- MOVE token falls 20% after Coinbase confirms full delisting effective May 15 across all platforms
- RSI nears oversold at 30.3 while MACD flips bullish, suggesting a possible short-term bounce
- MOVE trading volume spikes 93% to $213M following delisting panic; price tests $0.20 support
The crypto market has been staying volatile, and the Movement (MOVE) token is no exception. In an announcement yesterday, Coinbase revealed that trading for MOVE will be suspended across all its platforms on May 15, 2025.
The suspension is set for around 2 PM ET on that date. This action impacts Coinbase.com, Coinbase Exchange, and Coinbase Prime.
Coinbase Delisting Details and Immediate Market Impact
The decision to delist MOVE follows a routine compliance review by Coinbase. In response to the announcement, MOVE order books were shifted to limit-only mode. This mode allows users to place or cancel limit orders but not market trades.
This move sparked significant activity in $MOVE’s trading, reflected by a 93% surge in trading volume, reaching $213.01 million in just 24 hours.
MOVE Price Breakdown and Technical Indicators
As of reporting earlier today, MOVE as of press time trades at $0.1973, down almost 20% in the last 24 hours. This sharp drop follows a period of relative stability where the token hovered between $0.240 and $0.250.
The price decline seems to coincide with Coinbase’s delisting news, likely triggering panic among holders. As a result, the token’s support is now being tested at $0.208, with a potential fallback to the psychological $0.200 level if bearish momentum continues.
Related: 700% Volume Spike Sends MOVE Price Soaring Post-Buyback: April Outlook
Resistance levels have formed at $0.2415 and $0.250–$0.255. These zones will be critical if the token attempts a recovery.
The MACD indicator is beginning to show early bullish signs, with the MACD line crossing above the signal line. However, conflicting price movements cast doubt on the strength of this signal.
Meanwhile, the RSI currently sits at 30.3, indicating that the token is close to being oversold. This could mean a short-term bounce is likely if supported by increased volume.
MOVE Price Forecast for May 2025
Despite the current bearish tone surrounding the MOVE token, technical patterns suggest a possible reversal in May 2025.
Related: Movement (MOVE) Price Prediction 2025-2030: Will MOVE Price Hit $5 Soon?
Coincodex forecast models estimate the MOVE token could average around $0.496773 during the month. Projections show a potential price range between $0.24743 and a high of $0.832815.
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