Sentiment: 🔴 Structural Collapse with Selling Saturation

📅 May 1, 2025 — Coinbase announced it will suspend trading of the ☠️ token $MOVE from Movement Network 'around 2 PM ET' on May 15. The decision comes after a series of controversies involving market manipulation and internal governance issues at Movement Labs — which has already caused a sharp drop in the asset's price.

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⚠️ Context of the Suspension

Coinbase stated, via platform X (formerly Twitter), that the suspension was based on 'regular asset monitoring', but did not present a specific and direct reason for the decision.

However, investigations conducted by outlets like CoinDesk revealed that Movement Labs is under scrutiny due to privileged access and suspicious operations involving Web3Port, a company linked to the project's ecosystem.

According to the analyzed documents, Web3Port reportedly obtained a large quantity of MOVE tokens in advance, passed to the retail market under questionable conditions — which generated selling pressure and possible price manipulation.

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📉 Immediate Drop: MOVE plummets 20%

After Coinbase's announcement, the price of the MOVE token fell by about 20%, dropping from $0.25 to $0.20 in a few hours.

Additionally, the exchange placed the asset in 'limit-only' mode, which means users can still create and cancel limit orders, but automatic execution (market orders) has been disabled — a sign of deterioration in operational confidence.

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🧩 Behind the Scenes: market maker, license, and regulatory alert

In April, Movement Network had already faced internal pressures and public criticism when its co-founder announced he would take a 'temporary leave' and users reported 'market maker anomalies' related to token allocation.

Documents obtained by CoinDesk also indicate that a company called Rentech, possibly linked to Web3Port, could liquidate large quantities of MOVE tokens under certain contractual conditions — a direct risk to the project's stability and market equity.

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🔎 Market reaction and signs for the future

The suspension of MOVE on Coinbase reignites an old alert from the crypto sector: assets with low governance transparency and opaque liquidity structures are at increasing risk of delisting on major platforms.

Coinbase's move, although without a clear justification to the public, reinforces that listed assets are under constant internal surveillance — and any noise can generate immediate repercussions in price, liquidity, and reputation.

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📈 Technical Analysis: MOVE/USDT — Ongoing Collapse with Signs of Saturation

Technical Sentiment: 🔴 Structural Collapse with Selling Saturation

• Weekly (1w):

The weekly chart shows a structural collapse after the peak at $1.41, with continuous decline and total absence of buying strength. The current price ($0.2026) is 85% below the peak.

• RSI(6): 19.75 — indicates extreme oversold

• Williams %R: -98.09 — suggests total exhaustion of buying strength

• Decreasing accumulated volume after initial dump

• Daily (1d):

Systematic decline with lower highs and lower lows. The asset is down -16% on the day, with no significant technical reaction.

• RSI(12): 28.86 — remains below 30, indicating continuous selling pressure

• Negative MACD and no reversal crossover

• Stochastic RSI: 71.98 (crossing down) — possible start of a new selling leg

• 4 hours (4h):

In the short term, the capitulation candle at $0.1891 marks a local low, but without aggressive buyer entry.

• RSI(6): 14.99 — critical oversold zone

• Explosive volume in the final drop indicates panic and forced liquidity

• Stochastic RSI below 40 — no clear reversal signal

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🔻 Final Technical Diagnosis

MOVE/USDT is in technical and structural collapse, with indicators widely in selling surprise zones, with no signs of valid support in the short term. Volume behavior indicates that the exit is motivated by a fundamental event (delisting), and not by natural realization.

Any entry now would be purely speculative or based on forced reversal — which, technically, has not yet manifested.

📌 Conclusion

Coinbase's decision to suspend MOVE marks yet another episode where institutional fundamentals weigh more than market hype. The rapid 20% drop in the token price shows that liquidity is not synonymous with confidence — and listing is not a guarantee of permanence.

‘In a timing worthy of corporate comedy scripts, the co-founder of Movement Network announced he was 'taking a leave' — just as the project began to sink under accusations of manipulation. Coincidence? Only if it's on the calendar.’

#空投操作全指南 $MOVE #BinanceAlphaAlert #MovementLabs #golpe