MOVE rebounded from its recent drop after Donald Trump’s World Liberty Financial made a significant investment in the altcoin, sparking speculation of a possible inclusion in the government’s strategic cryptocurrency reserve.
After hitting an all-time low of $0.391121 on March 4, 2025, amid escalating trade war concerns, Movement (MOVE) rebounded to an intraday high of $0.505 on March 6, posting double-digit gains of roughly 29.1%.
As per the last check during the Asian afternoon session, its gains stood at over 33% from its local low on Tuesday. The altcoin’s market cap was seated at over $1.15 billion, while its daily trading almost tripled, hovering over $258 million.
Today’s gains were triggered after U.S. President Donald Trump linked crypto project ‘World Liberty Financial’ purchased $1.5 million worth of MOVE tokens, among other altcoins, from a newly created multi-signature wallet.
With the White House Crypto Summit just a day away, MOVE has sparked speculation in the crypto community that it could be part of the crypto strategic reserve plans that President Trump recently revealed to position the U.S. as the “Crypto Capital of the World.”
The summit, set for Friday, March 7, will be chaired by venture capitalist David Sacks and Congressman Bo Hines. It’s expected to bring together crypto founders, CEOs, investors, and policymakers to discuss the future of digital assets in the U.S. and marks another step in Trump’s push to make America a leader in digital finance.
With pro-crypto sentiment gaining ground in policymaking circles, investors seem to be betting that MOVE could also benefit from potential government-backed initiatives—especially since it aligns with the “Made in USA” narrative.
Per data from CoinGlass, demand from derivatives traders has surged recently, with open interest in the altcoin futures market jumping over 50% over the past day to $91 million at the time of writing.
Meanwhile, Santiment data shows a 146% increase in daily active addresses, which is often seen during times of increased trading activity among holders.
MOVE was trending on X and CoinGecko even though its social sentiment was negative at press time. Typically, this means the price gains followed recent events.
MOVE price analysis
Technical indicators show that the altcoin is recovering from its bearish momentum, which has prevailed since early January of this year.
On the 4-hour/USDT price chart, MOVE has once again broken above the descending trendline that had been forming with lower highs and lower lows since Jan. 6, which traders view as a precursor for a trend reversal.
MOVE was trading close to the upper Bollinger Band, suggesting strong buying pressure, with new money flowing into its market.
The MACD lines have also pointed upwards, with the MACD line crossing above the signal line while remaining above the price line, confirming a possible trend reversal—especially as the altcoin’s trading volume has spiked over the past day.
Further CoinGlass data shows that investors have been accumulating MOVE, with net outflows from exchanges totalling nearly $11.5 million over the past 12 days, showing that its investors believe in more potential future gains ahead.
Hence, MOVE could potentially rally to its psychological resistance at $0.55, a level it failed to break on March 3. If it manages to move above this level, the next target for MOVE would be $0.68, a resistance level it struggled to break multiple times in early February.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Read the full article here