In the past 24 hours, the digital currency MOVE has seen about a 10% price increase contrary to the market’s downtrend. The reason behind this growth is the announcement of launching the public beta version of the MOVE main network by the project’s foundation. This event has boosted investor confidence, leading to an upward momentum for MOVE amidst overall market negativity. The MOVE Foundation Network announced on Tuesday the launch of their public beta version of the main network. This blockchain is the first chain based on the MOVE programming language settling its transactions on Ethereum. Moreover, this network supports smart contract deployment without the need for permission and easy access for developers. Following this news release, the demand for the MOVE token has increased, with its daily trading volume growing by 65% to over $378 million. The simultaneous increase in price and trading volume indicates a growing market interest in this cryptocurrency. From a technical analysis perspective, the Awesome Oscillator (AO) indicator on the MOVE/USD daily chart shows that selling pressure has decreased, and buyer strength is increasing. The green bars of this indicator reinforce the likelihood of the upward trend continuing in the short term. Currently, the MOVE price is around $0.48 and is approaching the $0.49 resistance. If this resistance level is broken and turns into support, there is a possibility of the price growing to $0.61. However, if traders start taking profits, the price may drop to the $0.37 range. On the live digital currency price page, you can monitor the prices of all tokens and cryptocurrencies in real-time.
