$22 mln TRUMP lands in hot wallet – The memecoin could crash to $8 unless…

• A massive $ 2,500,000 Trump tokens worth around $ 22.49 million was transferred from Binance’s Cold Wallet to a hot wallet.
• Trump Price still drops in a wedge and MacD shows that bears are under control because volume and oi are dropping.

Large transfer by 2.5 million Trump [TRUMP] The tokens worth 22.49 million were transferred from the cold wallet to the hot wallet.

Of course, there was speculation about incoming pressure on the side of the sale. Historically, such movements acted as preliminary liquidation events, because hot wallets are often used to carry out the exchange side.

He wasn’t a one -time shuffle.

In the last few months, larger groups have also been 5 million and even 20 million Trump have changed internally, which could signal the active liquidity management process.

Although it may not be found to be sold, but the recent development of investors makes them careful. Regarding the event of these chips that went to the open market, this can lead to short -term volatility.

How low can Trump MEMECOIN FALL?

The price action on the 4H graph showed that Trump locked in a falling wedge, which is usually if it is confirmed by a pattern of conversion of the bull.

But for $ 8.95, Trump was still close to the resistance of the wedge. Previous prices have been rejected several times, tried to reach $ 9.20 and were supported at $ 8.40.

The MacD lines moved under the zero line with a bear crossover. This showed that the sellers dominated. If the bears enforce the price below $ 8.40, it is likely that the price can return to $ 8.

However, once the price increases above $ 9.20, a repeated test of $ 10.40 can be expected to the top of the wedge. The creation of tightening included the compression of volatility, which means that it could blow out later.

MacD histograms failed and supported strong bear efforts.

However, Trump’s reversal must be a net break and repetition of the resistance zone $ 9.20. Until now, pressure on the wedge structure prevailed.

Volume, Oi decreases as long disposal develops

Since the end of May, open interest and volume have been constantly decreasing, indicating a decline in the trader’s belief.

In parallel, the growth of Trump long disposal indicated that the bulls were erased out, confirming the decreasing dynamics on the purchase side.

The Coinglass disposal chart showed a string of long compression bars, reflecting the increased exits driven by loss. And while the small volume peaks brought a relief assembly, they could not generate permanent upside down.

With reduced placement and no influx of new participants, Trump faced a liquidity crisis. The bears held the reins in what looked like a thinning market.