Technical analysis by SaeedSalehinia about Symbol MOVR: Buy recommendation (12/19/2024)

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. The 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 Moonbeam on Polkadot.Anyway, MOVR has been in a downtrend, a long and deep one, almost since birth. Then, MOVR broke the curved downtrend line, and a new upward wave started. Correction unfolded in a descending channel, then MOVR broke the channel and the next upward wave started. Let's see how high MOVR can go.