TRUMP faces crucial test! – A move to $10 will depend on…

Key Points

1. A major whale accumulated 625,765 TRUMP tokens worth $5.33 million over 40 days but recently withdrew $1.7 million from OKX, facing nearly $1 million in unrealized losses.

2. TRUMP recorded $1.67 million in net inflows across major exchanges, a shift from previous neutral-to-negative netflows, indicating potential selling intent or short-term reaction.

3. TRUMP's price stabilized near $8.66, with resistance levels at $10.12, $13.06, and $14.35, while the MACD hinted at a potential bullish crossover.

4. Open Interest rose 5.79% to $376.78 million, and volume increased 3.51% to $348.79 million, suggesting growing participation but no clear directional confidence.

5. Short liquidations between $8.80 and $9.00 could trigger a bullish breakout, but weak support around $8.30 poses a risk if the price falls below this level.