Digital currency MOVE, the native token of Movement network, has shown a remarkable 25% growth today. The token was priced at $0.84 on December 24th but has now crossed the $1 mark. Alongside this price surge, MOVE trading volume in the past 24 hours has significantly increased by 40% to reach $2.12 billion. The rise in trading volume indicates growing interest in this altcoin compared to other cryptocurrencies. If this trend continues, MOVE price is expected to keep rising. The price and trading volume surge of MOVE occurred after the integration of Wrapped Bitcoin (WBTC) token into the Movement network on December 19th. This progress allows the Movement network to attract more liquidity and strengthen its decentralized financial ecosystem. Additionally, the number of active addresses in this network has also increased, showing increased user interaction with this token. Technically, the price surge of MOVE was due to breaking the descending triangle pattern in its price chart. Interestingly, the token’s price has not even dropped below the horizontal support level of the pattern and has now reached $1.06. This technical breakout could help MOVE price reach $1.45 and possibly even $2 in more bullish scenarios. On the other hand, if token holders decide to sell, MOVE price may drop to $0.53.
