MOVRUSDT – Bullish Momentum Building on Daily Chart
The daily chart is indicating short-term upward momentum, supported by a bullish crossover of the 50-day and 200-day SMAs on the 4-hour timeframe. RSI is hovering around 74, showing strong buying pressure without being extremely overbought. MACD is bullish, and price action is pressing against key resistance at $7.50. A breakout above this level with strong volume could trigger the next leg up toward $8.00 and beyond. Watch for consolidation between $7.00–$7.50 as a potential accumulation zone.
The daily chart is indicating short-term upward momentum, supported by a bullish crossover of the 50-day and 200-day SMAs on the 4-hour timeframe. RSI is hovering around 74, showing strong buying pressure without being extremely overbought. MACD is bullish, and price action is pressing against key resistance at $7.50. A breakout above this level with strong volume could trigger the next leg up toward $8.00 and beyond. Watch for consolidation between $7.00–$7.50 as a potential accumulation zone.
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