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txd102023
$MOVE (Movement) Technical View
Current trend: Bearish long-term, but showing signs of stabilization after a massive decline from its $1.45 all-time high. The token is still trading far below major moving averages and remains under pressure from ongoing token unlocks and supply expansion.
Key levels:
* Support: $0.018–0.020
* Strong support: $0.017
* Resistance: $0.021–0.023
* Major resistance: $0.028–0.032
Bullish case:
* Price has bounced roughly 20% from its recent lows.
* RSI has recovered to neutral territory, suggesting selling pressure is easing.
* A break above $0.023 could trigger a move toward $0.028–0.032.
Bearish risks:
* The overall trend remains down.
* Large token unlocks continue to create potential sell pressure.
* Failure to hold $0.018 could send MOVE back toward recent lows.
My trading view:
* Aggressive buy: $0.018–0.020
* Stop loss: below $0.017
* First target: $0.023
* Second target: $0.028–0.032
For investors, I would not chase green candles here. MOVE is still in a long-term downtrend, so buying near support is much safer than buying after a breakout.
Rating:
* Short-term (1–2 weeks): Neutral to Bullish
* Medium-term (1–3 months): Neutral
* Long-term (6+ months): Bearish until price reclaims the $0.03–0.04 zone.
Good luck my frens

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