The cryptocurrency MOVE has experienced a significant drop in the past 24 hours, with its correction extending to 26% over the last seven days. Technical indicators, such as the RSI and Ichimoku Cloud, point to a strongly bearish outlook, with MOVE trading near oversold levels and far below the cloud. The recent formation of a death cross has intensified the downtrend, signaling increased selling pressure. However, there is a potential for price stabilization or recovery as MOVE's RSI is near oversold territory, which could attract buyers seeking discounted entry points. The Ichimoku Cloud chart further reinforces the bearish outlook, with no immediate indications of a trend reversal. MOVE's position among the top 50 altcoins has been lost due to this recent correction.
- Content Editor ( beincrypto.com )
- 2025-01-14
$100 Million Funding News Fail to Keep MOVE Price Afloat