The MOVE token delisting from Coinbase, announced for May 15, 2025, caused the token’s price to plummet over 20%. Coinbase’s decision to suspend trading on Coinbase.com, Coinbase Exchange, and Coinbase Prime followed a routine compliance review. The news sparked a surge in trading activity, with implications for the token’s short-term outlook.
MOVE Token Delisting Impact
Post-announcement, MOVE’s 24-hour trading volume soared 93% to $213.01 million, reflecting heightened market reaction. The token, trading at $0.1973, is testing support at $0.208, with a potential drop to the $0.200 psychological level if bearish pressure persists. The Coinbase crypto news significantly impacted investor sentiment, driving the sharp decline.
Technical Indicators
The MACD indicator shows early bullish signals, with the MACD line crossing above the signal line. However, conflicting price movements weaken this signal’s reliability. The RSI, at 30.3, indicates MOVE is nearing oversold territory, suggesting a possible short-term rebound if crypto trading volume supports it. These MACD RSI signals highlight mixed market dynamics.
Market Context
The delisting aligns with broader crypto market consolidation, as macroeconomic factors like a stronger U.S. dollar pressure risk assets. Despite the drop, MOVE’s surging volume and oversold RSI suggest potential for a recovery if bullish catalysts emerge. Investors are closely monitoring the $0.200 level for signs of stabilization.
