MOVE is the Token of Movement Labs, which just received an additional 45 million MOVE valued at 7.85 million USD from Binance, amidst the Strategic Reserve wallet recording a potential loss of nearly 7.77 million USD.
MAIN CONTENT
The Strategic Reserve wallet of Movement Labs was supplemented with 45 million MOVE valued at 7.85 million USD from Binance.
The MOVE price maintains an upward trend, surpassing the important downward resistance level with the potential to reach 0.18 – 0.25 USD.
Short positions in MOVE were strongly liquidated, setting the stage for the next price increase when breaking the resistance level of 0.176 USD.
What does it mean for Movement Labs' Strategic Reserve wallet to be supplemented with a large amount of MOVE?
The Strategic Reserve wallet received an additional 45 million MOVE from a group of Binance wallets, indicating a purposeful addition to the reserve fund. The total number of Tokens in the wallet currently stands at 168 million MOVE, valued at over 28 million USD.
The phased entry of Tokens in amounts of 5 – 10 million MOVE proves that this is not a sell-off but rather strategic fund management or internal preparation.
However, this wallet is recording an unrealized loss of approximately 7.77 million USD due to price fluctuations, but it still ensures long-term reserve resources for the project.
Continuously adding MOVE to the Strategic Reserve indicates a long-term fund management strategy and preparation for development activities, not direct selling pressure.
Onchain Lens expert, 1/7/2025
How is the MOVE price structure analysis showing bullish signals?
The MOVE price has broken through the main downward resistance level, then successfully retested the support level around 0.165 USD, opening up a short-term upward trend.
The price increase of MOVE could pull the price to a target of 0.175 USD in the short term, then fluctuate from 0.18 to nearly 0.25 USD if the upward structure is not broken.
The technical indicator MACD is approaching a bullish crossover signal from the downward zone, indicating the diminishing strength of the sellers and the opportunity to extend the upward trend.
The MACD is preparing to form a bullish crossover, confirming a new upward momentum in the MOVE market, reducing selling pressure and paving the way for higher price targets.
AMB Crypto market analysis, July 2025
Indicator/Scenario Price Direction Impact Hold above 0.165 USD Increase to 0.18 – 0.25 USD Continued buying pressure, upward trend reinforced Price breaks support level of 0.165 – 0.168 USD Decrease to 0.16 USD or lower Increased selling pressure, potential downward trend Break resistance at 0.176 USD Strong increase to 0.185 – 0.195 USD Leverage for new upward trend, increased liquidity
How do the liquidations of short positions affect the value of MOVE?
The liquidation heatmap shows many short positions being pushed out of the market as MOVE rises from 0.16 to 0.175 USD, especially in the 0.165–0.172 USD range.
This area is seen as a breaking point for the sellers, setting the stage for the next upward trend and increasing liquidity in the market.
After 0.176 USD, a large liquidity amount appears in the upper range indicating that the short volume may concentrate here, providing strong price momentum if successfully broken.
Source: CoinGlass, 1/7/2025
What factors could lead to significant price volatility for MOVE in the short term?
Buying pressure at the support level, especially 0.165 USD, is very important to maintain the upward momentum. If not maintained, the price could drop to 0.16 USD or lower.
Conversely, the momentum to break the resistance at 0.176 USD will create subsequent massive short liquidations, thus driving the price to higher levels of 0.185 to 0.195 USD.
Frequently asked questions about MOVE Token and price trends
What is MOVE?
MOVE is the Token of Movement Labs, used in the ecosystem and strategic reserve management wallet of the project.Why did the Strategic Reserve wallet receive more MOVE?
Added MOVE for the purpose of long-term fund management or internal use, not for selling off in the market.What is the trend of MOVE price?
The MOVE price is in a short-term uptrend phase, with potential targets surpassing the range of 0.18 to 0.25 USD if the uptrend structure is maintained.What impact does the liquidated short position have?
Liquidating shorts helps increase buying pressure and drives the MOVE price higher, creating opportunities for a new positive trend.Will the MOVE price decrease if it loses important support?
If MOVE breaks the support level of 0.165 USD, it could drop to 0.16 USD or lower, requiring investors to pay attention to risk management.
Source: https://tintucbitcoin.com/45-trieu-move-roi-binance-phe-tang/
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