Altcoin
Movement [MOVE] fails to reclaim key levels – Sell-offs incoming?
The 90-day mean dollar invested age was on a steady uptrend – Strong price gains could follow this metric’s fall.
- MOVE fell below the short-term range lows and hasn’t reclaimed it yet
- Rising MDIA meant new investments aren’t entering and holders weren’t moving their tokens
Movement [MOVE] saw a 11.16% hike in 16 hours after hitting its $0.786 lows on Monday. This was followed by a 9% drop in the last 36 hours. The end result was that MOVE was trading less than 1% away from Monday’s lows, at press time.
Meanwhile, Bitcoin [BTC] has gained by 8.7% from Monday’s lows. The $92.4k region was firmly reclaimed as a demand zone and BTC
seemed to be heading towards its $102k resistances. The disparity in both assets’ price actions were insightful. Especially since it underlined the relative weakness that MOVE exhibited.Sifting through Movement’s signals, the bears have an advantage
Source: MOVE/USDT on TradingView
The 4-hour price chart highlighted a nearly month-old range from $0.83 to $1.13. As highlighted earlier, the recent bounce was not enough to reclaim the range lows as support. The subsequent slide below $0.83 was a concerning sign too.
During the last two weeks, the A/D indicator has also skated lower. This steady downtrend pointed to persistent selling pressure and weakness from the buyers. It seemed likely that MOVE would fall to $0.728 or lower in the coming days.
Source: Santiment
The on-chain metrics weren’t bullish either. The 30-day MVRV ratio was slightly negative. This meant short-term holders have less reason to sell their holdings since they are at a loss already. However, this would be only a small consolation.
The age consumed has also been quiet in January. The metric makes spikes when a large amount of tokens, or older tokens, are moved – The bigger the spike, the larger the collective age of the moved tokens.
Read Movement’s [MOVE] Price Prediction 2025-26
The 90-day mean dollar invested age was on a steady uptrend as well. This alluded to holders not moving their coins, and could be indicative of network stagnation.
Since Movement has only traded for just over a month, the MDIA’s uptrend is not a worry for the bulls. However, it is possible that strong price gains would follow the MDIA’s downturn.
