MOVE token continues its downward trajectory as over 98% of holders remain at a loss, limiting buying pressure. Despite a brief 22.45% rally on February 15, the gains were quickly retraced, highlighting the token's fragile price action. Open Interest surged by nearly 12% in 24 hours, indicating heightened market activity, yet funding rates remain negative, reflecting a market dominated by short positions.
Technical indicators such as Coin Days Destroyed (CDD) and exchange net position changes suggest continued selling pressure. CDD spikes indicate long-held coins are moving back into circulation, while increased exchange inflows often precede further selling. With MOVE down approximately 98.25% from its all-time high, only 1.127% of addresses are in profit, turning minor rallies into selling opportunities. Until MOVE breaks above critical resistance with sustained buyer activity, the downtrend is expected to persist.
MOVE Token Faces Persistent Downtrend Amid Overwhelming Holder Losses
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