Moonriver (MOVR)

📊 $MOVR

After weeks of accumulation, MOVR is testing the critical neckline resistance in the 1.40–1.42 region.

The current structure is becoming increasingly noteworthy:

🔹 Double Bottom formation
🔹 Possible Adam & Eve reversal formation
🔹 Rising signals on RSI
🔹 Strengthening momentum

From a Price Action perspective,

▫️ In the second support test, sellers failed to create a new dip.
▫️ Price started producing higher dips, indicating a structural change.
▫️ The supply being met in dip areas shows a classic accumulation process.
▫️ The price adhering to the resistance region instead of being suppressed under resistance suggests buyers are taking control.

If the neckline level breaks with volume and a successful retest follows, the technical target emerges around 1.70 (+%21).

For now, eyes are on the critical neckline region.

Price movements show the accumulation process is nearing its end and a new expansion move could start.

⚠️ Of course, this post is not investment advice. I recommend doing your own research.

$MOVR update: Not doing much but I do see an upper target at $4 in June. Not sure if I'll be selling there or just holding for a surprise short squeeze in the future. https://t.co/fCgHnzzRiH

$MOVR update: Starting to cross and a buy signal coming in on the 30. https://t.co/JCsZmLIj5a