Movement (MOVE) Coin Price Surges 12% Amid Rumors of Elon Musk's DOGE Team Considering MOVE Blockchain Adoption

The price of Movement (MOVE) has surged by over 12% in the last 24 hours thanks to several positive developments that could lead to a further rise

The price of Movement (MOVE) has surged by over 12% in the last 24 hours thanks to several positive developments that could lead to a further rise in the MOVE coin price in the coming weeks.

Reports suggest that the Donald Trump-owned crypto project World Liberty Financial (WLFI) has purchased another $1.88 million worth of Movement coins. Lookonchain revealed that the project bought 2.4 million units of $MOVE. They also bought 3,191 Ether, worth roughly $10 million.

At the same time, interesting rumors are circulating that the Department of Government Efficiency (DOGE), led by Elon Musk, is considering using blockchain technology to make government operations more efficient and reduce costs.

Although there are no official details about which blockchain platform the new American government department will utilize, many in the crypto community believe they might choose the MOVE blockchain. This platform allows developers to create secure, efficient, and compatible blockchain applications.

MOVE Coin Price Set to Reach $2

Several bullish narratives surround Movement (MOVE) in the past few days. Coinpedia, a crypto price analysis platform, points out that $MOVE’s price has risen after its acquisition by WLFI and talks with Elon Musk’s DOGE team.

$MOVE has shown a strong reaction following its acquisition by WLFI and ongoing discussions with Musk's #DOGE team.

— better prices (@coinpedia) January 29, 2025

At the time of the tweet, the MOVE token was $0.8117, a 12.56% increase after bouncing back from a crucial support level of $0.63.

Analysts believe that investor confidence has grown due to the acquisition rumors and possible new partnerships, leading to more market activity.

A technical chart included in the report shows that $MOVE has broken out of a downward trend, which is a positive sign for future gains. With increasing momentum, Coinpedia is watching for the next resistance level at $2, which could mean a potential 150% rise from the current price.

Movement Mainnet Launch on the Horizon

Coinpedia is not the only group of analysts expecting a rise in the price of the MOVE coin. Analysts from Crypto Winkle also predict that the price of $MOVE will increase, but they have a different target price.

Crypto Winkle observed that $MOVE has risen after breaking through a key price level, with the analysts setting the next target at $1.45, its previous all-time high. The trading volume for this token has jumped by 239%, showing strong market activity in the last 24 hours. The upcoming launch of the network’s mainnet in February is one of the factors causing this rise, per Crypto Winkle.

$MOVE is breaking out—Price Discovery next!

After a confirmed breakout, ATH at $1.45 is the next target.

Strong volume (+239%) signals momentum is building.

Why @movementlabsxyz is surging?

– Trump buys $MOVE for the World Liberty Fund

– Elon in talks to use MOVE blockchain… pic.twitter.com/x9ElAqiGZK

On January 28, 2025, the Movement Network Foundation announced the Developer Phase of its Public Mainnet, which builds on the initial release in December. This new phase, set to launch in February, will introduce Cornucopia, a program to improve DeFi applications and make the market more efficient.

Additionally, Crypto Winkle shared a chart that shows a breakout from a downward trend, suggesting a potential upward movement in price. With no major obstacles ahead, the analysts expect a prolonged price increase as $MOVE enters a new price discovery phase.

Movement (MOVE) market sentiment remains positive, fueled by speculation about high-profile endorsements and upcoming developments.

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