Movement (MOVE) Gains 60% Post-Airdrop, $1.74 in Sight

Movement (MOVE) surged 60% within hours of launch, sparking excitement across the crypto community. This Ethereum Layer-2 scaling solution, powered by the Move Virtual Machine, enables one-second transaction finality. The recent airdrop and Binance listing have driven strong interest, pushing the market cap to $1.6 billion. 

Airdrop Fuels Movement (MOVE) Rally

On December 9, the Movement Network Foundation launched MOVE with a 10% token supply airdrop. Eligible participants, including testnet users, claimed a share of the $830 million value, which has since climbed to nearly $1 billion.

Binance also listed MOVE on the same day, boosting the token’s visibility and appeal. Users who subscribed BNB to Binance products in early December received airdrop rewards in their wallets. This launch strategy generated significant momentum for MOVE.

Rushi Mande, Movement Network’s co-founder, emphasized the importance of a strong ecosystem and loyal community. These elements are essential for long-term success, according to Mande.

Bullish Momentum Points to $1.74 Target

Technical analysis shows a solid foundation for MOVE’s continued growth. The $0.89 support level has held strong on short timeframes. A bullish Relative Strength Index (RSI) and rising On-Balance Volume (OBV) highlight growing demand from traders.

Technical analysis suggests MOVE could consolidate around $0.9 before climbing higher. Key resistance levels lie at $1.31, $1.47, and the ambitious $1.74 target. Despite limited price data, traders remain optimistic about further gains.

MOVE has made an impressive entry, gaining 60% post-airdrop and Binance listing. Strong support levels and bullish momentum suggest further growth is possible. With $1.74 on the horizon, Movement is quickly becoming a standout contender in the crypto space.