$14.8M whale activity puts pressure on TRUMP’s price, but is $4.80 next?
A whale deposited 3 million TRUMP tokens (worth $14.88M) into Binance, realizing a loss of $7.8M. This signaled capitulation rather than profit-taking. Despite the sell pressure, TRUMP's price held above $4.80, indicating market absorption of the selling flow.
The price broke above a descending channel but failed to sustain above the $5.20–$5.25 resistance zone, which was retested and rejected. It now hovers near $5, with downside risk toward $4.80. The RSI at 46 confirms weak bullish momentum but no panic selling.
Buyer-dominant spot CVD suggests ongoing demand, though it appears reactive rather than conviction-driven, failing to push prices higher. Trader positioning shows a slight long bias (56.87% long vs. 43.13% short) but lacks strong conviction, indicating cautious sentiment.
Liquidity clusters above $5.10–$5.20 may attract short-term upward probes, but failure to break higher could lead to a drop toward the $4.80 liquidity zone. Overall, TRUMP remains structurally weak with near-term downside pressure likely, as buyers lack momentum to drive a significant recovery.
ambcrypto12/26 20:16
