1 day ago
10
Cryptocurrencies dominated financial trends due to their swift recoveries from DeepSeek-driven slumps.
Bitcoin has reclaimed $100K after plunging toward the $97K vicinity, changing hands at $103,129.
While top altcoins XRP (+8%), Cardano (+5%), and Stellar (+4%) saw significant gains, Movement (MOVE) stole the show with its outperformance.
MOVE soared from yesterday’s low of $0.6368 to $0.8817 today – a 38.45% gain within two days.
What triggered MOVE’s remarkable jump?
Besides broad market sentiments, two catalysts contributed to Move Coin’s significant recovery.
First and foremost, Trump-linked World Liberty Finance has acquired MOVE in its altcoin shopping spree.
Reports show World Liberty Financial has purchased MOVE worth approximately $1.859 million (2.397 million coins) in four different transactions today.
Trump family project World Liberty Financial has purchased a total of 2.397 million MOVE tokens in 4 transactions in the past 30 minutes, worth $1.859 million. Currently, World Liberty Financial holds about $389 million in cryptocurrencies. intel.arkm.com/explorer/entit…
The DeFi project now holds cryptocurrencies worth over $390 million.
Reports of Elon Musk’s Department of Government Efficiency exploring Movement (MOVE) for blockchain initiatives fueled the altcoin’s bullishness.
Bloomberg highlighted Musk’s plans to leverage blockchain to track government spending and manage federal-owned infrastructure.
Meanwhile, today’s X posts revealed that Movement is among the projects Musk plans to use when navigating blockchain solutions.
Movement is an Ethereum-based L2 solution utilizing the ZK technology to improve security and scalability.
World Liberty Financial has also accumulated Ethereum, even during price plunges.
The project capitalized on the latest dip to acquire 3,247 ETH for $10M after spending $20M for 95 WBTC and 3,001 ETH the past weekend.
Close sources suggest that the D.O.G.E team evaluates blockchains with top-notch tech and potential to ensure efficiency.
The new supervisory initiative believes blockchain can help reduce waste, abuse, and government fraud, matching Trump’s priorities.
MOVE current price action
The altcoin trades at $0.8394 after sliding from its 24-hour peak.
Chart by CoinmarketcapIt exhibits a solid bullish trajectory after the swift uptrend.
The massive surge in daily trading volume signals renewed trader and investor interest in MOVE.
Technical indicators support the Movement’s upward trajectory.
For instance, the Chaikin Money Flow climbed from -0.37 to press time’s 0.06 in the past week.
That indicates increased cash flowing into the MOVE ecosystem, signaling investor conviction of the alt’s future performance.
The 4H Moving Average Convergence Divergence displays optimism with a bullish crossover with the signal line.
Continued gains would propel MOVE towards the resistance at $0.90.
Overcoming this obstacle could catalyze significant gains past $1 to the early January levels of $1.140.
That would mean a more than 26% uptick from Movement’s current price.
However, enthusiasts can expect a brief decline after the massive surge.
Meanwhile, broad market developments remain crucial for MOVE’s near-term trajectory.
The prevailing landscape suggests continued rallies for digital currencies.
MicroStrategy’s Michael Saylor expects Bitcoin’s explosive move to $180K in the upcoming months.
Michael Saylor says, “#Bitcoin is going to surge through the roof. It’s going to surge to $180,000” 🚀
That would mean vigorous uptrends for altcoins, and recognition from governmental initiatives position MOVE for robust growth in the upcoming months and years.
The post Movement price prediction: Musk’s D.O.G.E and Trump’s WLFI fuel MOVE’s 38% surge appeared first on Invezz
English (US) ·