MOVE rose by 2.96% in the last 24 hours, reflecting growing buying momentum across the board.

This move seemed to extend the bullish trend seen over the past week, during which MOVE gained by 11.80% on the charts.

The price of Movement (MOVE) has risen by 2.96% in the last 24 hours, continuing to extend the bullish trend seen over the past week.

This new leg of the rally saw the token climb by 11.80% in seven days, reaching a high of $0.25. However, this move comes amid a wave of insider trading that saw Trump-backed Foundation participate in lending activity.

Movement Foundation, which is financially backed by Trump’s World Financial Liberty, engaged in a loan deal with a third party, shifting 50% of MOVE’s circulating supply. That party then dumped 86 million MOVE, valued at $16.96 million.

Usually, such a sell-off would pressure the price lower by signaling weak market conviction. But despite the huge sell order, MOVE managed to stay afloat.

On the contrary, the token’s price went up, suggesting that market participants might be unfazed by the development and are continuing to accumulate the asset.

On the derivatives market, traders went all-in on long bets on the asset, which is surprising considering the unfolding events.

Indeed, data from Coinglass netflows, which tracks spot market activity, revealed that traders resumed buying after 12 consecutive days of selling.

In total, they purchased over $81,000 worth of MOVE – An amount that could rise as sentiment improves.

In the Futures market, the trend seemed to align too. MOVE’s funding rate rose to 0.0048%, signaling bullish dominance. This rate indicated that long traders now controlled the market and may be paying a premium to maintain their positions.

If the funding rate continues to climb, it will likely attract more buyers and open the door to a broader market rally.

According to technical analysis from TradingView, MOVE could target the $0.30 zone in the near term.

At the time of writing, the token was trading within an ascending triangle pattern – A formation known to precede breakouts.

If MOVE breaks through its resistance level, its price could jump from $0.25 to $0.30.

And yet, the token may still consolidate within this structure before making a decisive move on the charts.

Finally, AMBCrypto used CoinMarketCap’s community voting feature to track sentiment and discovered a decline in bullish outlook among investors.

On 29 April, 82.5% of the asset holders viewed the asset as bullish. That number has since fallen to 77% - Indicating a 5.5% drop in investor confidence.

If community sentiment keeps falling, the token may reverse its recent gains and lose any upward momentum.