{"id":630389,"date":"2024-07-18T18:00:00","date_gmt":"2024-07-18T18:00:00","guid":{"rendered":"https:\/\/wncen.com\/?p=630389"},"modified":"2024-07-18T13:26:25","modified_gmt":"2024-07-18T13:26:25","slug":"movr-bulls-2000-surge-to-234","status":"publish","type":"post","link":"https:\/\/wncen.com\/altcoin\/movr-bulls-2000-surge-to-234\/","title":{"rendered":"MOVR Bulls Assemble: Crypto Analyst Says A 2,000% Surge To $234 Is Imminent"},"content":{"rendered":"<p class=\"p2\"><a href=\"https:\/\/wncen.com\/news\/3-under-the-radar-altcoins-100\/\">Moonriver (MOVR)<\/a> has managed to slip into the background after an incredible run in 2021. The price of the coin crossed $490 at the time, but has since fallen more than 90% from its all-time high since then. After an extended bear period, it is starting to look like this altcoin may never return to its previous glory again. However, this might be wrong as expectations for another bull run for the <a href=\"https:\/\/wncen.com\/news\/polkadot-soars-8-in-last-24-hours-courtesy-of-its-devt-activity-nft-ecosystem-growth\/\">MOVR altcoin <\/a>are rising once again.<\/p>\n<h2 class=\"p2\">MOVR Ready To Move Out Of Extended Consolidation<\/h2>\n<p class=\"p2\">According to a crypto analyst, the MOVR price may be getting ready to move out of a drawn out downtrend and complete its consolidation. This consolidation trend had begun when the price had started falling, and the price fell into a descending channel.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/analysis\/xrp\/xrp-whales-on-the-move-again\/\">XRP Whales Are On The Move Again \u2013 Here\u2019s What They\u2019re Doing This Time<\/a><\/div>\n<p class=\"p2\">However, with the market recovery, it seems that the altcoin is ready to move out of this consolidation, the result of which would be a major move upward. Some of the bullish developments are the engulfed candlestick pattern and the quick reaction and internal trendily.<\/p>\n<p class=\"p2\">As the crypto analyst explains in the TradingView <a href=\"https:\/\/www.tradingview.com\/chart\/MOVRUSDT\/VTr10oIe-MOVR-Primed-for-a-Massive-Breakout-Potential-1026-Surge-Ahead\/\" rel=\"nofollow\">post<\/a>, the engulfed candlestick pattern is bullish as it suggests that the <a href=\"https:\/\/wncen.com\/news\/polkadot-soars-8-in-last-24-hours-courtesy-of-its-devt-activity-nft-ecosystem-growth\/\">MOVR downtrend <\/a>may finally be headed toward a reversal. While the latter, the quick reaction and internal trend line show that because the altcoin reacted swiftly to its support level while approaching its internal trend line, it shows that bullish momentum is building for the price.<\/p>\n<p class=\"p2\">From here, <a href=\"https:\/\/wncen.com\/news\/will-polkadots-network-progress-lift-dot\/\">the altcoin<\/a> has established key support, which could help push its price further. While in the other case, once the uptrend begins, the MOVR price will have the $22 resistance to contend with if the price is to regain its momentum from here.<\/p>\n<h2 class=\"p2\">How High Can Price Go?<\/h2>\n<p class=\"p2\">Given that the market is rebounding and trader sentiment for coins like MOVR is back on the high side, the possibilities for a massive breakout have grown. The analyst points out that the market remains optimistic, which is a good sign for the price.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-btc-will-1-million\/\">Bitcoin Developer Samson Mow Says BTC Will Rise To $1 Million, Here\u2019s When<\/a><\/div>\n<p class=\"p2\">To properly confirm the breakout, the crypto analyst says the resistance at $22 will be the determining factor. If this level is clear, then the price is expected to blow out. The first possible high is at $199, which is a 1,026% increase in price.<\/p>\n<figure style=\"width: 2776px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/i\/VTr10oIe\/\" alt=\"MOVR price chart from Tradingview.com\" width=\"2776\" height=\"1760\"><figcaption class=\"wp-caption-text\">Source: Tradingview.com<\/figcaption><\/figure>\n<p class=\"p2\">However, in the scenario where <a href=\"https:\/\/wncen.com\/news\/3-under-the-radar-altcoins-100\/\">the MOVR price rally <\/a>continues, the crypto analyst sees the price going as high as $234. In this case, it would mean an over 2,000% increase in price, but would still be around 40% below its all-time high price of $495.<\/p>\n<figure style=\"width: 3286px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/ivT1Xrq1\/\" alt=\"MOVR price chart from Tradingview.com\" width=\"3286\" height=\"1518\"><figcaption class=\"wp-caption-text\">Price holding above $11 | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">MOVRUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n<div class=\"disclaimer-shortcode\">Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Moonriver (MOVR) has managed to slip into the background after an incredible run in 2021. The price of the coin crossed $490 at the time, but has since fallen more than 90% from its all-time high since then. After an extended bear period, it is starting to look like this altcoin may never return to its previous glory again. However, this might be wrong as expectations for another bull run for