- MOVE faces intense selling as Coinbase delisting sparks panic-driven price decline.
- Key support at $0.185–$0.190 may hold, but downside risk remains toward $0.150.
- Momentum shows early bullish signs, yet resistance at $0.210–$0.215 limits rebound.
Movement (MOVE) is facing significant selling pressure as traders react to Coinbase’s upcoming delisting announcement. Coinbase confirmed that MOVE trading will be suspended on May 15, 2025, at 2 PM ET across its platforms. Consequently, traders are adjusting their positions ahead of the suspension date, leading to heightened volatility and a sharp decline in price.
Moreover, trading has already shifted to limit-only mode, allowing only the placement and cancellation of orders. This adjustment appears to have contributed to a liquidity crunch, making price swings even more unpredictable in recent sessions.
The token’s price has dropped 21.90% in the past 24 hours, settling at $0.1961. Moreover, a notable volume spike of 395.77% suggests intensified trading activity, likely driven by panic selling or large-scale profit-taking as investors rush to exit positions before trading halts.
This selling pressure followed a recent peak near $0.2503, where the token briefly rallied. Since then, the price has entered a clear downtrend, with little sign of recovery as bearish sentiment continues to dominate the market.
Support Levels Signal Stabilization
Currently, MOVE is hovering between $0.185 and $0.190, a zone showing signs of short-term consolidation. This range could offer temporary support if selling pressure eases.
However, if bears maintain control, the price could revisit $0.175 a level where it previously found support during the late-April sell-off. Additionally, analysts have flagged $0.150 as a stronger support level. This zone holds psychological importance as it could attract buyers if the price weakens further.
The token’s circulating supply remains a factor weighing on its outlook. Only 25% of the total supply, or 2.5 billion tokens, are in circulation. If more tokens enter the market in the future it could cause dilution risks. This dynamic could cap any near-term rallies while limiting the upside potential.
Momentum Indicators Signal Potential Rebound
Resistance remains firm between $0.210 and $0.215, an area where recent rebound attempts failed. Moreover, $0.230 has flipped from support to resistance following the steep drop. The recent high of $0.250 remains a significant resistance level if the token attempts a stronger recovery.
MOVE/USD daily price chart, Source: TradingView
Technical indicators show mixed signals. The MACD line has turned slightly positive, hinting at a possible bullish crossover. Additionally, the RSI reads 30.55, sitting just above oversold levels.
The MOVE token is under intense selling pressure following Coinbase’s delisting announcement, with a sharp 21.90% drop in price and a surge in trading volume signaling panic-driven exits. While current price action suggests potential short-term stabilization between $0.185 and $0.190, further downside risk remains if bearish momentum persists, with $0.175 and $0.150 acting as key support zones.
