Is MOVE going to revive?

Once a hot asset chosen by the #Trump Family, very popular in late 2024, but then ... divided by 10

The price of Movement (MOVE) surged by 18.2% in the past 24 hours thanks to:

- MOVE has surpassed the important resistance level at $0.17, ending a prolonged downtrend.

- Major investors have been accumulating during price corrections, with 18 million tokens repurchased by the Movement Network Foundation.

Detailed Analysis

1. Key driving factors

The listing on Niza Exchange (June 24) has helped Movement increase its visibility and liquidity, while trading volume surged by 469% to $206.5 million (Phemex News). Previously, the Movement Network Foundation repurchased 18 million tokens, reducing selling pressure and demonstrating confidence in price stability.

2. Technical context

Breakout: MOVE has regained the support zone from $0.13 to $0.137 and broke through the downtrend line from the peak of March 2025, triggering automatic buy orders (CoinMarketCap). Momentum: The MACD indicator turned positive (+0.00576), and the 7-day RSI reached 69.01, indicating room for growth before entering the overbought zone. Trading volume: Increased by 122% in 24 hours to $420.6 million, confirming the bullish trend.

3. Market dynamics

Despite Bitcoin's dominance rising to 64.76%, altcoins like MOVE still benefit from the capital flow shift to high-volatility tokens (high-beta). The overall cryptocurrency market increased by 1.2% in the past 24 hours, creating favorable conditions, but the 18% increase of $MOVE significantly outperformed, reflecting the unique factors of the project.

Continuing the series of the most overhyped projects!