Looking at MVST on the weekly chart, there's a notable setup forming. The token is currently testing a critical trendline that dates back to July 2023—this is serving as key support right now. On the upside, MVST is attempting to reclaim the EMA10, which could signal momentum building. But here's where it gets interesting: the major confluence zone sits around the $3.25 level. This is where the SMA20 converges with other technical levels, making it a significant area to watch. Traders should keep tabs on whether MVST can hold this support and push toward that $3.25 resistance zone. The weekly timeframe suggests this move could have some staying power if momentum follows through.
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GateUser-e51e87c7
· 12-26 15:45
3.25 at this level is a bit uncertain, it feels like it's going to test your mentality again.
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zkProofInThePudding
· 12-26 15:37
3.25 feels a bit risky; the key is to hold the support below.
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TommyTeacher
· 12-26 15:35
3.25 is indeed easily becoming a slaughterhouse point.
Looking at MVST on the weekly chart, there's a notable setup forming. The token is currently testing a critical trendline that dates back to July 2023—this is serving as key support right now. On the upside, MVST is attempting to reclaim the EMA10, which could signal momentum building. But here's where it gets interesting: the major confluence zone sits around the $3.25 level. This is where the SMA20 converges with other technical levels, making it a significant area to watch. Traders should keep tabs on whether MVST can hold this support and push toward that $3.25 resistance zone. The weekly timeframe suggests this move could have some staying power if momentum follows through.