Market Overview for Moonriver/Tether (MOVRUSDT) as of 2025-09-25

• MOVR/USDT dropped to a 24-hour low of $5.291, showing bearish momentum with a close of $5.390.
• Volatility increased significantly, with price swinging between $5.281 and $5.477 in the past 24 hours.
• Volume surged near the $5.30 and $5.40 levels, suggesting key support and resistance areas.
• RSI and MACD show signs of bearish divergence, with momentum weakening on the downside.
• Price appears to be consolidating near the 61.8% Fibonacci retracement level from the recent high.

Moonriver/Tether (MOVRUSDT) opened at $5.684 on 2025-09-24 at 12:00 ET and closed at $5.390 by the same time on 2025-09-25. The pair reached a high of $5.72 and a low of $5.291 during the 24-hour period. Total volume for the period was 147,209.53 MOVR, with a notional turnover of approximately $753,131.

Over the past 24 hours, MOVR/USDT experienced a sharp decline, breaking through a key support level around $5.40. The price formed several bearish candlestick patterns, including a large bearish engulfing pattern near the $5.58 level and multiple long-tailed dojis during the consolidation phase in the early morning hours. These patterns suggest weakening bullish sentiment and a possible continuation of the downward trend.

The 20 and 50-period moving averages on the 15-minute chart show a bearish crossover, indicating short-term bearish momentum. The daily chart shows the 50-period MA below the 200-period MA, reinforcing a longer-term bearish bias. The price is currently trading well below both the 20 and 50-period MAs, signaling further bearish potential in the near term.

MACD lines showed a bearish crossover in the early morning session, followed by a declining histogram, which supports the idea of diminishing bullish momentum. RSI dipped below 30 in the latter half of the 24-hour period, suggesting oversold conditions. However, the price has not yet shown a strong enough bounce to confirm a reversal, and the RSI divergence from price action implies that the bearish trend may continue.

The Bollinger Bands have widened significantly, reflecting increased volatility, with price closing near the lower band. This positioning suggests the market is reacting to a strong downward move, and a rebound from the lower band may be in play, but with continued bearish momentum, it’s more likely that the price will continue to test the lower boundary of the bands.

Notable volume spikes occurred near key price levels, including $5.30 and $5.40, indicating accumulation or distribution activity. However, the price has failed to hold above $5.40, suggesting bearish control. Turnover and volume are aligned with price action, with no significant divergences to suggest a reversal.

Fibonacci retracement levels from the recent swing high at $5.72 and low at $5.291 show that the price closed near the 61.8% level at $5.397. This level has served as a minor resistance and potential support on pullbacks. A break below the 50% retracement at $5.506 could signal the continuation of the bearish trend, with the next key level at $5.344 (38.2%) coming into focus if the price stabilizes.