However, to confirm the reversal, it is necessary to break the resistance at the level of $0.20 and stay above MA50. It is recommended to monitor trading volumes and the price reaction to key levels.

#MOVE
Closed short
Added two long positions with 10x and 20x

🔍 $MOVE (Movement Network)

📌 Main Information
• Name: Movement (MOVE)
• Current Price: $0.1668
• Market Capitalization: $425 million
• Trading Volume (24h): $35.3 million
• Circulating Supply: 2.55 billion MOVE
• Max Supply: 10 billion MOVE
• All-Time High: $1.45 (December 2024)
• All-Time Low: $0.154 (May 2025)
• Decrease from ATH: ~88%
• Decrease over the month: ~33%

🧩 Token Purpose
• Network: Movement Network — L2 solution on Ethereum using MoveVM
• Utility:
• Payment of fees (gas) in the Movement network
• Staking to secure and finalize transactions
• Participation in governance through voting
• Use in DeFi applications as a means of liquidity and collateral

📊 Tokenomics and Distribution
• Max Supply: 10 billion MOVE
• Initial Circulation: ~22.5% (2.25 billion)
• Distribution:
• 40% — ecosystem and community (grants, staking, liquidity)
• 10% — initial claims (MoveDrop, etc.)
• 10% — Movement fund
• 17.5% — early contributors
• 22.5% — early investors

Token unlock is scheduled for 60 months, which reduces price pressure.