MOVE’s Breakout Above $0.2430 Sets Stage for Bullish Rally to $10 by Mid-2025

• Movement ($MOVE) is testing key resistance, with a breakout threatening a rally to $10 by mid-2025.
• Piercing the $0.295 resistance could propel $MOVE to powerful bullish momentum, heading towards $0.30.
• Accumulation at approximately $0.22 implies strong buying demand and a potential reversal towards $0.27 and above.

$MOVE has fallen for several months in a bear trend, but market watchers find a possibility for reversal in the short term. With the price action dancing around key regions of resistance, a break could suggest an ambitious ascent as traders watch $MOVE as it breaks over key points for its future direction.

Technical Setup Shows Consolidation at Crucial Levels

The chart shows Movement’s price trading between key support and resistance levels, indicating potential for a shift. Price is consolidating near $0.24 after breaking a major descending resistance line. This setup marks a crucial point for traders to watch, with the next target being $0.30.

Source: Crypto General

The above assessment by a prominent technical analyst, Crypto General, noted that the prolonged downtrend created a compression of price action within a narrow range. Given the chart’s layout, he observes that a breakout above $0.24 could lead to a sharp rally, with a realistic target of $10 by mid-2025. 

The resistance level around $0.295 has proven to be a barrier. Crypto General highlights the critical nature of this resistance, stating that overcoming it could trigger a substantial rally toward higher levels. Zooming into the price action, he notes a clear formation of higher lows since late April, confirming growing bullish momentum. This transition marks the start of a recovery phase, with $0.30 as the next key hurdle.

BitMonty’s Breakdown: The Path Forward for $MOVE

Looking from another perspective, analyst BitMonty provides a detailed take on the 1-hour chart from April 8 to April 26, 2025. He highlights a marked shift in market structure, noting that $MOVE is now in an early-stage markup phase after bottoming out at $0.22. The key resistance around $0.286-$0.295 remains a focus for near-term price action.

Source: BitMonty

Focusing on the MACD cross, BitMonty uncovers a subtle but important shift in momentum that signals further upside potential. Studying volume inflows, he identifies accumulation near the $0.22 level, confirming that buyer interest has increased. This change pushed him to assess the next resistance zones at $0.2571 and $0.2430, which are critical to establishing sustained upward momentum.

A breakout above these levels would set the stage for a potential push toward $0.27, and possibly higher, should the upward trend continue. BitMonty concludes that the next few days will be pivotal for Movement, with a clear need for price to hold above the $0.2430 mark to ensure bullish continuation.