-13.38% for Movement as bullish efforts stall near $0.0117 support

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Movement slides 13.38% today to $0.0123

Highlights

Movement has gained access to licensed payment rails across the US, Canada, and EU, enabling direct participation in regulated payment markets.
The company has pivoted its core strategy toward cross-border stablecoin payments, expanding its addressable market beyond blockchain interoperability.
MOVE/USD remains under heavy selling pressure, with technical signals strongly bearish and the expected short-term range at $0.0117–$0.0129.

Market reach expands as operational pivot meets persistent selling

Movement has completed a significant operational expansion by securing access to licensed payment rails in the US, Canada, and the European Union, as reported by en.bloomingbit.io. This development enables direct entry into the largest regulated payment markets, increasing the company's reach and enhancing its ability to facilitate compliant transactions. Separately, Movement has shifted its strategic focus toward cross-border payments using stablecoins, moving away from linking blockchains built with the Move programming language and Ethereum, according to cryptonews.net. Both steps mark material changes in the company's direction and addressable market, though price action has remained under broader selling pressure.

Bear momentum prevails as oversold signals intensify below resistance

MOVE/USD is trading below its MA-20 and MA-50 on the hourly chart, with price also far beneath the MA-200 on the daily timeframe. The Ichimoku Kijun sits at $0.0133 and acts as immediate resistance. Bearish momentum signals are reinforced by both MACD and ADX, while RSI stands at 28.40, indicating oversold conditions. Stoch RSI and CCI are also oversold, and BBP along with the Awesome Oscillator confirm sustained seller dominance intraday.

Downtrend risk persists as breakout chances remain limited

In the short term, MOVE/USD is expected to fluctuate within the $0.0117–$0.0129 band, reflecting typical volatility at current levels. The probability of an upward move is seen as very low, while further downside is considered highly likely. A break above the $0.0133 resistance could ease selling, but a fall below $0.0117 support would reinforce the prevailing downtrend.

Anton Kharitonov, analyst at Traders Union, notes that MOVE remains under strong selling pressure despite major expansion into US, Canadian, and EU payment rails. He sees the new focus on stablecoin-based cross-border payments as a shift with potential, but current technicals show no support from buyers. Downside momentum is dominant and key indicators remain oversold. "Unless MOVE/USD can reclaim $0.0133, the trend stays bearish and I remain cautious on any upside attempts."

Earlier, analysts noted that Movement was exhibiting persistent bearish momentum despite ecosystem developments. Current technicals and the asset's new strategic direction continue to reinforce a downside bias, making sustained closes below $0.0117 a key signal for further weakness ahead.

Source of Data: MOVE Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.