MOVEUSDT — Descending Triangle Critical: Breakout or Breakdown?📊 Chart Analysis
The MOVE/USDT daily chart is currently forming a clear Descending Triangle pattern. This structure is defined by:
A downward sloping resistance trendline (yellow) that has been pressing the price lower since the beginning of the year.
A horizontal support zone (yellow box) around 0.105 – 0.125 USDT, acting as the last stronghold for buyers.
This pattern signals that the market is in a compression phase. Price has repeatedly failed to break above the descending trendline, while support has also been tested multiple times but still holds. This indicates we are entering a make-or-break moment for MOVE.
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🔼 Bullish Scenario
If price manages to break above the descending trendline with a strong daily close and rising volume, this could be a potential reversal signal.
First confirmation level: Breakout above 0.1514.
Upside targets:
TP1: 0.1514 (+20%)
TP2: 0.1841 (+46%)
TP3: 0.2465 (+96%)
With sustained momentum, a mid-term target could extend to 0.4018 or higher.
The bullish case would be further supported by signs of bullish divergence on RSI or MACD.
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🔽 Bearish Scenario
On the other hand, if price fails to hold the 0.105 – 0.125 support zone and closes daily below this area with increased volume, strong selling pressure could drive further downside.
Bearish targets:
0.087 (−31%)
0.075 (−40%)
0.050 (−60%)
A confirmed breakdown from a descending triangle within a downtrend often signals a strong continuation to the downside.
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📌 Pattern & Implications
Descending Triangle is typically a bearish continuation pattern, though false breakouts to the upside are not uncommon in crypto markets.
The current support zone is the critical decision level that will determine the next major move.
Traders should wait for a confirmed breakout or breakdown before committing, in order to avoid bull traps or bear traps.
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⚖️ Conclusion
MOVE/USDT is standing at a critical decision point.
Bullish bias if daily close above the trendline and 0.1514 with strong volume → upside potential to 0.1841 / 0.2465.
Bearish bias if daily close below 0.105 → downside targets at 0.087 / 0.075.
This is a make-or-break moment, and confirmation from price action and volume will be crucial before entering a position.
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