MOVE Skyrockets 35%+ as Movement Network Foundation Goes on Token Buyback Spree
Bullish momentum erupts in the crypto markets as MOVE defies gravity—thanks to aggressive treasury maneuvers.
Movement Network Foundation just lit a rocket under its native token. A sudden 35% price surge follows their announced buyback program—proving once again that nothing pumps a coin like the devs opening their own vault.
Market watchers smirk as the 'decentralized' project demonstrates centralized price control. The buyback blitz triggers classic FOMO patterns, with traders front-running the foundation's own purchases. Liquidity pools churn as arbitrage bots feast on the volatility.
Meanwhile, crypto Twitter debates whether this is strategic tokenomics or just another 'number go up' scheme. Either way, the chart speaks for itself—for now.
Just remember: In crypto, 'foundation' often means 'we own most of the supply.' But hey—at least they're spending some of it.
MOVE price analysis
On the 1-day/SUDT price chart, MOVE has broken out of a multi-week falling wedge pattern, a typically bullish technical formation that often precedes upward price reversals.
MOVE price has also breached a descending trendline that had been capping price action since late December, indicating a potential shift in market structure from lower highs to higher highs.
Momentum indicators such as the RSI and MACD have also turned upward, reinforcing the likelihood of sustained bullish momentum in the NEAR term.
Based on this technical setup, the most probable upside target for MOVE lies at the $0.41 level, which represents the 23.6% Fibonacci retracement zone and 115% above the current price level.
Despite this, a deterioration in broader market sentiment, particularly if geopolitical tensions in the Middle East escalate, could invalidate this bullish structure. In that case, MOVE risks falling back toward the $0.11 level, a critical support zone that has historically attracted buying interest.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
