TRUMP Token Team Sells 1.1 Million Tokens at $2.68
The TRUMP token team has made another significant move in the market, selling 1.1 million tokens at an average price of $2.68. This sale comes after a prior transfer of 3.837 million tokens worth $9.33 million to OKX.
The team's address sold these tokens through one-sided liquidity addition, converting them into 2.94 million USDC. The current price action for TRUMP token is at $2.53, within the Bollinger Bands with an upper resistance of $3.13 and lower support at $1.43.
The technical analysis suggests a bullish structure as the price holds above EMA50 at $1.95 and EMA200 at $1.65. Additionally, the MACD has registered a golden cross at 0.26, indicating a potential upward trend. However, the RSI at 59.57 shows neutral momentum, suggesting room for continuation toward the upper band before any pullback to the 50-EMA confluence zone.