reversal.
The latest green candle confirms bullish momentum, as buyers step in aggressively. With this strong base, the price action suggests that the price of MOVE has built enough strength to push higher, potentially setting the stage for an important rally.
The round bottom formation at the support zone is a standard reversal signal, often preceding explosive moves. This pattern indicates that sellers are losing control while buyers gain confidence. The strong upward candle further validates this shift in momentum, displaying that the price of MOVE is entering a bullish phase.
Additionally, the price has broken above the recent short-term resistance, confirming the bullish breakout. If this momentum persists, we could see a rapid push toward key non-physical levels, such as $1.00 and beyond, as traders and investors jump in.
With Merlijn The Trader’s analysis on X exhibiting the chart’s clear bullish structure, sentiment around MOVE’s price is getting hot. The solid recovery from the support zone, combined with increasing buying pressure, proposes that traders anticipate a parabolic move.
The breakout setup aligns with broader market trends, making this a thrilling moment for MOVE’s holders. If bullish momentum sustains, the next leg up could be dramatic, bringing the price toward the $1.10-$1.20 range in the coming days.
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