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Movement (MOVE) Bounces Back: From All-Time Low to Market’s Top Performer

Movement (MOVE) Bounces Back: From All-Time Low to Market’s Top Performer

BeInCrypto2025/03/06 00:30
By: Abiodun Oladokun
BTC-0.37%MOVE-2.24%
MOVE has experienced a remarkable 25% rise in the past 24 hours, pushing it to the top of the market. Key technical indicators suggest that this surge could continue if buying momentum persists.

Last week’s broader market downturn sent many altcoins tumbling, and Movement’s native token MOVE was no exception. On Tuesday, the token plunged to an all-time low (ATL) as selling pressure intensified. 

However, market participants saw this decline as a buying opportunity, leading to a surge in demand and pushing its value up. Over the past 24 hours, MOVE has rebounded sharply, climbing 25%, making it the market’s top gainer for the day. 

MOVE Outshines Crypto Majors with 25% Surge

MOVE is up 25% in the past 24 hours, making it the market’s top performer. The token has outpaced leading assets like Bitcoin and Ethereum, which have risen by just 6% each over the same period.

Readings from the MOVE/USD one-day chart hint at the likelihood of an extended rally as new demand strengthens. For example, its rising Chaikin Money Flow (CMF) confirms the growing demand for the altcoin. At press time, the momentum indicator, which measures money flows into and out of an asset, is above zero and in an upward trend at 0.09. 

Movement (MOVE) Bounces Back: From All-Time Low to Market’s Top Performer image 0MOVE CMF. Source: TradingView

A positive CMF reading like this indicates strong buying pressure among MOVE traders. This signals sustained demand and the potential for continued upward momentum in its price action.

Additionally, MOVE has broken above its 20-day exponential moving average (EMA), highlighting the accumulation trend among market participants. 

Movement (MOVE) Bounces Back: From All-Time Low to Market’s Top Performer image 1MOVE 20-Day EMA. Source: TradingView

The 20-day EMA measures an asset’s average price over the past 20 trading days. It is a short-term trend indicator that emphasizes recent price movements, making it responsive to market shifts. 

When an asset breaks above this key moving average, it signals growing bullish momentum. It suggests a potential trend reversal or continuation of an uptrend.

MOVE Climbs Higher—But Can It Sustain the Rally?

MOVE’s break above the 20-day EMA confirms the uptrend, indicating that buyers are gaining control and price momentum is shifting in their favor. This move could attract more traders looking to ride the bullish wave, potentially increasing buying pressure in the spot markets. 

If sustained, it can signal the beginning of a stronger rally, and MOVE’s price could rally toward $0.61. A successful breach of this resistance could propel the token toward $0.72.

Movement (MOVE) Bounces Back: From All-Time Low to Market’s Top Performer image 2MOVE Price Analysis. Source: TradingView

On the other hand, if profit-taking commences, this bullish outlook would be invalidated. In that scenario, MOVE’s price could fall back to its all-time low.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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