Can Movement Break Out Above Resistance? | Credit: Derek Fenech
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Key Takeaways
Movement (MOVE) has reached a 33-day resistance trend line.
The MOVE price attempts to break out from the $0.87 resistance.
Can the MOVE price break out and increase to new highs?
Movement (MOVE) burst onto the scene with its Token-Generation Event (TGE) on Dec. 9, immediately reaching the top 60 cryptocurrencies by market capitalization. The rally continued until the end of the year, with an all-time high of $1.23 on Dec. 26.
2025 has painted a different picture so far. The price broke down from a corrective pattern and fell 30% in less than a week.
However, this week’s MOVE bounce has reignited optimism, leading to speculation about a potential breakout that would take the price to new highs.
Movement Labs co-founder Rushi Manche said that this is a vote of confidence in Movement Labs, which is “the first alternative Virtual Machine under the new administration that is made in America.”
Nevertheless, the fact that the press reported talks between Elon Musk’s DOGE team and MOVE shortly after the purchase has raised concerns about insider trading.
Can MOVE finally end its lengthy downtrend, or will the rally fail like the others? Let’s dive deep and find out.
The MOVE price has fallen under a descending resistance trend line since its all-time high of $1.23 on Dec. 26, 2024.
The downward movement accelerated in January 2025 once the price broke down from a head and shoulders pattern and the $0.87 horizontal resistance area. The breakdown led to a low of $0.63 on Jan. 25.
Since then, MOVE has regained its footing, creating a higher low and increasing nearly 30%. The MOVE bounce caused a breakout attempt from the resistance trend line and the $0.87 horizontal area, albeit unsuccessful (black icon).
Today, the MOVE price is consolidating below the confluence of resistances, possibly gearing up for another breakout attempt.
Technical indicators give a bullish MOVE prediction. The Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) have both generated bullish divergences (green) whose trend lines are still intact.
Additionally, the RSI is above 50, while the MACD is above 0. Both are positive signs that suggest the trend is bullish.
Therefore, the six-hour time frame analysis suggests MOVE will eventually break out from the confluence of resistances near $0.87.
Can MOVE Break Out?
The wave count aligns with the positive price action and indicator readings, suggesting a breakout is imminent.
According to the count, MOVE has completed an A-B-C correction (white) after the all-time high. In it, waves A:C had a 1:1.27 ratio, which is common in such structures.
The overlap between the most recent MOVE high and the wave A low (red line) suggests that the downtrend is not impulsive. As a result, a breakout is the most likely future scenario.
If that is the case, the MOVE price could increase to at least $1, reaching the 0.618 Fibonacci retracement resistance level. Because there is a confluence of resistances at $1.10-$1.15, the Movement price may extend and reach this area.
Conversely, failure to break out will likely cause the MOVE price to decline toward the closest support at $0.63, just above the all-time low price.
MOVE Bounce to Continue
The MOVE price has likely completed its correction, with a low of $0.63 on Jan. 25. The overlap with the previous lows suggests this.
The price action and indicator readings are also positive, suggesting that a breakout is on the horizon. If the MOVE price breaks out, it could increase to at least $1 and possibly $1.10-$1.15.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.
He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.
Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.
He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.
