A whale accumulated 22 million TRUMP tokens worth approximately $36.51 million after moving his assets from Binance to a newly created wallet.
The transaction immediately caught the market’s attention because it eliminated a significant amount of supply from a major exchange.
A lot transfers often reflected long-term positioning rather than immediate selling intentions. But one transfer alone did not confirm the trend reversal.
Instead, it emphasized the growing confidence of a major shareholder. Official Trump (TRUMP) It is trading near a major support zone.
Foreign exchange outflows continued to reduce selling pressure
Spot foreign exchange flows also supported the accumulation narrative in the last trading session.
TRUMP recorded a net outflow of $1.71 million; This shows that more tokens left the exchanges than entered the exchanges.
This pattern showed that owners preferred to keep assets themselves rather than prepare them for sale.
As a result, despite the recent price weakness, selling pressure remained limited.
But foreign exchange outflows alone did not guarantee a reversal of the upward trend because demand still had to absorb existing supply.
If withdrawals continue along with new buying interest, TRUMP could create a stronger basis for higher prices.
Can TRUMP defend the critical $1.56 support?
TRUMP continued to defend the $1.56 support zone after rejecting lower prices several times throughout June.
Buyers have repeatedly stepped near this level, preventing sellers from extending the broader downtrend. The latest daily candle also closed around $1.65, showing that demand remains active above support despite repeated selling attempts.
Despite this, the asset is still trading below key resistance levels at $2.22 and $3.00, keeping the overall trend under pressure.
As a result, the price remained stuck in a well-defined range rather than confirming the recovery.
TRUMP’s technical structure also remained fragile despite the support. The daily chart showed the RSI at 38.51 while its moving average was at 43.45, indicating that the buying momentum has not yet fully recovered.
Although the indicator remained below the neutral 50 level, it remained comfortably above the oversold zone, leaving room for movement in either direction.
If buyers maintain control above $1.56, TRUMP may attempt another move towards initial resistance before targeting higher levels.
Short liquidity above $1.70 attracts attention
The latest Liquidation Heatmap showed dense clusters of short liquidity between $1.70 and $1.74.
These positions represented the nearest upside target should buyers push TRUMP above current prices.
Meanwhile, underlying liquidity appeared relatively weak after recent declines cleared out nearby leveraged positions.
This imbalance has brought attention to the overall cluster as a rally in this area could force short sellers to close positions.
Such liquidations could accelerate buying momentum in the short term.
But buyers needed to defend the $1.56 support before challenging higher liquidity zones.
If the support holds, TRUMP could expand into the $1.70 to $1.74 range and trigger a broader short squeeze.
Final Summary
- The move of 22 million TRUMP tokens from Binance immediately reduced the available exchange supply and signaled a longer-term doom.
- TRUMP repeatedly defended the $1.56 level, but it still traded below the $2.22 and $3.00 resistance zones.
