Movement Labs Token Unlock Feb 9 Outlook

With the upcoming token unlock in less than ~23hrs, on Feb 9th, I expect increased trading activity in the MOVEUSDC markets. Will this bring a big selloff and drop in price? The chart might say otherwise. After taking some time in a downtrend, things may be signaling a reversal just in time for the token unlock.

Movement Labs will unlock 50M MOVEUSDC tokens on February 9th UTC, approximately 2.22% of the currently circulating supply.

Total Unlock Progress: 23%
tokenomist.ai/movement

After Next Unlock --> 25.22%

META project funding alert! A very positive indicator.

Move is a safe and secure programming language designed by Facebook for smart contracts that emphasize ownership and safety. Assets in Move are represented as resources. Owing to Move's strong ownership model and explicit resource abilities, Move simplifies the development of safe smart contracts for common blockchain tasks such as transferring ownership of assets, minting, and destroying.

Dive in!

docs.movementnetwork.xyz

Look for Tenkan Sen upward cross on 15m chart in the next 24hrs to signal upward reversal. Have fun and good luck trading with MOVE!