Market Overview: Moonriver/Tether (MOVRUSDT) – 24-Hour Analysis for 2025-11-01

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• MOVR/USDT drifted lower in early trading before forming a rebound, closing near 3.352 by 12:00 ET.
• A bearish divergence in RSI and increasing volume in the afternoon suggest potential exhaustion in the short-term decline.
• Bollinger Bands show moderate volatility with price sitting near the upper band at key 15-minute intervals.
• Notable bullish reversal patterns emerged around 03:30 ET, including a hammer and a bullish engulfing at support of ~3.24.
• The 24-hour volume totaled ~83,247.365 MOVR, with turnover reaching ~$275,428.

Moonriver/Tether (MOVRUSDT) opened at 3.304 on 2025-10-31 at 12:00 ET, fell to a low of 3.220, and closed at 3.352 by 2025-11-01 at 12:00 ET. Total volume reached 83,247.365 MOVR, while turnover amounted to approximately $275,428. The price trend reversed sharply in the early morning hours, suggesting a potential turning point in near-term sentiment.

On the 15-minute chart, key support levels were identified at 3.24 and 3.22, with a notable bullish engulfing pattern forming at 3.24 on October 31 at 19:30 ET. The 20-period and 50-period moving averages both crossed above the price during the early morning rebound, indicating a possible shift in momentum. The 50-period MA at 3.29 and the 20-period MA at 3.31 now act as dynamic support levels. A stronger close above the 50-period MA could confirm the reversal.

The RSI indicator bottomed at 28 during the morning low, signaling oversold conditions, while the MACD crossed into positive territory from the late evening onward, indicating a resumption of bullish momentum. Bollinger Bands showed a contraction in volatility during the early morning, followed by a breakout in the 04:30–06:00 ET window. The price remains above the 20-period MA and within the upper third of the Bollinger Band, suggesting a continuation of the upward thrust may be likely.

Fibonacci retracement levels drawn from the 3.22–3.386 swing revealed key levels at 3.31 (38.2%), 3.34 (61.8%), and 3.386 (100%). Price paused near the 61.8% level in the midday, suggesting a possible consolidation before the next move. The 61.8% retracement at 3.34 now acts as a psychological and technical floor for further gains.

The recent price action and indicators point to a probable consolidation phase above the 3.34 level. A break above 3.386 with increased volume could signal the next leg higher, while a retest of 3.31 would validate it as a strong support zone. Investors should monitor the 20- and 50-period MA crossovers for confirmation of trend strength.

The backtest hypothesis involved using close price data and a 3-day holding rule to evaluate the effectiveness of a pattern-based strategy. The absence of explicit stop-loss or take-profit rules allowed the strategy to ride natural price momentum without artificial constraints. The use of MOVRUSDT data highlights the potential of applying similar logic to altcoins, especially those with clear swing patterns. The results suggest that combining candlestick signals with technical timing could offer a structured approach for swing traders in the altcoin space, particularly in markets like Moonriver that exhibit periodic volatility.