3rd Consecutive Loss: Whale Dumps 743K TRUMP Tokens, Loses $15.7M!

A whale recently made headlines after selling 743,000 TRUMP tokens for $7.92 million or $10.66 per token. Unfortunately, this transaction resulted in a staggering loss of $3.3 million. This marks the whale’s third consecutive unsuccessful sale, pushing its total losses to a whopping $15.7 million. 

The initial purchases were meant for profit, but continued market fluctuations and price declines have severely impacted returns. The broader market’s volatility has played a significant role in these losses, leading to questions about TRUMP’s future price stability. While a recovery is possible, continued whale exits could scare away smaller investors, further intensifying the price drop.

TRUMP’s Price Performance and Bearish Momentum

TRUMP/USDT recently saw an 8% decline after breaking below its ascending triangle support level, indicating strong selling pressure. The token’s price position at $10.23 suggests a bearish continuation, with the next resistance level likely at $9.56. This level previously acted as a support zone, making it a crucial point for future price action.

Technical indicators also confirm the ongoing downtrend. The MACD histogram shows diminishing negative momentum as the MACD line at -0.24 is below the Signal line at -0.09. In the meantime, the RSI has dropped to 29.26, already in the oversold territory. This is an indication that although a quick price stabilization will be possible, sellers are still in command in the market.

Additionally, a structural breakdown at $11.20 has erased any prior bullish attempts, reinforcing the downward trajectory. If TRUMP fails to hold above $10.23, further downside could push it towards the $9.56 demand zone. However, if the price breaks past $10.80, it could challenge the $11.20 resistance, potentially leading to a test of $12.50.

Market Sentiment and Spot Trading Volumes

Spot inflows and outflows across major exchanges highlight mixed market sentiment regarding TRUMP. Binance leads trading activity with $70.63 million in volume and a positive net inflow of $148.45K over a 12-hour period. Bybit follows with $43.1 million, while OKX, Coinbase, and Kraken have volumes of $27.09 million, $11.05 million, and $5.08 million, respectively.

However, negative inflows on several exchanges suggest a decline in demand. Coinbase and Kraken both recorded -$1.53 million in net outflows, while OKX saw -$3.85 million and Bybit reported -$1.04 million. Despite Binance showing strength, draining liquidity from other exchanges could lead to increased selling pressure and further price instability.

Potential Price Scenarios: Recovery or Further Decline?

The price movement of TRUMP remains uncertain, subject to vital support and resistance levels. If the token falls below $10.23, further losses could occur, hence intensifying the bearish pressure. On the other hand, if it moves above $11.20, it might face sellers and lead to a potential rebound. Much of this depends on whether buyers regain control at higher price levels.

Investors Face Uncertain Market Conditions

With large whale losses, increased volatility, and mixed exchange flows, TRUMP investors face a difficult decision. While price stability may return if inflows increase, sustained selling pressure could push prices further down. As market participants monitor the situation, all eyes will be on whether TRUMP can recover or if more whales will continue to exit, triggering additional losses.

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