TRUMP whale sells at a loss after 8% price fall – What’s next?
The post TRUMP whale sells at a loss after 8% price fall – What’s next? appeared on BitcoinEthereumNews.com.
A whale sold 743,947 TRUMP worth $7.92M at $10.66 – Taking another $3.3M loss on TRUMP Altcoin’s price fell by 8% as a triangle pattern broke and sellers gained more momentum A whale is in the news today after it made a massive transaction, selling 743k TRUMP tokens for $7.92 million at $10.66. According to LookOnChain’s analysis, this resulted in a loss of $3.3 million. The whale completed its third unsuccessful sale, thus accumulating $15.7M in losses since buying tokens for profit at first. Needless to say, these losses were a product of not just other sales in the memecoin’s market, but also market-wide price declines triggered by volatility. Source: Lookonchain The sale of TRUMP tokens by this particular holder triggered fear, especially among secondary holders who sold more tokens that intensified the market fall. Market recovery, together with the entry of new investors, could stabilize the price of TRUMP, allowing for potential price recovery. However, the price drop could intensify if whales keep exiting the market and scare away minor investors. TRUMP’s price performance and forecast A 8% decline was seen on TRUMP/USDT’s charts when it penetrated through its ascending triangle support level which showed higher selling activities. The price position of $10.23 highlighted bearish continuation because the breakdown happened on the charts. The price could find resistance at $9.56, with the same corresponding to a previous level of support. The MACD histogram demonstrated worsening negative momentum as the MACD line at -0.24 was below the Signal line located at -0.09. This confirmed an ongoing bear market trend. The RSI value of 29.26 reached the oversold zone, suggesting potential stabilization if sellers cannot keep their dominance. Additionally, the structure break at $11.20 canceled out all previous ascent attempts, resulting in downward momentum. Source: TradingView A price failure at $10.23…
Filed under: News - @ March 29, 2025 6:19 am