The post TRUMP faces $23.18 mln supply shock: Will price break down under pressure? appeared on BitcoinEthereumNews.com.

TRUMP has seen 6.97M tokens worth $23.18M moved to BitGo custody, signaling possible exchange inflows ahead.  This transfer reflects a familiar pattern where custody movements often precede deposits into centralized exchanges, which could introduce fresh sell-side pressure into an already weak structure.  However, broader market behavior shows that exchange supply has remained relatively constrained, creating a conflicting setup.  This contrast between potential incoming liquidity and recent holding behavior sets the stage for a critical shift, as TRUMP now trades within a fragile structure that may struggle to absorb sudden supply expansion. TRUMP struggles to break past $4.274 resistance Price action continues to reflect weakness as TRUMP trades below the $4.274 level, which has repeatedly capped recovery attempts.  After rejecting near $4.274, price has continued forming lower highs, reinforcing a broader downtrend that began from the $5.684 region.  The recent bounce from $2.894 failed to sustain strength, leading to another consolidation phase beneath resistance.  The RSI at press time fluctuated at around 41.23, showing a mild recovery but failing to establish sustained strength above the midline.  This behavior aligned with price hesitation, as buyers attempted to regain control but fail to generate enough strength to reclaim higher resistance zones. However, this recovery lacks follow-through as the indicator struggles to remain above the midline. Such behavior often reflects indecision, where buyers step in but fail to maintain control.  Source: TradingView Outflows persist despite bearish price structure Spot netflows remained negative at -$586.40K, indicating that tokens continued leaving exchanges rather than entering them.  This pattern reflects reduced immediate sell pressure, as fewer tokens remain readily available for trading on exchanges. However, this tightening supply has not translated into price strength, suggesting that demand remains weak.  The ongoing outflows show that holders prefer to move assets off exchanges, yet buyers have not stepped in aggressively…

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Filed under: News - @ March 27, 2026 5:28 am