Move's strategic reserve wallet received an additional 45 million MOVE tokens, valued at $7.85 million, despite facing unrealized losses of $7.77 million. While the token price experienced a slight dip, on-chain activity remains robust.
Key Developments
- Strategic Reserve Boost: 45M MOVE tokens ($7.85M) were transferred from Binance wallets to Move Labs’ reserve, bringing total holdings to 168M tokens ($28.07M).
- Market Sentiment Shift: Price broke a key downtrend line, turning bullish with support between $0.165–$0.175. A push above $0.176 could trigger further upside.
Analyzing Move's Bullish Momentum
- Trend Reversal: Successful retest near $0.165 confirmed bullish structure.
- MACD Indicator: Approaching crossover suggests weakening bearish momentum.
- Liquidation Clusters: Break above $0.176 may cascade into short squeezes, propelling prices toward $0.185–$0.195.
👉 Why traders are watching MOVE's next breakout
Risks to Consider
- Failure to hold $0.176 could lead to a retracement to $0.165 or lower.
- Thin liquidity below $0.170 highlights vulnerability to sudden downturns.
FAQs
Q: What drove the recent MOVE token transfer?
A: Likely treasury management—internal usage rather than sell pressure.
Q: Is MOVE’s current price action sustainable?
A: Yes, if it maintains $0.176+. Otherwise, expect volatility.
Q: Where’s the next liquidity zone?
A: Between $0.185–$0.195, per derivative market data.
👉 How to spot bullish reversals early
Sources: TradingView, OnChain Lens
### SEO Keywords
1. Binance withdrawal
2. Bull market
3. MOVE token
4. Liquidation clusters
5. Trend reversal
6. MACD indicator
7. Cryptocurrency volatility