CandleFocus MOVE Token Tumbles 50% as Market Selloff Intensifies
2024-12-12
Author: Content Editor
The native coin of the Layer-2 blockchain Movement, called MOVE, experienced a 50% surge shortly after its launch on December 9. However, it has now reversed course and plummeted by a similar percentage. Profit-taking is strengthening, putting the MOVE token price at risk of further decline. The Aroon Down Line and declining Chaikin Money Flow indicate a strong bearish trend for MOVE. The token currently trades at $0.68, with potential support at $0.60. If the support fails, the downward trend may continue. In contrast, if buying activity resumes, the price could breach resistance at $0.77 and climb toward $0.88.
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