- Whale’s $33.9M $TRUMP buy faces a $21M loss after an earlier $11.8M profit, highlighting crypto’s volatility.
- $TRUMP shows signs of recovery with strong demand in the OB zone, but risks remain if resistance fails to break.
- Traders eyeing $TRUMP must watch key resistance levels at $20.58, $21.26, and $22.64 for potential bullish momentum.
A whale who previously profited $11.8 million by trading $TRUMP tokens now faces a significant loss. After spending $33.9 million to acquire 766,083 $TRUMP at $44.25, this investor has lost $21 million. This massive loss erases the whale’s previous profits and over $9 million of their initial capital. The trade highlights the volatility of the $TRUMP token and the risks involved in large-scale crypto transactions.
Initially, the whale purchased 860,895 $TRUMP tokens at $13.94 for a total of $12 million. They later sold the tokens at $27.67, securing a substantial profit of $11.8 million. However, When the whale invested $33.9 million to reinvest in $TRUMP at a much higher price, the narrative took a turn for the worse. The whale now faces an enormous loss because the price spike was brief.
Technical Analysis of $TRUMP’s Recent Movements
The price action of $TRUMP indicates a shift in market sentiment. According to chart analysis, the prolonged correction may have ended, and the asset could be gearing up for an upward movement. Traders are closely monitoring the highlighted Order Block (OB) as the crucial zone for future price action.
The OB zone shows strong demand, preventing further decline. Following a rebound, $TRUMP reached $17,182 before showing signs of recovery. The resistance levels at $20,582, $21,260, and $22,644 are key targets for bullish traders. If $TRUMP manages to break through these levels, it could signal a trend reversal. Institutional buying activity at the OB zone strengthens the likelihood of a continued upward momentum.
Market Outlook and Potential Risks
Despite the optimism, there are risks to consider. If $TRUMP fails to maintain its position above the OB zone, bearish trends may resurface. A failure to breach resistance could lead to further declines. Hence, traders must remain cautious, especially with the unpredictable nature of the crypto market.
