Whales Show Confidence in TRUMP Token on OKX Despite Bearish Signals
A notable whale transaction involving the TRUMP token has captured market attention, with 200,000 units withdrawn from OKX following cumulative purchases exceeding $5.3 million. Despite this display of confidence, the investor remains underwater on their position. Technical analysis indicates a tentative breakout from a descending triangle pattern on the 4-hour chart, typically a bearish signal, with immediate resistance levels now in focus. This activity underscores the dynamic and speculative nature of cryptocurrency markets, where large-scale moves can signal both opportunity and risk.
Whales Accumulate TRUMP Crypto Amid Lackluster Breakout Signals
A significant whale transaction has drawn attention to the TRUMP token, with 200,000 units withdrawn from OKX after cumulative purchases exceeding $5.3 million. Despite this show of confidence, the investor remains underwater on their position.
Technical analysis reveals a tentative breakout from a descending triangle pattern on the 4-hour chart, typically a bearish formation. The token now faces immediate resistance between $8.85-$9.06, with Fibonacci retracement levels suggesting potential pressure points. Exchange netflows turning positive indicate growing sell pressure rather than new demand, casting doubt on the sustainability of the current price movement.
Circle and OKX Partner to Expand USDC Adoption in Global Crypto Payments
Circle, the issuer of USDC, has forged a strategic partnership with OKX to accelerate the stablecoin's integration across the exchange's platform. The collaboration aims to enhance USDC accessibility for OKX's 60 million users, particularly in regions with limited banking infrastructure.
The deal will embed Circle's cross-chain protocol into OKX's ecosystem, enabling seamless transfers of USDC across Ethereum, Solana, and Avalanche. This MOVE addresses growing demand for dollar-pegged digital assets in markets facing economic instability or currency restrictions.
