MOVE, the altcoin that recently experienced a drop in its value, has now rebounded following a significant investment from Donald Trump’s World Liberty Financial. The investment sparked speculation within the crypto community that MOVE could potentially be included in the government’s strategic cryptocurrency reserve.
On March 4, 2025, MOVE hit an all-time low of $0.391121 amidst concerns surrounding escalating trade wars. However, by March 6, the altcoin had rebounded to an intraday high of $0.505, marking a significant increase of approximately 29.1%. At the time of writing, MOVE’s market cap exceeded $1.15 billion, with daily trading volume surpassing $258 million.
The resurgence in MOVE’s price can be attributed to U.S. President Donald Trump’s connection with the crypto project ‘World Liberty Financial’, which recently acquired $1.5 million worth of MOVE tokens from a newly established multi-signature wallet. With the upcoming White House Crypto Summit scheduled for March 7, speculations have arisen that MOVE could potentially be part of the government’s plans to position the U.S. as the “Crypto Capital of the World.”
The summit, to be chaired by venture capitalist David Sacks and Congressman Bo Hines, aims to bring together key stakeholders in the crypto industry to discuss the future of digital assets in the U.S. Given the growing support for cryptocurrencies in policymaking circles, investors are optimistic about MOVE’s potential involvement in government-backed initiatives, especially in the context of promoting products made in the USA.
Data from CoinGlass indicates a surge in demand from derivatives traders, with open interest in MOVE futures increasing by over 50% in the past day to $91 million. Additionally, Santiment data reveals a 146% rise in daily active addresses, indicating heightened trading activity among holders.
From a technical analysis standpoint, MOVE appears to be recovering from its previous bearish trend that began in early January. The altcoin has broken above a descending trendline on the 4-hour/USDT price chart, signaling a potential trend reversal. Strong buying pressure is reflected by MOVE trading near the upper Bollinger Band, while the MACD lines suggest a positive trend reversal.
Investors have been accumulating MOVE, with net outflows from exchanges amounting to nearly $11.5 million over the past 12 days. This accumulation, combined with the altcoin’s positive momentum, could potentially propel MOVE towards its psychological resistance at $0.55 and beyond to $0.68.
In conclusion, the recent rebound in MOVE’s price, fueled by the investment from World Liberty Financial and the upcoming White House Crypto Summit, has generated optimism among investors. While the future trajectory of MOVE remains uncertain, the current market indicators suggest a potential rally in the altcoin’s value, with key resistance levels to watch out for in the coming days.