$MOVR/#USDT [#Moonriver]: Resistance_Breakout_Confirmation◳◱ A Resistance Breakout and Confirmation has been detected on the $MOVR / $USDT chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. The next resistance key levels are located at 9.22 | 10.38 | 12.6, and the major support zones can be found at 7 | 5.94 | 3.72. Consider entering a trade at the current price zone of 8.8 and targeting higher levels.
◰◲ General info :
▣ Name: Moonriver
▣ Rank: 318
▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Mexc
▣ Category/Sector: Infrastructure - Smart Contract Platforms
▣ Overview: Moonriver is a parachain on the Kusama network. Kusama is a "canary network" which encourages experimental development prior to implementation on the Moonbeam sister chain on Polkadot. Like Moonbeam, Moonriver is an EVM-compatible smart contract platform built using the Substrate framework. The network has a native token called Moonriver (MOVR), which will allow holders to participate in consensus through staking, paying for transactions, and vote on governance proposals.
◰◲ Technical Metrics :
▣ Mrkt Price: 8.8 ₮
▣ 24HVol: 3,450,237.846 ₮
▣ 24H Chng: 9.453%
▣ 7-Days Chng: 13.37%
▣ 1-Month Chng: -2.78%
▣ 3-Months Chng: 27.42%
◲◰ Pivot Points - Levels :
◥ Resistance: 9.22 | 10.38 | 12.6
◢ Support: 7 | 5.94 | 3.72
◱◳ Indicators recommendation :
▣ Oscillators: BUY
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 0.02
▣ Last 90D: 1.08
▣ Last 1-Y: -1.19
▣ Last 3-Y: -0.39
◲◰ Volatility :
▣ Last 30D: 1.17
▣ Last 90D: 0.92
▣ Last 1-Y: 1.04
▣ Last 3-Y: 1.41
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.38 - Bearish
▣ Reddit sentiment score is 0.76 - V. Bullish
▣ In-depth MOVRUSDT technical analysis on Tradingview TA page
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