Whale Pulls $TRUMP Worth $10.78 Million, Price Will Drop to $8.20?

A new TRUMP wallet created recently transferred 1 million TRUMP tokens worth 10.78 million dollars from the Binance platform, indicating that funds are flowing from whales. What Does Whale Withdrawal Mean? The MemeCore_ORG wallet has withdrawn 17.8 million dollars worth of 1.39 million TRUMP into several large wallets over the past two weeks. The withdrawal amount includes 363K TRUMP (, 4.46 million dollars ) and 269K TRUMP (, 3.56 million dollars ). The wallet opens new positions at a level of 12.82 dollars, with an unrealized loss of 2.8 million dollars. The new wallet withdrawing 900,000 TRUMP before withdrawing 100,000 TRUMP has raised questions about its future intentions as a long-term investor or a power miner.

The adoption of support from whales deciding to maintain their positions can bring positive momentum, attracting new investors to participate. The addition of sell orders signals distribution that can drive the price down. Previous massive withdrawals often occurred before price increases, but the latest withdrawals from MemeCore indicate that such strategies do not always yield quick profits. It is necessary to observe carefully to determine whether the historical price fluctuations will continue or will go in a different direction. Price Action Analysis of $TRUMP The TRUMP/USDT 2-hour chart has a swing long entry zone of $8.20-$8.35, which is the most important zone. The $8.20-$8.35 zone provides strong historical support with the Point of Control (POC) at $8.36. The price of TRUMP coin is trending to trade at around $10.45 after struggling to maintain its position above the key resistance level of $11.00. The moving price is around $8.75, having broken the previous record, which could create a bullish trend as traders will begin to buy in with the expectation of support within that range. The continuous drop in price to the range of 8.20–8.35 dollars could trigger a strong bullish rally, potentially leading to price tests at 9.48 dollars, 9.97 dollars, and possibly 11.00 dollars.

If it cannot surpass the threshold of 8.20 dollars, the price of the TRUMP coin may drop to 8.00 dollars and further, which will challenge the bullish outlook. Market accumulation or strong defensive actions from the buying side seem likely to occur from the peak of the volume profile at $8.36. Prices are declining with less confidence, indicating a potential consolidation before continuing to go down. Overall, $8.75 and $8.20–$8.35 remain key thresholds. The resistance or support level of this area serves as an important reference point for the potential extension or continuation of the trend after a bounce or failure. Traders should observe large volume activity at each price level to support their trading decisions. Analysis of Long/Short of $TRUMP The Long/Short ratio of TRUMPcoin is 1.058 while long positions account for 51.41% and short positions account for 48.59% of the investment fund. The ratio of Long/Short positions (Account) is recorded at 2.55, indicating that 71.82% of accounts hold long positions compared to 28.18% short positions. The imbalanced position allocation indicates that individual traders often maintain long positions even though the sizes of both positions remain balanced. The dominance of long positions can trigger an upward trend when demand in the market increases.

The position ratio indicates upcoming price fluctuations as the impact of short sellers on liquidation activities in the market may increase such volatility. The presence of many long positions can create downward pressure if the upward momentum turns negative. The optimistic trend of the retail market has become noticeable but does not guarantee that the future direction will align with the data. The buying power could trigger a market recovery for the TRUMP coin if their position can maintain the support level. However, the market may experience a sudden increase in downward volatility if sentiment changes and liquidity dries up.