Ethereum (ETH) Bulls Regain Strength as Buying Pressure Hits Monthly High

Coinbase announced that it is delisting MOVE, which subsequently plunged over 16%. The exchange did not describe any specific reasoning for this action, leading community speculation to flourish.

New evidence alleges that Movement Labs was directly or indirectly involved in a market maker dumping 66 million MOVE tokens. Coinbase may have lost confidence in the project between those rumors and a delayed airdrop.

Why Did Coinbase Delist MOVE?

Although Coinbase has the well-documented ability to boost certain cryptoassets by listing them, the reverse is apparently also true. The exchange will suspend all MOVE trading in exactly two weeks, immediately causing the asset to plummet.

In addition to this 16% price drop, MOVE’s daily trading volume surged 130%. This suggests that MOVE holders are selling their assets after Coinbase’s delisting announcement.

This is a serious blow to Movement Network’s credibility and reputation. The project showed significant potential and even outperformed Bitcoin and Ethereum during the Q1 2025 cycle. It also raised $100 million in VC funding earlier this year, backed by notable investors.

However, Coinbase’s delisting is not unfounded. Earlier today, Movement Labs announced that a planned airdrop was being delayed, helping spark frustration. That may have been the final straw for Coinbase, on top of pre-existing problems.

Specifically, Movement Labs claimed it would investigate an instance of potential fraud in mid-March. A market maker dumped 66 million MOVE tokens, triggering a sharp price drop.

New evidence has come to light, leading users to allege that Movement Labs was directly or indirectly complicit in these dealings. The company allegedly loaned 50% of MOVE’s supply to investment platform Web3Port, which proceeded to dump a large volume of tokens.

Based on these incidents, the community fears a repeat of MANTRA’s historic OM crash. Meanwhile, Movement Labs is backed by the Trump Family’s World Liberty Financial. The DeFi project holds more than 7 million MOVE tokens.

The post MOVE Crashes 16% After Coinbase Delisting – Here’s What Happened appeared first on BeInCrypto.

Hedera (HBAR) is showing mixed signals as it hovers at a key technical juncture. Its market cap is currently at $7 billion. Despite signs of growing momentum, trading volume has dropped 27% in the last 24 hours, now sitting at $104.29 million.

While indicators like the RSI and EMA lines hint at a potential bullish breakout, the BBTrend remains negative, suggesting that trend strength is still fragile. For now, HBAR’s price movement reflects a market in transition, caught between fading volatility and early signs of renewed interest.

HBAR Trend Weakness Eases, But Momentum Still Lacking

Hedera’s BBTrend indicator is currently at -3.53 and has remained in negative territory for nearly three consecutive days. Just yesterday, it hit a recent low of -5, signaling particularly weak trend strength during that period.

Although it has slightly recovered, the fact that BBTrend remains below zero indicates that momentum is still lacking, and the price action is showing limited direction or energy.

This prolonged dip suggests that HBAR may be stuck in a period of consolidation or at risk of entering a broader downtrend if no bullish momentum emerges.

BBTrend, or Bollinger Band Trend, measures the strength and volatility of a price trend by analyzing the expansion or contraction of Bollinger Bands.

Positive values typically suggest strong directional movement, while negative values point to weakening trends and reduced volatility. With BBTrend still sitting at -3.53, HBAR remains in a low-energy zone where neither buyers nor sellers are taking clear control.

Unless the indicator returns to positive territory, HBAR may continue to drift sideways or gradually decline, reflecting market indecision and a lack of strong conviction.

HBAR Builds Momentum as RSI Climbs

Hedera’s RSI (Relative Strength Index) is currently at 55.70, rising from 45 just two days ago. This upward move reflects increasing bullish momentum, showing that buying pressure has picked up after a short period of weakness.

While the RSI remains below overbought levels, the steady rise suggests growing interest in HBAR and a potential continuation of its current upward push, provided that momentum sustains.

For now, the price appears to be gaining strength without yet signaling overextension.

The RSI is a momentum oscillator that measures the speed and magnitude of recent price changes, typically on a scale from 0 to 100. Readings above 70 are generally considered overbought, while those below 30 are viewed as oversold.

With HBAR’s RSI now at 55.70, it sits comfortably in neutral-bullish territory, indicating room for further upside before reaching overheated conditions.

If this trend continues and RSI edges closer to 70, it could support a short-term rally—but also raise caution for potential exhaustion ahead.

Hedera Set for Bullish Crossover, But Risks Remain Below $0.153

Hedera’s EMA lines are currently showing signs of a potential golden cross forming, which could signal a shift toward a bullish trend. If this crossover happens and momentum strengthens, Hedera’s price may test the resistance at $0.178.

A breakout above that level could pave the way for a move toward $0.20. If the rally accelerates, prices could climb to $0.258, marking the first time HBAR trades above $0.25 since early March.

The upward slope in short-term EMAs reflects growing optimism, but confirmation will depend on volume and price action in the coming sessions.

However, downside risks still remain. If HBAR fails to hold the support level at $0.153, bearish pressure could drag the token down to $0.124.

While technicals are currently leaning bullish, the price remains at a crucial crossroads, with both breakout and breakdown scenarios in play. Until a clear direction emerges, traders should watch these key levels closely.

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