$MOVR is clearly stuck in a downtrend channel, with price continuing to make lower highs and lower lows no real signs of strength yet. Every bounce so far has been weak and sold into, which keeps the bearish structure intact.

{future}(MOVRUSDT)
Right now, the key level to watch is around $0.97, which is acting as a major support zone. A reaction from this level is likely, and we could see a short-term bounce if buyers step in.
However, until the trend structure breaks (higher high + reclaim of resistance), any bounce should be treated as relief rather than a full reversal. The overall bias remains bearish unless momentum shifts.