A digital currency whale recently sold 743,000 TRUMP tokens for $7.92 million at $10.66 per token, resulting in a $3.3 million loss, according to LookOnChain analysis. This third unsuccessful sale brought the total losses to $15.7 million for the whale. The continuous selling of TRUMP tokens by this major holder has heightened investor fears, leading to more sales and market decline. If the market revives and new investors enter, the token price will stabilize. However, ongoing whale exits could cause further declines. Technical analysis shows a bearish trend as the TRUMP/USDT pair broke through an 8% support level, indicating increased selling pressure. The MACD indicator turned more negative, confirming a downward trend. The Relative Strength Index (RSI) reached an oversold level of 29.26, suggesting price stabilization with decreased selling pressure. Currently, TRUMP is priced at $10.19, with potential support at $9.56. Breaking below this level increases the likelihood of a breakdown. On the other hand, surpassing $10.80 opens up targets at $11.20 and $12.50. Trading volume analysis reveals Binance leading with $70.63 million, followed by Bybit with $43.1 million, OKX with $27.09 million, Coinbase with $11.05 million, and Kraken with $5.08 million. Stay updated on real-time digital currency prices on the digital currencies live price page.
