Movement struggle to regain key support levels highlights potential sell-offs, but long-term forecasts suggest significant growth for the cryptocurrency in 2025.
Movement coin has been getting attention in the cryptocurrency market. However, recent price changes and signals raise worries about possible sell-offs. The asset gained some value earlier this week but has since dropped a lot. This leads to the question: will the price keep falling, or can it recover? In this article, we will look at MOVE’s current state, price trends, market mood, and on-chain data. We will also explore what the future might hold for the cryptocurrency.
Movement Struggle to Regain Key Price Levels
Movement (MOVE) saw a quick 11.16% price increase in just 16 hours after it dropped to $0.786 on Monday. However, this rise didn’t last long, and the price fell by 9% in the next 36 hours. As a result, MOVE is only 1% higher than its earlier low. Right now, the price is struggling to regain key levels, especially the short-term support level around $0.83.
Meanwhile, Bitcoin (BTC) has been showing stronger price action, gaining 8.7% since its Monday lows and reclaiming key demand zones around $92.4k. The difference between MOVE’s price movement and Bitcoin’s growth shows that MOVE is weaker compared to other assets in the market.
Bearish Signals: Is the Downtrend Set to Continue?
Weak Price Action
A major concern for Movement crypto is failure to regain the $0.83 level as support. The 4-hour price chart shows a range between $0.83 and $1.13 that has lasted for nearly a month. The recent bounce in price didn’t break the downward trend and dropped below $0.83. This suggests that sellers might be in control, and further price declines could happen soon.
The Accumulation/Distribution (A/D) indicator has been going down for the last two weeks. This shows that selling pressure is growing. The A/D trend suggests that buyers are not helping to support the price, and selling is taking over. If this continues, MOVE could drop to $0.728 or even lower in the next few days.
On-Chain Metrics Confirm Weakness
On-chain metrics are showing negative signs. The 30-day Market Value to Realized Value (MVRV) ratio is slightly negative. This means short-term holders are at a loss and have little reason to sell their holdings. While this may seem like a small consolation, the MVRV ratio suggests that MOVE’s price may have reached a point where further losses are unlikely for short-term holders.
Moreover, the age consumed metric has been quiet in January, indicating that a large number of older tokens are not being moved. The lack of token movement shows there isn’t much activity in the market. This could mean new investors are not very interested. The 90-day mean dollar invested age (MDIA) has also been rising, which shows that holders are not moving their coins. While this may not be a big concern for bulls because MOVE is new, it could indicate stagnation and low market participation.
Movement Crypto Price Predictions for January 2025
In January, Movement Crypto is expected to trade between $1.08 and $3.67, with an average price of around $2.18. This could give investors a return of up to 249.69%. Even though January’s price might change a lot, the forecast shows good chances for growth if MOVE can pick up momentum again.
While the short-term outlook for Movement crypto looks negative, the long-term forecast is much more positive. Recent predictions say that MOVE could grow a lot in 2025.
February and Beyond: Strong Upward Momentum
The projections for February are even more exciting, with a possible high of $5.11 and an average price of around $4.33. Investors who buy early could see a huge 386.44% return. Although the market may fluctuate, the expected growth for the first half of 2025 looks strong. In March and April, average prices are predicted to be around $3.26 and $3.91, respectively.
These predictions suggest that even though MOVE is struggling now, it could have a big rally in the coming months. Investors who are patient and understand the market’s cycles could see big returns by holding their positions.
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Movement Struggle to Regain: Conclusion
Movement crypto is facing big problems right now, with prices falling and on-chain data showing possible sell-offs. The failure to reach key support levels suggests that sellers may be in control for now. However, MOVE looks much better in the long run. Predictions show strong growth in 2025, making this a good time for long-term investors to buy. As always, investors should think about market conditions and how much risk they can handle before making any decisions.
Also Read: Litecoin Price Surge 17% as Whales Bet on ETF Approval
