The post Whales Scoop Up TRUMP Crypto, but Signals Shows No Breakout Yet appeared on BitcoinEthereumNews.com.

Key Insights: A whale withdrew 200K TRUMP crypto from OKX after accumulating over $5.3M in tokens — but is still underwater. Price broke above a descending triangle, but the move lacks momentum and sits near resistance. Exchange netflows have turned positive, suggesting rising sell pressure, not fresh demand. The TRUMP price is showing signs of life, but it’s not out of danger yet. The official Trump token has bounced off support after a long downtrend, and one major whale just added more to their bag. But with tokens moving onto exchanges and momentum still weak, the crypto token’s price may be rising on shaky ground. TRUMP Crypto Price Breaks Out, but It’s Not a Clean Rally Yet TRUMP has broken out of a descending triangle on the 4-hour chart, a structure that usually signals weakness. But this time, the price moved above the upper trendline, triggering early bullish hopes. Still, the move hasn’t followed through with strength. Price is struggling around $8.50–$8.60, and resistance builds up around $8.85 to $9.06, as shown by the recent Fib levels. TRUMP price chart- Source: TradingView These levels are based on Fibonacci retracement, a tool crypto traders use to identify where the price might stall or bounce during a trend. It works by mapping percentage-based pullbacks from a major move; common zones include 0.382, 0.5, and 0.618, which often act as hidden support or resistance. In TRUMP’s case, the Fib levels align with overhead resistance, adding more weight to this range. If TRUMP loses current support, $8.16 is the next key level, and if that fails, the token could revisit its June lows near $5.75. Whales Are Active, but Their Crypto Holdings Are Still in the Red Onchain Lens data suggest that one large whale withdrew 200,000 TRUMP (~$1.7M) from OKX just before the…

---

Filed under: News - @ July 9, 2025 3:25 pm