Crypto
TRUMP Team's $26.65M Binance Transfer Sparks Bearish Momentum
The TRUMP team made a significant transaction yesterday, shifting 11.01 million tokens valued at $26.65 million.
A portion of this amount, specifically 2 million tokens worth $4.78 million, was routed into Binance after multiple hops.
The current price action on the 4h chart shows TRUMP trading at $2.27 within its Bollinger Bands, with upper resistance at $2.75 and lower support at $2.17.
The EMA50 is acting as immediate resistance at $2.4, while the EMA200 provides longer-term support at $1.98.
A MACD death cross indicates bearish momentum, and the RSI is currently at 40.56, leaving room for further downside before oversold conditions emerge.