Rally

Moonriver

Raise

Coin

<ul class="news-points"> 
 <li>MOVR’s rise of 406% in a week sparks investor optimism, but sustainability remains uncertain.</li> 
 <li>Moonriver benefits from Polkadot’s positive momentum, but the absence of project news raises questions.</li> 
 <li>MACD and CMF indicators hint at potential bearish pressure, urging caution among MOVR investors.</li> 
</ul> 
Moonriver (MOVR) has recently witnessed a significant upsurge in its market value. In just the past week, MOVR has seen an increase of around 406%, bringing a wave of optimism to its investors.&nbsp; 
Consequently, bullish momentum has had the upper hand, with bulls nullifying the bearish trend in the last 24 hours after support at $29.15 was tested. The positive momentum was at play at press time, with MOVR exchanging hands at $33.92, a 5.92% surge from its intra-day low. 
<div class="wp-block-image"> 
 <figure class="aligncenter is-resized">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/AP-MSuMsbU274BE0m1MNQ5mgNM1baPvg8BgQTDEQWAnkrZJ5_0OW_1LQmqGI3kqtE3ccXErg6_8WAYkaCnAJ-WYUfuitu6LDVq4HAH9Oq_G8ibXAKGEu371rq-FPt7b1a0ZJ5SMIz90OobfHBw-9lrM" alt="" style="width: 100%;height:auto">
 <figcaption class="wp-element-caption">
 MOVR/USD 24-hour price chart (Source: <a href="https://coinstats.app/coins/moonriver/" target="_blank" rel="nofollow">CoinStats</a>)
 </figcaption>
 </figure>
</div> 
MOVR’s market capitalization increased substantially by 5.46% during the rally to $294,953,185. This rate of increase predicts that the market cap will soon top $300 million. However, a 69.34% drop in 24-hour trading volume to $264,074,866 raises concerns about the sustainability of this upward trend. 
<h2 class="wp-block-heading" id="h-factors-fueling-the-price-surge">Factors Fueling the Price Surge</h2> 
This growth in …
The post <a href="https://coinedition.com/will-the-movr-bull-rally-continue-indicators-raise-eyebrows/">Will the MOVR Bull Rally Continue? Indicators Raise Eyebrows</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Will the MOVR Bull Rally Continue? Indicators Raise Eyebrows

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