Market Overview for Movement/Tether (MOVEUSDT) – 24-Hour Analysis (2025-09-18)

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• Price for MOVEUSDT rose 1.43% over 24 hours, forming a bullish continuation with volume surging mid-day.
• RSI and MACD confirmed positive momentum, while Bollinger Bands expanded as volatility increased.
• A key breakout above 0.1322 may target 0.1335, with 0.1305 acting as immediate support.
• Divergence in volume was observed during afternoon pullbacks, suggesting potential consolidation.

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The Movement/Tether pair (MOVEUSDT) opened at 0.1250 on 2025-09-17 12:00 ET and reached a high of 0.1335 by 2025-09-18 12:00 ET, closing at 0.1322 after hitting a low of 0.1232. Total volume was 11,827,451.7 and notional turnover amounted to $1,545,853.3 (calculated as volume × price).

Structure & Formations

MOVEUSDT has developed a bullish trend over the last 24 hours, with price forming a series of higher highs and higher lows. A key support level was identified near 0.1305, where multiple candlestick bodies closed near the lows. A bullish engulfing pattern appeared at 0.1294–0.1303, followed by a confirmation candle at 0.1303–0.1308. A strong bearish rejection appeared at 0.1335–0.1333, suggesting a potential short-term resistance. A doji formed at 0.1333–0.1333, signaling a possible pause in momentum.

Moving Averages

On the 15-minute chart, price closed above both 20SMA (0.1318) and 50SMA (0.1306), indicating bullish bias. The 20SMA crossed above the 50SMA in the early hours, forming a golden cross. On the daily chart, the 50DMA (0.1294) and 100DMA (0.1286) were below the current price, showing short-term strength. The 200DMA (0.1265) remains well below, reinforcing bullish sentiment.

MACD & RSI

The 15-minute MACD (12, 26, 9) showed a positive histogram with the line above the signal line, confirming bullish momentum. RSI has oscillated between 45 and 62, indicating moderate strength and no overbought condition yet. A divergence between price and RSI was noted during the mid-afternoon pullback, suggesting a possible retracement or consolidation phase.

Bollinger Bands

Volatility expanded significantly in the late afternoon, pushing the upper Bollinger Band to 0.1337 and the lower to 0.1299. Price spent much of the last 24 hours trading near the upper band, signaling bullish bias. A contraction occurred early in the session before the breakout, setting up for increased volatility.

Volume & Turnover

Volume surged during the 18:00–20:00 ET window, coinciding with the key breakout above 0.1305. The largest single 15-minute volume spike occurred at 20:15 ET, with 1,054,477.9 traded. Notional turnover followed suit, peaking at $137,762.1 during that hour. A divergence between rising price and falling volume in the 03:15–04:00 ET window suggests weakening momentum, potentially signaling a pause.

Fibonacci Retracements

Applying Fibonacci to the 0.1232–0.1335 swing, key levels include 0.1305 (38.2%), 0.1297 (50%), and 0.1289 (61.8%). Price appears to be finding support near the 38.2% level, with a potential test of 0.1335 expected in the next 24 hours if the bullish trend continues.

Backtest Hypothesis

Given the bullish structure, confirmed by the 20SMA golden cross and MACD histogram turning positive, a potential backtesting strategy could involve a long entry at 0.1305 with a stop-loss below 0.1297 (Fibonacci 50% level) and a take-profit at 0.1335 (Fibonacci 38.2% extension). The volume confirmation at 0.1305 and the absence of overbought RSI suggest that the trade is supported by both price and momentum.

This setup could be tested historically over similar bullish breakouts in altcoins with comparable volatility and volume profiles, particularly in mid- to large-cap tokens with strong on-chain activity. Adjustments could include trailing stops or scaling in at key Fibonacci levels to manage risk and maximize potential returns.