$14.8M whale activity puts pressure on TRUMP’s price, but is $4.80 next?
The post $14.8M whale activity puts pressure on TRUMP’s price, but is $4.80 next? appeared on BitcoinEthereumNews.com.
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. Source: Lookonchain 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. Source: TradingView 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…
Filed under: News - @ December 26, 2025 8:18 pm