Relocation collected for the second consecutive day, supported by continuous token purchase by the Movement Network Foundation.
According to data from crypto.news Movement (Move), the native token of the modular Layer-2 Blockchain ecosystem rose on 26 June more than 35% to reach an intraday high of $ 0.199 during the Asian trade hours of the afternoon. The rally pushed its market capitalization above $ 512 million and expanded its weekly profit to more than 52%.
The daily trading volume increased more than 300% compared to the previous day, whereby the sentiment of investors was probably stimulated by continuous token buying activity by the Movement Network Foundation.
According to official disclosureThe Movement Network Foundation, an entity that supervises the motion ecosystem, has bought back 45 million relocation chists in the last 24 hours, which means that the total moment in June returns to 63 million tokens.
The initiative seems to be part of a repurchase program that is financed by a strategic reserve of the movement, which was founded in May. Part of the reserve is reportedly supported by assets that have been reclaimed from Rentech, now forbidden market maker accused of price manipulation.
Because of this reserve, tokens are actively bought back from the open market to stabilize prices and reduce volatility in the aftermath of the sale.
In the meantime, the recent purchase comes after the movement team had transferred 500 million relocation vocals to Binance at the beginning of May 2025 as part of the Move Launchpool season 2 initiative.
The Token Transfer and LaunchPool Initiative seem to be strategic efforts of the movement team to agree with token holders and to facilitate the concern about potential deletion, concerns that were reinforced after Coinbase-remedied relocation in May, stating the non-compliance with the Nasleepres in the Nasleepres in the Nasleepres in the NaSleepingCinces in the NaSleepsCincen in the Nasleepres in the Common.
The return program seems to have contributed to a noticeable increase in the bullish sentiment.
At the same time, whale accumulation has also picked up pace. According to Nansen data, Whale Wallets have increased their relocations by almost 200% in the past three months, now together 843,829 tokens.
However, additional data present a bearish note. Although whales have increased their participations, smart money portfolios, often as more strategically, have reduced their exposure to the movement by 52% within the same period. This divergence suggests that although larger holders accumulate, more strategic traders can still be careful with the long -term supply of Move.
Move price analysis
On the 1-day/SUDT price diagram, Move is broken from a more weeks of falling wig pattern, a typical bullish technical formation that often precedes the upward price revenues.
Moving Prize has also violated a falling trend line that had closed the price action since the end of December, which indicates a possible shift in the market structure from lower highlights to higher highlights.
Momentum indicators such as the RSI and MacD have also risen, which enhances the chance of persistent bullish momentum in the short term.
Based on this technical setup, the most likely upward target for movement is at the level of $ 0.41, which represents the 23.6% Fibonacci Retracementzone and 115% above the current price level.
Nevertheless, a deterioration of the wider market sentiment, especially if geopolitical tensions in the middle, could escalate this bullish structure invalid. In that case, MOP risks risks to fall back to the level of $ 0.11, a critical support zone that has historically attracted the purchase interest.
Publication: This article does not represent investment advice. The content and materials on this page are only for educational purposes.
