📈 Market Overview & Data
Current price: $0.17
24h Trading Volume: ~$81 million
Market capitalization: ~$427 million
24h Volatility: +8.09%
7-day Volatility: -14%
30-day Volatility: -44%
All-time high: $1.20 (12/2024)
All-time low: $0.1585 (early 05/2025)
Data source: CoinGecko, Binance
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📰 Top News in the Last 24 Hours
Internal scandal: Movement Labs has fired CEO and co-founder Rushi Manche following allegations of market manipulation related to the distribution of 66 million MOVE tokens to Rentech, resulting in a major sell-off and a loss of over $2.5 billion in market cap.
Rebranding & New Leadership: The project has been renamed Move Industries, appointed a new CEO, and announced a technical upgrade plan (Parthenon) along with a new token distribution campaign (MoveDrop).
Coinbase announces delisting: Coinbase will cease trading MOVE on May 15, causing the token price to plummet to an all-time low.
📊 Multi-Timeframe Technical Analysis
15M & 1H Frame: The price is fluctuating around $0.17 with slightly increased trading volume, indicating a short-term recovery but not confirming a sustainable upward trend.
4H Frame: RSI is at neutral (~50), MACD gives a slight positive divergence signal, but not strong enough to confirm an upward trend.
1D Frame: The price remains below the EMA 200 line, and the long-term downtrend has not been broken. Further confirmation signals of a reversal need to be monitored.
💼 Suggested Trading Strategy
Spot: No buy recommendation at this time due to high risk and lack of confirmation signals for an upward trend.
Futures:
Short Entry: When the price breaks support at $0.16 with strong volume.
Stop Loss: Above $0.18
Take Profit: $0.14 – $0.12
⚠️ Risk Warning
MOVE is facing many risks:
Investor confidence declines: After the internal scandal and delisting on Coinbase.
Sell pressure from token unlock: $8.46 million tokens will be unlocked this week, potentially causing additional sell pressure.
Risk of being delisted on other exchanges: If there is no improvement in transparency and governance.
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