- Movement (MOVE) worth noticed 1% droop prior to now 24 hours, however is up almost 60% from its June 22 lows of $0.11.
- Revenue-taking and the altcoin market cooldown contribute to the current pullback.
- Rebranding and token buybacks gas optimism for a possible rally towards $0.4.
The worth of Movement (MOVE) was down 1.2% in 24 hours because it modified fingers round $0.17.
Regardless of the downturn, the token remained 34% up over the previous week and, crucially, almost 60% up since dipping to lows of $0.11 on June 22, 2025.
In the meantime, the 24-hour buying and selling quantity declined after spiking greater than 300% as costs rose to close $0.20 on June 27.
The quantity, per CoinMarketCap, stood at $212 million, about 46% down prior to now 24 hours.
Why is the MOVE worth down?
Movement’s 1.2% drop prior to now 24 hours comes as merchants probably look to capitalize on the token’s fast 60% climb from $0.11.
This worth stage is the cryptocurrency’s all-time low, and the value surging to almost $0.20 gives a possible alternative for some profit-takers.
Whereas not good for the MOVE worth right now, the profit-taking typically aligns with a broader cooldown throughout the altcoin market.
Regardless of the specter of a promoting stress, the value stays properly above key help ranges, signaling that the bullish momentum might not be over.
The 300% spike in buying and selling quantity in the course of the rally signifies sturdy market participation, however the subsequent 46% drop suggests a pure consolidation part as merchants reassess positions.
CryptoQuant analysts are additionally declaring that the market is exhibiting indicators of cooling down. Nevertheless, there’s no overheating.
“Currently, Bitcoin is near its all-time high, but the market shows a cooling trend without signs of overheating,” the analysts mentioned on X.
This outlook aligns with Bitcoin’s holding of costs above the $107k stage after a pointy bounce from lows beneath $100k.
Movement worth prediction
The outlook for MOVE stays cautiously optimistic, pushed by technical and elementary developments.
Movement’s rebranding efforts are shifting sentiment away from its current unfavorable outlook.
Moreover, token buybacks are a major bullish catalyst.
MOVE worth not too long ago broke out of a descending channel, a bearish sample that had constrained its worth motion.
This breakout, coupled with a surge in buying and selling quantity, alerts rising bullish momentum.
On day by day charts, the Relative Energy Index (RSI) hovers round 59, indicating room for upward motion earlier than reaching overbought territory.
If bullish momentum continues, key ranges to look at embrace $0.23 and $0.34, which align with historic resistance zones.
Above these, consumers can goal $0.4 and $0.55.
Nevertheless, help ranges at $0.15 and $0.11 stay important if bearish stress reemerges.
