The price of the Layer-2 (L2) token MOVE has experienced a 12% surge in the past 24 hours, making it the top gainer in the market. This increase in value comes after World Liberty Financial, a DeFi platform backed by Donald Trump, acquired $2 million worth of MOVE tokens. However, despite the rally, there is a bearish bias against MOVE, suggesting that the price gains may not last. On-chain data reveals a significant demand for short positions, and there have been consecutive outflows from MOVE spot markets. This indicates that the rally may be driven by short squeezes rather than organic demand, raising doubts about its sustainability. If profit-taking continues, MOVE risks losing its recent gains and could potentially drop to $0.71 and even as low as $0.55. However, if there is an increase in actual demand for MOVE, it could push the price above $0.87 and potentially reach $1.08.



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