Cryptocurrency
$14.8M whale activity puts pressure on TRUMP’s price, but is $4.80 next? – Crypto News
A whale is in the news today after it deposited 3 million TRUMP tokens, worth $14.88 million, into Binance after holding for roughly 50 days. The address initially withdrew the same tokens for $22.68 million. By making this deposit, it locked in a realized loss of approximately $7.8 million.
This transfer signals capitulation, rather than profit-taking. Especially since the exit occurred far below the original entry price.
As far as the altcoin is concerned, however, the price did not collapse sharply following the same. In fact, it held on above $4.80 – A sign that the market absorbsed a portion of the sell-side flow.
What this suggested is that while this event increased short-term supply risk, it did not independently force a breakdown.
Breakout fades as resistance caps upside
TRUMP’s price broke above the descending channel, but failed to sustain acceptance above the former upper boundary near $5.20–$5.25. The price retested this zone and faced immediate rejection, confirming it as active resistance rather than reclaimed support.
Consequently, the price rolled back towards $5 – A level which now acts as a short-term pivot.
Below this level, downside risk opens towards $4.80, where prior reaction lows and liquidity pockets sit.
At the time of writing, the RSI had a reading of 46 – Well below the neutral 50-mark. This reading confirmed weak bullish momentum, despite the breakout attempt. However, the RSI was still well above the oversold threshold near 30. This hinted at controlled selling, rather than panic-driven exits.
To put it simply, the price action hinted at a failed continuation move, not trend reversal. Bulls must reclaim $5.20 with momentum to invalidate downside pressure.
Buyers still absorb despite weak structure
Spot taker CVD over the 90-day window seemed to be buyer-dominant – A sign that market buy orders may be outweighing sell orders, despite recent rejections. This divergence matters because buyers continue to step in even as structure weakens.
However, the price has failed to expand higher. This might allude to absorption, rather than aggressive demand. Therefore, buyers may be reactive, not conviction-driven. Such a behavior often emerges during consolidation phases, rather than trend reversals.
As long as the CVD stays positive without price expansion, demand will offset selling while failing to flip momentum.
Source: CryptoQuant
Are traders really confident long?
Binance’s top trader positioning revealed 56.87% long accounts versus 43.13% short accounts, producing a long/short ratio near 1.32 on the four-hour timeframe.
This skew reflected a long bias, but not aggressive conviction. Moreover, the ratio usually fluctuates quickly, underlining active position management rather than firm directional commitment.
Therefore, traders might be leaning long cautiously, while keeping risk tight. Shorts have also failed to dominate so far, keeping the price compressed.
Such a balance increases sensitivity to liquidity-driven moves. Consequently, the positioning might be supporting volatility risk, rather than trend clarity.
Source: CoinGlass
Liquidity clusters warn of sharp moves
The 24-hour liquidation heatmap highlighted dense liquidation clusters above the price between $5.10 and $5.20, while thinner liquidity lay below near $4.80.
This distribution increases the probability of sharp moves towards overhead liquidity. Moreover, clustered stops often attract short-term price probes during low-conviction phases.
Therefore, TRUMP’s price may gravitate upwards to test overhead liquidity before choosing direction. However, failure to clear that zone would raise downside risk towards lower liquidity pockets.
Source: CoinGlass
In conclusion, TRUMP’s price remains vulnerable after failing to reclaim $5.20, with the structure favoring further downside pressure.
Although buyers continue to absorb sell orders, demand hasn’t been generating any upside expansion so far.
Final Thoughts
- Failure to reclaim overhead resistance keeps TRUMP structurally weak, with price action favoring continuation rather than recovery in the near term.
- Although buyers continue to absorb sell-side flow, their activity lacks momentum.
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