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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.