$MOVE Long Liquidation: $4.1667K at $0.6141
$MOVE /USDT is in a sharp decline, falling -6.8% to hit $0.5720, triggering a significant long liquidation of $4.1667K at $0.6141. The bulls, who were once in control, are now trapped as the price sharply reverses, wiping out long positions that were hoping for further gains. After briefly reaching $0.6500, the price faced a strong rejection, sending the market tumbling lower.
As liquidation pressure mounts, bears are beginning to seize the opportunity, and the price could soon test crucial support levels at $0.55 or even lower. With the momentum now firmly in favor of the bears, the possibility of a deeper retracement to $0.50 or $0.45 is on the table.
The volatility is high, and the market is shifting rapidly. Can the bulls recover and reclaim control, or will the bears continue their dominance? The next few hours could prove pivotal.