The recent sale of 743,947 TRUMP tokens at 10.66 USD has triggered an 8% price decline, leading to heightened selling pressure in the market. This sale indicates the whale’s struggles, accumulating 15.7 million USD in losses, resulting in fear and prompting further selling among other investors.
Technical metrics reveal a bearish trend for TRUMP. The price now faces resistance at 9.56 USD and a breakdown below 10.23 USD may lead to further losses. A recovery above 11.20 USD is necessary to reverse current downtrends, while continued selling pressure keeps uncertainty in the market.
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