MOVR BTC Moonriver Technical Analysis

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By Frans van Elst

Moonriver logo In this Moonriver technical analysis, we will examine the current price action, trading volume, key levels and indicators for MOVR-BTC. Moonriver (MOVR) is a decentralized finance (DeFi) token that utilizes cutting-edge technology to provide users with a wide range of financial services. Its innovative features and user-friendly interface make it an attractive option for those looking to engage in DeFi activities. With Moonriver, users can easily access a variety of financial tools and services, all within one convenient platform.

Moonriver Price Overview:

As of May 20, 2024, Moonriver is trading at approximately 0.00021 BTC. Let’s dive into the detailed price action for MOVR-BTC:

Consider bearish sentiment for Moonriver (MOVRBTC) at 2.09e-04 BTC with technical analysis, highlighting weakened support and cautionary indicators.

Metric Value
Open (O) 0.00021
High (H) 0.00021
Low (L) 0.00021
Close (C) 0.00021
Volume (C) 1,768.11
  • Open (O): The opening price for today’s trading session was approximately 0.00021 BTC.
  • High (H): Moonriver reached a daily high of around 0.00021 BTC.
  • Low (L): The daily low for MOVR-BTC was approximately 0.00021 BTC.
  • Close (C): At the time of analysis, Moonriver is trading near its daily close of 0.00021 BTC.
Metric Value
1D Change (%) -0.95%
3D Change (%) -5.14%
7D Change (%) -13.12%
30D Change (%) -3.56%
90D Change (%) -54.55%
YTD Change (%) -64.58%

Over the past three days, MOVRBTC has fallen by approximately -5.14%, showcasing increased market volatility. Throughout the last week, it continued to decline, with a loss of around -13.12%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with MOVRBTC maintaining a downward trend of approximately -3.56%, despite intermittent fluctuations. Examining the last 90 days, MOVRBTC has witnessed substantial decrease of approximately -54.55%, reflecting strong long-term confidence. Year-to-date, MOVRBTC has steadily dropped by around -64.58%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.

Moonriver Live Chart:

You can access a live price chart for MOVR-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.

Price Volatility and Momentum:

  • Volatility score is 0.94866.
  • Momentum score is 0.03114.

MOVR BTC Technical Analysis

Moonriver Trading Volume:

The trading volume for Moonriver (MOVR) over the past 24 hours has been insignificant, with approximately 1,768.11 BTC traded against MOVR. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.

Moving Averages:

  • 50-day Simple Moving Average (SMA): MOVR is currently trading below the 50-day SMA, indicating short-term bearish momentum.
  • 200-day Simple Moving Average (SMA): Moonriver is also trading below the 200-day SMA, indicating a negative long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for MOVR-BTC is currently in the low zone, around 41.76355. This suggests that Moonriver is in bearish territory.

Analysis from TradingView:

Our Key Takeaways:

Moonriver (MOVR-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.

Consider bearish sentiment for Moonriver (MOVRBTC) at 2.09e-04 BTC with technical analysis, highlighting weakened support and cautionary indicators.

Discover even more by checking out our comprehensive analysis on MOVR USDT Moonriver Technical Analysis — a perfect follow-up if you enjoyed this post.

Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.

Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.

Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.

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