How MOVE’s recovery prospects may be at risk thanks to selling pressure

The Movement token (MOVE) is encountering selling pressure around 1 USD, accompanied by bearish sentiment despite a 5% increase in Open Interest recently. Prices oscillated between 0.83 USD and 1.13 USD, with significant resistance observed at 0.98 USD.

While the support zone for MOVE lies between 0.80 USD and 0.83 USD, indicating possible buying interest, the market sentiment has been largely bearish. This sentiment is largely driven by accumulating selling activity, despite some indications of traders seeking buying opportunities.