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Will MOVR Reclaim its All-Time High?
Decentralized blockchain platform Moonriver (MOVR) saw massive gains in late 2021, surging from around $3.50 to an all-time high of $440 – an over 10x increase in just 4 months. However, like many cryptos, MOVR couldn’t sustain those lofty levels and proceeded to crash over 99% from its peak down to just $3.50 once again.
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After finding support around the $20 level, there are signs MOVR could be gearing up for another bull run. If the $20 support holds, MOVR has the potential to reach back towards its former highs in the $100-$200 range this market cycle according to a recent analysis. However, crypto markets remain volatile and the downside risk is ever-present.
IMO it can easily hit $100 in bull run. investors should remain cautious and only invest what they can afford to lose.
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