BanklessTimes
Movement Crypto Price Climbs 16% as Analysts Set Sights on All-Time High
Home Articles MOVE Token Shows Mixed Signals: Dev Suite Expands As Price Tests Support

MOVE Token Shows Mixed Signals: Dev Suite Expands As Price Tests Support

Nelson Adebowale
Nelson Adebowale
As a pioneering crypto investor since 2015, I've experienced this industry's highs and lows firsthand. I was an early adopter who bought Ether for $45 - talk about life-changing! Since then, I’ve written over 1,500 articles on cryptocurrency, blockchain and emerging technologies for clients worldwide. I take a holistic approach to every project, thoroughly researching topics to develop insightful narratives that resonate with audiences. My writing is engaging, easy to understand and designed to capture attention. I strive to simplify complex concepts while maintaining academic rigor through credible sources.
January 6th, 2025
Editor:
Joseph Alalade
Joseph Alalade
Editor:
Joseph Alalade
News Lead and Editor
Joseph is a content writer and editor who has actively participated in crypto for over 6 years. He enjoys educating others about Web3 and covering its updates, regulatory developments, and exciting stories.

The Move ecosystem is experiencing significant growth in early 2025, marked by several key developments strengthening its foundation. Following Unmarshal’s recent partnership announcement with Movement Labs on January 3, the ecosystem has rolled out crucial infrastructure updates to empower developers and foster community engagement.

These updates are pivotal as Movement continues establishing itself as the first MoveVM Zero-Knowledge Layer-2 solution on Ethereum. Launching dedicated developer forums, Movement Improvement Proposals (MIPs), and an open-source developer portal represent a strategic shift toward greater transparency and collaborative development.

As these tools become available to developers, the ecosystem positions itself for sustained growth through improved documentation and streamlined development processes.

MOVE Developer Infrastructure expands as Unmarshal partnership takes shape

The Move ecosystem marked significant progress in early January 2025 with two key developments. The launch of comprehensive developer infrastructure includes new forums for long-form discussions, a Movement Improvement Proposal (MIP) Gitbook for feature additions, and an open-source developer portal. These tools create a more structured environment for developers to learn, contribute, and build on the Movement Network.

Simultaneously, the ecosystem welcomed a strategic partnership with Unmarshal, which was announced on January 3. This collaboration aims to enhance the blockchain ecosystem with AI-powered data infrastructure, providing builders access to Wallet APIs, Smart Notifications, and Xscan tools.

At press time, MOVE trades at $1.05, showing a very minute decrease of 0.65% in the last 24 hours. While these recent infrastructure improvements and partnership announcements demonstrate strong ecosystem growth, their direct impact on MOVE’s price action remains to be determined.

Technical outlook: MOVE token shows mixed signals

The MOVE token is currently trading within an ascending channel pattern that has formed since mid-December, with the price hovering at $1.0546. The recent price action reveals several key technical indicators worth noting.

The RSI (Relative Strength Index) reading of 38.75 indicates the token is approaching oversold territory, having declined from previous levels above 40.92. This suggests mounting selling pressure in the short term, though it also presents potential buying opportunities if the support level holds.

In a similar fashion, the MACD displays a bearish crossover, with readings of -0.0113, -0.0092, and -0.0021 across its signal lines. This technical formation typically signals short-term downward momentum.

Price action shows strong support at the $0.80 level, which aligns with the lower boundary of the ascending channel. The upper resistance sits near $1.20, a level tested multiple times throughout late December. The current price structure maintains a series of higher lows, suggesting an underlying bullish trend despite recent pullbacks.

MOVE Monthly Trading Chart Showing RSI & MACD

Monthly Movement (MOVE) Trading Chart 

Trading volume has notably decreased, with current figures showing 45.22K in the last 24 hours, representing a 4.85% decline. This reduced volume during a price dip often indicates a lack of strong selling conviction, though traders should watch for volume confirmation on any potential reversals.

Looking ahead, the ascending channel remains the dominant technical pattern. A break below $0.90 could signal a trend reversal, while a sustained movement above $1.12 might open the path to test previous highs. The confluence of technical indicators suggests a period of consolidation may be necessary before the next significant move.

Read more: Is Bitcoin Poised to Break Its ATH This Week?

Contributors

Nelson Adebowale
As a pioneering crypto investor since 2015, I've experienced this industry's highs and lows firsthand. I was an early adopter who bought Ether for $45 - talk about life-changing! Since then, I’ve written over 1,500 articles on cryptocurrency, blockchain and emerging technologies for clients worldwide. I take a holistic approach to every project, thoroughly researching topics to develop insightful narratives that resonate with audiences. My writing is engaging, easy to understand and designed to capture attention. I strive to simplify complex concepts while maintaining academic rigor through credible sources.