Jakarta, Pintu News – In the volatile world of cryptocurrencies, three US-made coins, namely Movement , Zebec Network (ZBCN), and UMA, caught the eye this week. Each of these coins experienced different dynamics, from recovery attempts, to dips after a sharp rise, to spikes due to strategic partnerships. Their rapid and significant price movements make these three coins worthy of further attention.
Movement (MOVE) has recently been in the spotlight after a major leadership upheaval and rebranding. After the abrupt dismissal of co-founder Rushi Manche and the controversy that came with it, Movement Labs transformed into Move Industries. Under the new leadership of Torab Torabi, the company promises to focus on community-led growth and rebuilding trust.
Despite a 26% decline in the last 30 days, MOVE is showing signs of short-term recovery with a 6.5% gain in the last 24 hours. MOVE’s technical condition shows the potential formation of a golden cross which could trigger a price increase.
If this momentum continues, MOVE could try to break the resistance levels at $0.162, $0.20, and possibly up to $0.249. However, if the uptrend does not materialize, the coin could return to the support level at $0.132, which emphasizes the importance of buyer interest to overcome the existing uncertainty.
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Zebec Network (ZBCN) recently experienced a dramatic rise of 126% in the last 30 days, but has now entered a correction phase with a 27.4% decline in the last seven days. This decline reflects waning momentum and profit-taking by traders. In the past week, ZBCN traded in a tight range between $0.0053 and $0.0040, showing high volatility.
If ZBCN is unable to defend the lower boundary of its range, there is a possibility that the coin will continue to decline towards $0.00335. Conversely, in the event of a bullish rebound, ZBCN could return to test resistance at $0.0053. If it manages to break the level, the coin has the potential to go up to $0.0071, which would signal a continuation of its long-term rally if the buyers’ momentum is strong again.
UMA came into the spotlight after the announcement of the partnership between Polymarket and Elon Musk’s X platform. As a protocol that supports Polymarket’s settlement layer, UMA is gaining a lot of attention from traders and speculators. While details of the partnership are still limited, the integration of Polymarket odds into posts and live broadcasts on the X platform is an important milestone that could increase the usage and visibility of UMA.
With the increased enthusiasm, UMA has surged 24% in the past 24 hours and 44.5% in the past week. If this momentum holds, UMA could test the resistance around $1.72 in the near term. However, if the bullish sentiment subsides, key support levels at $1.45 and $1.34 could come into focus. A break below these levels could lead UMA to face further declines, with potential targets at $1.14 and $1.04.
With fast and diverse dynamics, MOVE, ZBCN, and UMA offer significant opportunities and risks for investors and traders. Changes in leadership, price corrections after rallies, and strategic partnerships are factors that influence their price movements. Market participants should pay attention to technical indicators and the latest developments to make informed investment decisions.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.