the MOVR altcoin are rising once again. MOVR Ready To Move Out Of Extended Consolidation According to a crypto analyst, the MOVR price may be getting ready to move out of a drawn out downtrend and complete its consolidation. This consolidation trend had begun when the price had started falling, and the price fell into a descending channel. Related Reading: XRP Whales Are On The Move Again \u2013 Here\u2019s What They\u2019re Doing This Time However, with the market recovery, it seems that the altcoin is ready to move out of this consolidation, the result of which would be a major move upward. Some of the bullish developments are the engulfed candlestick pattern and the quick reaction and internal trendily. As the crypto analyst explains in the TradingView post, the engulfed candlestick pattern is bullish as it suggests that the MOVR downtrend may finally be headed toward a reversal. While the latter, the quick reaction and internal trend line show that because the altcoin reacted swiftly to its support level while approaching its internal trend line, it shows that bullish momentum is building for the price. From here, the altcoin has established key support, which could help push its price further. While in the other case, once the uptrend begins, the MOVR price will have the $22 resistance to contend with if the price is to regain its momentum from here. How High Can Price Go? Given that the market is rebounding and trader sentiment for coins like MOVR is back on the high side, the possibilities for a massive breakout have grown. The analyst points out that the market remains optimistic, which is a good sign for the price. Related Reading: Bitcoin Developer Samson Mow Says BTC Will Rise To $1 Million, Here\u2019s When To properly confirm the breakout, the crypto analyst says the resistance at $22 will be the determining factor. If this level is clear, then the price is expected to blow out. The first possible high is at $199, which is a 1,026% increase in price. However, in the scenario where the MOVR price rally continues, the crypto analyst sees the price going as high as $234. In this case, it would mean an over 2,000% increase in price, but would still be around 40% below its all-time high price of $495. Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":630418,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[85876],"tags":[167,6664,26263,14690,91033,92771,92770,91034,92773,92772,92774,92775],"class_list":["post-630389","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin","tag-analyst","tag-crypto","tag-crypto-analyst","tag-crypto-news","tag-moonriver","tag-moonriver-news","tag-moonriver-price","tag-movr","tag-movr-news","tag-movr-price","tag-movrusd","tag-movrusdt"],"acf":[],"yoast_head":"\n<title>MOVR Bulls Assemble: Crypto Analyst Says A 2,000% Surge To $234 Is Imminent<\/title>\n<meta name=\"description\" content=\"Moonriver (MOVR) has managed to slip into the background after an incredible run in 2021 as the 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Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/wncen.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"MOVR Bulls Assemble: Crypto Analyst Says A 2,000% Surge To $234 Is Imminent","url":"http:\/\/wncen.com\/altcoin\/movr-bulls-2000-surge-to-234\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/altcoin\/movr-bulls-2000-surge-to-234\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/07\/MOVR.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/07\/MOVR.jpeg?fit=1792%2C1024"},"articleSection":"Altcoin","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["analyst","crypto","crypto analyst","crypto news","moonriver","moonriver news","moonriver price","movr","movr news","movr price","movrusd","movrusdt"],"dateCreated":"2024-07-18T18:00:00Z","datePublished":"2024-07-18T18:00:00Z","dateModified":"2024-07-18T18:00:00Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"MOVR Bulls Assemble: Crypto Analyst Says A 2,000% Surge To $234 Is Imminent\",\"url\":\"http:\\\/\\\/wncen.com\\\/altcoin\\\/movr-bulls-2000-surge-to-234\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/altcoin\\\/movr-bulls-2000-surge-to-234\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/MOVR.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/MOVR.jpeg?fit=1792%2C1024\"},\"articleSection\":\"Altcoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"analyst\",\"crypto\",\"crypto analyst\",\"crypto news\",\"moonriver\",\"moonriver news\",\"moonriver price\",\"movr\",\"movr news\",\"movr price\",\"movrusd\",\"movrusdt\"],\"dateCreated\":\"2024-07-18T18:00:00Z\",\"datePublished\":\"2024-07-18T18:00:00Z\",\"dateModified\":\"2024-07-18T18:00:00Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/07\/MOVR.jpeg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/630389"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=630389"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/630389\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/630418"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=630389"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=630389"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=630389"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}