The price of Movement (MOVE) has surged by over 12% in the last 24 hours. This rise is due to several positive developments that could increase MOVE coin price.
Reports suggest that the Donald Trump-owned crypto project World Liberty Financial (WLFI) has purchased another $1.88 million worth of Movement coins.
Moreover, Lookonchain revealed that the project bought 2.4 million units of $MOVE. They also bought 3,191 Ether, worth roughly $10 million.
At the same time, interesting rumors are circulating that the Department of Government Efficiency (DOGE), led by Elon Musk, is considering using blockchain technology to enhance government operations and reduce costs.
The new American government department has not revealed which blockchain platform it will use, but many in the crypto community believe it may choose the MOVE blockchain. This platform allows developers to create secure, efficient, and compatible blockchain applications.
Move Coin Price Set to Reach $2
Several bullish narratives surround Movement (MOVE) in the past few days. Coinpedia, a crypto price analysis platform, notes that $MOVE’s price has risen after its acquisition by WLFI and talks with Elon Musk’s DOGE team.
At the time of the tweet, the MOVE token was $0.8117, up 12.56% after recovering from a support level of $0.63. However, analysts believe investor confidence has grown due to the acquisition rumors and possible new partnerships, leading to more market activity.
The chart in the report shows that $MOVE has broken out of a downward trend, a positive sign for gains. Coinpedia is monitoring the next resistance level at $2, which could mean a 150% increase from the current price.
Movement Mainnet Launch on the Horizon
Coinpedia is not the only group of analysts expecting a rise in the MOVE coin. Analysts at Crypto Winkle share this expectation, but they have a different target price for $MOVE.
Crypto Winkle observed that $MOVE has risen after breaking through a key price level, with the analysts setting the next target at $1.45, its previous all-time high.
The trading volume for this token has jumped by 239%, showing strong market activity. The upcoming launch of the network’s mainnet in February is one factor causing this rise, per Crypto Winkle.
On January 28, 2025, the Movement Network Foundation announced the Developer Phase of its Public Mainnet, which builds on the initial release in December.
This new phase, set to launch in February, will introduce Cornucopia. Cornucopia aims to improve DeFi applications and make the market more efficient.
Additionally, Crypto Winkle shared a chart that shows a breakout from a downward trend, suggesting a potential upward movement in price. With no major obstacles ahead, the analysts expect a prolonged price increase as $MOVE enters a new price discovery phase.
Movement (MOVE) market sentiment remains positive, fueled by speculation about high-profile endorsements and upcoming developments.
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