MOVE surges 16% after WLF’s buy – Can it reach an ATH? – Crypto News – Crypto News
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MOVE surges 16% after WLF's buy - Can it reach an ATH? MOVE surges 16% after WLF's buy - Can it reach an ATH?

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MOVE surges 16% after WLF’s buy – Can it reach an ATH? – Crypto News

Published

1 year ago

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  • Institutional interest in MOVE has escalated, alongside confidence in the token’s long-term potential.
  • MOVE’s ecosystem is expanding, with 10,737 holders.

Institutional interest in Movement [MOVE] has intensified, with World Liberty Financial making a significant investment of 1.88M USD Coin [USDC] to acquire 2.398M MOVE tokens at an average price of $0.784.

This bold move underscores confidence in the token’s long-term potential, possibly influenced by its technology, adoption rate, or competitive market position.

Large-scale acquisitions like this often enhance investor confidence, contributing to price stability and potential upward movement.

MOVE’s price action: navigating volatility

MOVE was trading at $0.8137 at press time, reflecting a 16.77% increase over the last 24 hours. However, recent price action suggested some resistance at this level, leading to minor corrections.

Despite a 0.61% dip, MOVE has gained 13.07%, signaling relative strength in the market.

Source: Coinglass

From a technical perspective, the chart shows high trading volume around the $0.80-$0.84 range, indicating a strong battle between buyers and sellers.

The recent uptrend, followed by minor pullbacks, suggested profit-taking at key resistance zones. If MOVE sustains momentum above $0.8137, it could test higher resistance levels.

Cautiously optimistic

MOVE’s market sentiment leans positive, driven by its impressive 24-hour performance and institutional backing. However, the slight pullback suggests some traders are taking profits.

The volume profile indicates high liquidity around current prices, which could support price stability if buying pressure remains strong.

Further bullish momentum depends on whether it can break key resistance levels or sustain demand amid broader market conditions.

Growing community

MOVE’s ecosystem is expanding, with 10,737 holders. Data from Etherscan shows that MOVE has reflected a 3.009% increase in network participation.

The token has recorded over 201,874 transactions, underscoring active trading and growing adoption.

Source: Etherscan

In most cases, a rising number of holders typically signals increased confidence, potentially leading to stronger price support in the long term.

If this trend continues, it could reinforce MOVE’s stability and attractiveness to both retail and institutional investors.

Read Movement’s [MOVE] Price Prediction 2025–2026

Movement’s future performance will largely depend on broader market conditions, institutional involvement, and price action around key resistance levels.

If buying interest persists, the token could maintain its uptrend and challenge new highs. However, a failure to hold $0.8137 may result in a short-term pullback before further upward movement.

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