15 million dollar transfer of Trump’s whale; The risk of the price falling below 4.8 dollars?
From a technical analysis perspective, Trump recely tried to break through the descending channel, but the $5.20-$5.25 range acted as active resistance and the price returned to around $5; The level that now acts as a short-term pivot for the price.
Despite the weak market structure, buy orders coinue to attract sell flow, but without price expansion, this behavior indicates reactive rather than confidence-based demand.
Indicators and positioning of traders also indicate a cautious desire to buy, while the accumulation of liquidity in higher ranges increases the possibility of extreme fluctuations.
Overall, Trump remains under short-term bearish pressure unless buyers can break through $5.20 with strong resistance.
