Movement (MOVE) Recovers 20% From All-Time Low as Token Aims to Leave the Drama Behind

Key Takeaways

• After crashing to $0.11, MOVE surged to $0.16 in under 24 hours, following a delisting period and drama.
• Trading volume surged from $40 million to over $400 million, reflecting market interest in the altcoin.
• The MFI is rising alongside the CMF, signaling heavy buy-side pressure that could increase the price.

Less than 24 hours after it crashed to an all-time low, the Movement (MOVE) price has increased by 20%. Just yesterday, the MOVE crypto price was $0.11.

Today, it has jumped to $0.16, making it one of the top-performing altcoins in the market. The token’s rebound follows a turbulent stretch marked by governance drama, a notable delisting, and liquidity concerns.

With market participants re-engaging with MOVE after stepping back amid recent internal discord, the key question now is: what’s next for the cryptocurrency?

Controversy Fades, MOVE Breaks Out

MOVE has broken above the upper trendline of a falling wedge pattern on the daily chart. The wedge formed over several months of correction, during which the token consistently posted lower highs and lower lows.

This extended decline was primarily driven by controversy surrounding the project’s transparency. The situation escalated on May 15, when tier-1 exchange Coinbase delisted MOVE.

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Tensions also deepened when Movement Labs—MOVE’s parent company—suspended co-founder Rushi Manche following allegations of his involvement in a token dump coordinated with a market maker.

But as it stands, the MOVE crypto price appears ready to leave the drama behind. At the same time, the Bull Bear Power (BBP) rose to the positive region.

This indicates that bulls are in control. If sustained, the MOVE crypto price could break the resistance at $0.23.

Adding support to the recent breakout, the Chaikin Money Flow (CMF) shows a rising trend. While the CMF has not yet crossed the zero signal line, the upward movement suggests that capital inflows are beginning to outpace outflows.

If the $0.11 support holds, this rising CMF could reinforce the bullish setup and potentially drive MOVE’s price higher.

Trading Volume Spikes

On-chain data also seems to support this thesis. For instance, data from Santiment shows that the trading volume. When it reached its all-time low yesterday, MOVE’s volume was less than $40 million.

As of this writing, it has surpassed $400 million, indicating notable market interest in the altcoin.

Should trading volume continue to increase, it could strengthen MOVE’s upswing and potentially help the price break the overhead resistance.

MOVE Price Analysis: Still Bullish

On the 4-hour chart, the MOVE crypto price has broken above a falling channel — a typical bearish structure. This move is backed by a surge in the Average Directional Index (ADX) to 35.66.

The strength behind MOVE’s uptrend is solid since the ADX is well above the key 25 threshold.

In addition, the Money Flow Index (MFI) has climbed to 90.85, confirming intense buying pressure. If this momentum continues, MOVE could break through the immediate resistance at $0.18.

If that happens, it could set the stage for a rally toward $0.25, which aligns with the 0.236 Fibonacci retracement level.

However, the outlook depends heavily on sustained volume. The breakout could lose steam if trading volume drops and buying pressure weakens.

In that case, MOVE’s price may fall below the lower trendline, possibly retesting support at $0.11.