MOVE Token Faces Persistent Downtrend Amid Holder Losses

MOVE token continues its downward trajectory as over 98% of holders remain at a loss, limiting buying pressure. Despite a brief 22.45% rally on February 15, the gains were quickly retraced, highlighting the token’s fragile price action. Open Interest surged by nearly 12% in 24 hours, indicating heightened market activity, yet funding rates remain negative, reflecting a market dominated by short positions.

Technical indicators such as Coin Days Destroyed (CDD) and exchange net position changes suggest continued selling pressure. CDD spikes indicate long-held coins are moving back into circulation, while increased exchange inflows often precede further selling. With MOVE down approximately 98.25% from its all-time high, only 1.127% of addresses are in profit, turning minor rallies into selling opportunities. Until MOVE breaks above critical resistance with sustained buyer activity, the downtrend is expected to persist.