Haciyev Reşit 
In the crypto market, the Movement (MOVE) token gained 13% on Wednesday, December 24. This surge drew attention primarily due to an approximately 400% increase in daily trading volume, as well as a sixfold rise in spot volume for the MOVE/USDT pair on Binance compared to its 20-day moving average. However, analysts emphasize that this move does not signal a long-term trend reversal and goes beyond being more than a short-term price spike. An examination of on-chain metrics and investor behavior suggests that MOVE remains in a broader downtrend and that the recent rise may be temporary. As a result, investors are advised to adopt a cautious and strategic approach.
Trading Volume and Market Dynamics for MOVE
According to CoinGecko data, MOVE’s daily trading volume surged by nearly 400% over the past 24 hours. This increase reflects investors’ tendency to pursue short-term opportunities and indicates a temporary rise in interest in MOVE. Despite this, daily active discussions and weighted market sentiment data did not show a significant increase. While dormant circulation picked up on December 23, the average money flow continues to rise gradually. This suggests that holders are still maintaining their positions rather than taking quick profits. Therefore, MOVE has limited short-term upside potential, and investors should closely monitor this movement while remaining cautious against sudden price fluctuations.
The downtrend for MOVE has persisted since January 2025. The altcoin failed to benefit from Bitcoin rallies in both June and September. Selling waves following the October 10 crash further incentivized MOVE holders to sell. One of the main reasons behind this pressure is the token’s vesting schedule and the lack of strong bullish catalysts. Currently, only 28% of the total supply is in circulation.
Short-Term Rally and Risks
While the sharp increase in daily trading volume has fueled expectations of a short-term rally in MOVE, experts warn that this move could be a bull trap. Similar volume spikes in the past failed to trigger a sustained trend reversal. On November 22 and December 14, MOVE recorded intraday gains of 55.9% and 54%, respectively. However, both high-volume rallies were followed by pullbacks within a few days, and the broader downtrend resumed. This pattern demonstrates that rising daily volumes alone are not sufficient to break MOVE’s downtrend and underscores the need for investor caution.
Assessment
Although the MOVE token posted a 13% gain in the latest session, this move is not considered a signal of a long-term trend reversal. While on-chain data has not yet indicated aggressive distribution warnings, investors should remain cautious given the prevailing downtrend. Even if a short-term rally occurs, it is critical for MOVE holders to take strategic and well-calculated positions.
You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.