Although fundamentally Moonriver is solid, it may be too new to sustain current levels. On chain activity recently hasn't been so great with liquidity pulling and fear as MOVR takes its time to break new highs. A break of the horizontal support I would speculate a significant correction.
My previous idea became invalid. Thus, here some updated TA on MOVR.
MOVR is now forming a descending triangle--a bearish chart pattern (that usually forms during a downtrend as a continuation pattern). The pattern 'normally' indicates that sellers are more aggressive than buyers hence "lower highs". Thus, we might see a trend reversal at play. Wait for the...
Good news! Movr currently is in a falling wedge pattern which is a bullish pattern we can expect a bounce from 288- 290.
Good buying zone (Spot)
DCA from that zone (Important)
Potential long-term gain
Current Cap $659,736,687
Current Price $353
Target Cap $1,500,000,000
Target Price $882 - $926
Fan base Growth is 188%/month - Data source cryptologi.st
Not listed on Binance and many major exchanges yet.
Type: smart contract blockchain and extremely undervalued as it is new compare to similar projects
MOVR bounced up from previous support at 279usdt and gone above 309usdt. Wants to broke out from this big descending channel formed 10 days ago. SRSI on 1hr chart looks like wants to go down, already too high, so we could see some kind of pullback or retest of previous support levels or just slide down above resistance trendline until SRSI cools off. If BTC dumps...
Moonriver has been running like there is no limit. Went from $5 to $300 in less than 3 weeks. It's too early to say much about its chart, but keep it on your watch list. This could be the next Solana or ETH.
Moonbeam simplifies the developer experience by combining full Ethereum compatibility with the power of Polkadot, including...
Moonriver has been one of my secrets and has performed awesome so far, only big things to come once fully deployed...
here: resistance turned support, tested many times (stop hunts), trendline broken and retested, fibb retracement: 78.6 halted by broken trendline retest/support, 61.8 currently holding up.
I love the moon river project. It's basically ETh 2.0 before eth 2.0. however, I need to wait for price action to dictate if this is going to break to the upside or downside. Measured move in either direction, not a good buy right now and I don't want to give my profits back to the market. This is a wait and see scenario
What Is Moonriver (MOVR)?
Moonriver is an Ethereum-compatible, smart-contract parachain on Kusama. It is intended to be a companion network to Moonbeam, where it will provide a permanently incentivized canary network. New code will ship to Moonriver first, where it can be tested and verified under real economic conditions. Once proven, the same code will ship to...
Moonriver is a very sophisticated,fast paced and easy to work layer 1. This is EVM friendly and has been in design for years with the assistance of Dr. Gavin Wood.
$MOVR so far has been the most successful parachain in the Kusama network, mainly in terms of explosive price appreciation and a vibrant loyal community. 87% of Crypto Twitter believes that $MOVR has...