- MOVE has formed a strong accumulation base between $0.120 and $0.140, attracting buyers preparing for a possible bullish reversal.
- Price broke above a descending trendline that defined the months-long downtrend, signaling the possible end of MOVE’s bearish structure.
- A breakout above the $0.18 resistance may trigger a rapid rally toward $1 and potentially $2 during the ongoing market cycle.
MOVE/USDT is trading around $0.14, over 90% below its all-time high. Current price action suggests possible early signs of trend reversal.
MOVE Trades in Accumulation Zone with Breakout Potential
Since June, the price of MOVE has been going through a period of consolidation between the areas of $0.120 and $0.140, creating a strong accumulation range.This range has provided reliable support, attracting long-term buyers positioning ahead of a potential bullish cycle.
Crypto analyst CryptoPatel stated on X (formerly Twitter) that MOVE is showing signs of accumulation and possible breakout. The tweet added that if MOVE breaks above the $0.18 resistance, the asset could rally toward $1.00 or even $2.00.
MOVE recently broke above a descending resistance line that had kept the asset in a downtrend since February. This technical development may indicate the end of its bearish phase. The current structure will remain valid as long as MOVE stays above $0.110.
Resistance at $0.18 Remains Key to Bullish Continuation
The $0.18 resistance level has now become the primary zone to monitor. A confirmed close above this threshold could open the door for strong upward momentum.
Based on current chart structure, breaking above $0.18 could trigger an 8x move, taking the price toward $1.00. If bullish momentum intensifies during a broader market uptrend, MOVE could extend toward $2.00 during the current cycle.
However, a breakdown below $0.110 would invalidate this bullish setup. This would suggest that the accumulation zone has failed, and the price may return to bearish conditions.
MOVE Sees Price Bump with Rising Trading Volume
At the time of writing MOVE is trading for $0.147, representing a 5.10% move during the last 24hs. It trades on 24 hour of trading volume of $71.98 million showing buy interest in the traders.
With volume rising and price structure holding above support, MOVE is now at a critical juncture. Traders and analysts are watching closely as the asset tests this possible turning point.
