$MOVE Has the movement of coins stopped? The MOVE token, which is currently in the Monitoring category, is trading at $0.0407 (Rs 11.4) today and is facing a dip of -6.22% in the last 24 hours.
The sentiment is bearish in the short term, but one interesting thing stands out: there is a significant dominance of buyers in the order book (70.14%), indicating strong accumulation perhaps at this lower level. The first major line of support below is in the $0.0401-0.0402** area. If this also breaks, the next support can be seen around **$0.0395.
The first major resistance above is around $0.0408-0.0409. Moving averages are also showing a downward trend. The monitoring tag means that extra caution is needed. If you are interested in high-risk, high-reward plays, this accumulation could be interesting, but strictly follow your risk management rules. The market is in monitoring mode!
