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The Movement price has surged 7% in the last 24 hours to trade at $0.4812 as of 3:30 a.m. EST on a 25% pump in trading volume to $375 million.
The surge in the MOVE price has propelled the token to the top of CoinMarketCap’s list of trending cryptocurrencies.
Movement Price Consolidates After Sharp Rebound
The MOVE/USDT pair is showing signs of bullish momentum after rebounding strongly from the $0.42 – $0.43 support zone. This area has proven to be a solid demand region, as the price bounced sharply from it, indicating strong buyer interest.
The recovery has positioned MOVE for a potential breakout, with key resistance levels at $0.55 and $0.60. If the price successfully breaks through these barriers, it could spark a rally toward $0.65 or higher, driven by renewed market confidence.
A closer look at the price action indicates multiple trendline breaks, signaling shifting market dynamics. The descending wedge breakout is a pattern that often marks the beginning of a bullish reversal. However, the price is yet to fully confirm a strong uptrend, as it remains in a consolidation phase.
MOVEUSDT Analysis Source: Tradingview
The Relative Strength Index (RSI) is hovering between 49 and 52, reflecting neutral momentum. A push above 60 would validate bullish strength, while a dip below 40 could increase selling pressure, leading to further downside.
For a bullish continuation, MOVE must clear the $0.55 resistance level with strong volume. A decisive breakout could propel the price toward $0.60 – $0.65, where the next resistance lies. However, if the price fails to hold its current momentum and drops below $0.43, it could trigger renewed selling, with a possible decline toward $0.35 – $0.38.
As long as the price stays above $0.42, the market remains in favor of buyers, but a confirmed breakout is essential for sustained upward movement.
Meme Index Presale Surges Toward $4 Million – Last Chance To Buy
As Movement consolidates, investors are turning their attention to a new meme coin called Meme Index (MEMEX), which has already raised over $3.9 million in its presale.
Meme Index, the first-ever meme coin index, has announced that its presale will officially come to an end on March 31, giving investors a final opportunity to get in before its highly anticipated launch.
This innovative project allows users to diversify their meme coin investments through four unique baskets: the Meme Titan Index, the Meme Moonshot Index, the Meme Midcap Index, and the Meme Frenzy Index.
Each basket is designed to match different risk appetites, from the relatively stable Meme Titan to the high-risk, high-reward Meme Frenzy, which focuses on emerging and volatile meme coins.
The popular YouTube channel 99Bitcoins, which has over 726k subscribers, predicts that the MEMEX could soar 100x after launch.
Investors are also drawn to the project’s presale staking pool, which currently offers an impressive 573% annual yield.
For those looking to buy MEMEX before the presale ends, tokens are available on the official website for just $0.0166883.
You can connect to a wallet like Best Wallet and purchase MEMEX using USDT, ETH, BNB, or a bank card.
Visit the Meme Index website before the presale ends in 20 days.
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