Move (MOVE) has increased 10% in the past 24 hours, bringing its market value to $1.6 billion. Indicators such as RSI and ADX confirm a strong uptrend, with RSI at 62 indicating the possibility of continued growth before reaching the overbought threshold.
MOVE is preparing to test key resistance levels, including $0.86 and possibly $1.10, marking new highs if the trend continues. However, if the uptrend cannot be sustained, it may have to retest the critical support at $0.59. A break of this level could result in new lows.
MOVE’s RSI is still below the overbought zone
MOVE’s RSI is currently at 62, up significantly from 46.6 just a day ago, suggesting that bullish momentum is strengthening. This implies increased buying pressure, supporting recent increases in MOVE’s price, making it one of the best performing altcoins in the top 100 today.
However, even though the price has increased, MOVE’s RSI has not yet surpassed 70, meaning it has not entered the overbought zone. This may imply there is still room for continued growth before the market becomes too hot.
RSI (Relative Strength Index) measures the speed and magnitude of price changes to assess whether an asset is overbought or oversold. Readings above 70 typically indicate overbought conditions, suggesting the possibility of a downside correction, while readings below 30 suggest oversold conditions, often heralding a recovery.
With MOVE’s RSI at 62, the market remains in the neutral to positive zone, suggesting the possibility of a short-term uptrend continuation. However, if the RSI approaches 70, it could indicate a weakening of momentum, which could lead to a period of correction or stabilization.
MOVE’s uptrend is getting stronger
MOVE’s DMI chart shows ADX at 30.9, up from 21 two days ago, pointing to a strengthening trend. The rise in ADX shows that the current uptrend is gaining momentum, with buyers now in full control.
With D+ at 33.2 outperforming D- at 12.11, the market is clearly dominated by bullish forces, indicating strong upward pressure on MOVE price.
ADX (Average Directional Index) measures the strength of a trend without indicating its direction. Values above 25 indicate a strong trend, while values below 20 indicate a weak or no-trend market.
MOVE’s ADX at 30.9 confirms a strong uptrend, with D+ indicating active buying and D- reflecting minimal selling pressure.
MOVE Price Prediction: Is it possible to reach around 1 USD again?
Movement has been in the news since its listing on Binance about a week ago. If the current uptrend continues, MOVE is likely to test resistance at $0.86 in the near term.
A successful break above this level could pave the way for further gains, with a target of $1.03 and possibly $1.10, making it one of the most interesting altcoins for October Two.
However, if the uptrend weakens and forms a downtrend, MOVE price could face significant downside risks. The nearest strong support is at $0.59, and a break below this will result in new lows for the coin. The coming days will determine whether MOVE maintains its upward trend or enters a correction phase.