MOVE has experienced a significant rise of 7.33% in the last day, driven mainly by bullish traders in the derivatives market. However, profit-taking from spot traders, reflected by recent sales of $693,790, may impede further upward momentum.
Despite the rally, MOVE faces resistance near 0.555. A break above this level could lead to higher targets around $0.848, marking a potential gain of 52.90%. Traders need to monitor buying pressures in the derivatives market.
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