The post Can TRUMP break KEY resistance after $31.45M token transfer to BitGo? appeared on BitcoinEthereumNews.com.

The Official Trump [TRUMP] team has transferred 9.089 million tokens, valued at $31.45 million, to BitGo. At press time, TRUMP was trading at $3.51, up 4.67% in the past 24 hours. This sizable allocation shift comes during a modest price rebound. Market participants immediately noticed the transaction due to its scale.  However, custody transfers do not automatically indicate selling activity. Instead, such moves often reflect treasury restructuring or strategic repositioning.  Meanwhile, the 4.67% daily surge highlighted renewed short-term demand. Traders now question whether this rally stems from organic accumulation or reactive positioning.  Therefore, the interaction between this custody shift and broader market structure may determine TRUMP’s next decisive move. Can TRUMP escape its descending channel? TRUMP continues to trade inside a long-term descending channel that has controlled the price since mid-2025.  The chart shows price stabilizing near the lower boundary of this structure. Horizontal support sits at $3.18, while resistance stands at $4.27 and $5.68.  Although buyers defended the lower region, the overall slope still trends downward. Therefore, bulls must reclaim $4.27 to challenge mid-channel resistance.  Without that reclaim, sellers retain structural dominance. Furthermore, repeated compressions near channel support often precede volatility expansions.  If price breaks below $3.18, downside pressure could accelerate toward the channel’s lower extension. However, sustained strength above $4.27 would weaken the broader bearish structure. Source: TradingView At press time, the RSI rebounded from near-oversold territory and hovered around 38. This recovery suggests buyers have started re-entering after aggressive selling pressure.  Earlier dips toward the 30 zone reflected exhaustion among sellers. Now, the indicator pushes upward but remains below the neutral 50 level.  This positioning shows momentum recovery without full bullish confirmation. However, previous RSI rebounds inside this channel triggered short-term relief rallies.  Therefore, traders may interpret the current move as early stabilization rather than a confirmed…

---

Filed under: News - @ February 19, 2026 2:25 am