Move recovered from his recent decrease after the World Liberty Financial of Donald Trump had made an important investment in the Altcoin, which led to speculation in the strategic cryptocurrency reserve of the government.
After reaching a low point of $ 0.391121 on March 4, 2025, amidst escalating problems with the trade war, Movement (Move) returned to an intraday height of $ 0.505 on 6 March, achieving double digits of around 29.1%.
According to the last check during the Asian afternoon session, the win on Tuesday was more than 33% from his local low point. The market capitalization of the Altcoin was more than $ 1.15 billion, while daily trade almost tripled and fluctuated more than $ 258 million.
Today’s profits were activated after the US President Donald Trump had bought the crypto project ‘World Liberty Financial’ covenant for $ 1.5 million in movers, including Altcoins, of a newly established wallet.
With the Crypto top of the White House, just one day away, Move speculated in the crypto community that could be part of the strategic reserve plans of the crypto that President Trump recently revealed to position the US as the ‘Crypto -capital of the world’.
The top, set for Friday March 7, is chaired by venture capitalist David Sacks and Congressman Bo Hines. It is expected that the founders, CEOs, investors and policymakers of Crypto bring together to discuss the future of digital assets in the US and mark a new step in Trump’s push to make America a leader in digital finances.
With pro-Crypto-sentiment who gained ground in policy-making circles, investors seem to bet that relocation could also benefit from potential initiatives supported by the government because it fits in with the story ‘Made in USA’.
Per facts Van Coinglass has recently risen from Derivaten traders, with open interest in the Altcoin Futures market that jumps to $ 91 million at the time of writing at the time of writing.
In the meantime, santiment data shows an increase of 146% in daily active addresses, which is often seen in times of increased trading activity at holders.
Relocation was trending on X and Coetecko, although the social sentiment was negative at the time of the press. Usually this means that the price winsts have followed recent events.
Move price analysis
Technical indicators show that the Altcoin is recovering from his Bearish Momentum, which has prevailed since the beginning of January of this year.
On the price diagram of 4 hours/USDT, Move is once again broken over the decreasing trend line that has been with lower highlights and lower lows since 6 January, which traders regard as a forerunner for a trend date.
Move was near the upper Bollinger band, which suggests that a strong purchasing pressure, with new money that flows into its market.
The MACD lines are also facing upwards, with the MACD line that crosses above the signal line while staying above the price line, which confirms a possible trend removal -mainly because the trade volume of the Altcoin has been enriched in the past day.
Further CoingLass data shows that investors have collected the movement, with net outlets of exchanges of almost $ 11.5 million in the last 12 days, which shows that his investors believe in more potential future profit.
That is why Move could possibly collect to his psychological resistance at $ 0.55, a level that it would not break on March 3. If it succeeds in getting above this level, the next goal for movement would be $ 0.68, a resistance level that it had difficulty breaking several times at the beginning of February.
Publication: This article does not represent investment advice. The content and materials on this page are only for educational purposes.
