$MOVE /USDT is currently trading in a complete pressure zone. Price is at 0.0405 and the 24h change of -8.58% has clearly put the short-term market in a bearish mood. Buyers have reacted slightly from the bottom, but the momentum still seems stronger in favor of sellers.
The chart has created a clear support at 0.0396, from where the last wick bounced. If this level holds, a quick recovery move may come, otherwise the market may present another dip. The first solid resistance upwards is forming in the 0.0418–0.0420 zone, where rejections have occurred before. If a candle closes above this resistance, a short-term target move up to 0.0435–0.0448 could be possible.
Overall sentiment is mixed — the pressure of the downtrend is alive, but there is a window for buyers to bounce as long as the support does not break. Smart entries should only be around dips, and aggressive chasing should be avoided.
