Movement (MOVE) showed signs of life this week, after a year-long decline, with partnerships and buybacks helping spark a short but meaningful rebound — even as chart indicators signaled sellers were still exerting pressure.
Price and volume
- MOVE climbed more than 12% in the past 24 hours (CoinMarketCap), marking a second consecutive day of gains. Daily trading volume roughly doubled, topping $84 million as traders piled back into the token.
Fundamentals behind the move
- Movement’s transition from an Ethereum Layer-2 to a standalone Layer-1 appears to be paying off in ecosystem activity. The project has inked partnerships with over 10 DeFi apps that route fees back into the network. Those fees are then used in MOVE’s buyback program, which reduces circulating supply and can support price.
- A key partnership with LayerBank — and the launch of its ULAB token on the MOVE network — contributed about $2.3 million to the ecosystem and accelerated further DeFi integrations.
On-chain activity
- Activity metrics confirmed renewed usage: Active Monthly Addresses rose 17% to roughly 21.4K (Token Terminal). The total number of accounts is approaching 570,000, and Movement Explorer shows 28,837 deployed contracts from 4,710 deployers.
- Transaction throughput jumped too: transactions rose from 50.9K to 84.9K over two days, bringing the monthly total to about 2.8 million. Those metrics help explain the recent price pickup.
Technical picture — mixed signals
- On hourly charts, MOVE cleared a descending trendline that had capped price since the October 10 crash, suggesting a potential short-term breakout. However, the token has been in a longer downtrend since its post-launch rally ended on December 25, 2024, when MOVE briefly topped ~$1.50.
- After the recent breakout, MOVE surged more than 51% but was quickly rejected and retraced, finding a near-term base around $0.0418. For bulls to confirm continuation, MOVE needs to hold above that level and push past $0.0600 to register a higher high. If it fails, sellers could reassert control.
- Short-term momentum indicators painted a cautious picture: MACD bars pointed toward seller strength, and Cumulative Volume Delta (CVD) sat negative at about $8.35 million, indicating net selling dominated after the brief rally (TradingView).
Bottom line
- The move’s rally was supported by real network growth and revenue-driven buybacks, but technical conditions still favor caution. Bulls have shown the first signs of a possible reversal after a long decline, yet a confirmed market shift will require follow-through on larger timeframes.
Disclaimer: This report is informational and not investment advice. Cryptocurrency trading carries high risk; do your own research before making decisions. © 2025 AMBCrypto (adapted)
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