Technical analysis by anandahaidarr about Symbol MOVE: Buy recommendation (12/26/2024)

The MOVE/USDT chart shows an interesting price action. After completing an accumulation phase within the consolidation zone (highlighted in purple), the price successfully broke out to the upside, creating a Break of Structure (BOS) that signals a shift to a bullish trend. Currently, the price is retesting the yellow line (breakout zone), which now acts as a new support level. If this retest holds and the price stays above the yellow line, there's strong potential for further upside with Fibonacci Extension targets: - 127.20% (1.2891 USDT) as the first target, - 161.80% (1.5178 USDT) as the second target, and - 261.80% (2.4332 USDT) as the extended bullish target if momentum continues to build. However, if the price fails to hold this support, a deeper correction could occur before resuming the uptrend. Keep an eye on this retest area to confirm the breakout. 🚀 #MOVEUSDT #CryptoAnalysis #Breakout hf