MOVE - Movement, will it be so?

📊 MOVE/USDT Technical Analysis 🔍
The chart indicates that the asset is in a consolidation phase after a strong downtrend. Currently, the price is approaching a key resistance level, defined by the descending trendline. Let’s analyze the key points to watch:

🔹 Support and Resistance Levels (Possible stage 1 to break!)
Key Resistance: $0.60 - $0.65 (highlighted blue zone) → A breakout above this level could trigger a strong bullish move.
Major Support: $0.40 - $0.42 (highlighted blue zone) → A drop below this zone could invalidate the bullish structure.
📈 Technical Indicators
EMA 4 (black line) and longer EMA (green line) → The price is currently testing these levels, which could act as dynamic resistance.
RSI (Relative Strength Index) → Sitting near 50, indicating a neutral momentum. A move above 55-60 could confirm bullish strength.
📉 Trend Outlook
MOVE/USDT has been in a prolonged downtrend, with the descending trendline acting as a strong resistance.
If the price breaks above the $0.60 - $0.65 level, the next target zones are:
$0.80 - $0.85 (Intermediate target)
$1.20 - $1.30 (Major resistance zone from previous highs)
However, if the price gets rejected at the trendline and loses support at $0.42, we could see another bearish leg down.

🎯 Conclusion
The next move depends on whether MOVE/USDT can break above the descending resistance and the key $0.60 level. Watch for increasing volume and RSI confirmation to validate a potential breakout.