MOVE TOKEN SOARS 12%: WHAT YOU NEED TO KNOW! 🚀📈
The price of Layer-2 token MOVE has surged by 12% in the last 24 hours, becoming the market’s top gainer. This rally follows the acquisition of $2 million worth of MOVE tokens by the Trump-backed DeFi platform World Liberty Financial. However, despite the spike, a persistent bearish sentiment could shorten the rally. On-chain data shows increased demand for short positions, and MOVE has experienced consistent outflows, indicating market participants are cashing out. If profit-taking continues, MOVE could drop to $0.71 or lower. But if demand increases, it may break $0.87 and reach $1.08.
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