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In the past seven days, significant sell-offs have been observed in certain altcoins among smart money wallets, raising concerns about the future trajectory of these trending tokens. Among them, TRUMP has experienced the most substantial pressure, with net outflows surpassing $380,000. The token's price has remained locked in a pronounced downtrend, with its value declining significantly over the last month.
TRUMP has faced continuous selling pressure, trading below $18 for the past thirty days. Over this period, the token's price has dropped by almost 43%. This sharp correction aligns with notable activity from key wallets, which have been aggressively liquidating their positions. In just the last week, smart money wallets disposed of $382,660 worth of TRUMP, compared to only $1,240 in purchases, leading to a stark net outflow of $381,420.
This discrepancy indicates that larger, more sophisticated investors are losing faith in TRUMP's short-term prospects, fueling the downward momentum. Should this corrective trend persist, TRUMP might descend further, potentially retesting its next critical support level at $9.54. Failure to maintain this level could expose the asset to deeper losses. Conversely, if TRUMP can reverse its current bearish trend and regain bullish momentum, it may attempt to break through resistance at $12.51. A successful breakout above this level could pave the way for an advance toward $13.88. If buying pressure intensifies further, TRUMP could rally back up to $17.75, reclaiming levels close to those prior to the recent downturn.
BNKR, despite witnessing a 19% surge over the past week, has also seen large traders liquidating their holdings, suggesting potential profit-taking. This token has positioned itself as one of the top-performing AI coins and a prominent asset on the Base chain. The recent rally has garnered considerable attention, enabling BNKR to stand out in a crowded market. Nevertheless, smart money wallets have exhibited mixed behavior. While they acquired $75,700 worth of BNKR in the last seven days, they simultaneously offloaded $213,730, resulting in a net outflow of $138,000.
This indicates that although BNKR is experiencing positive momentum, larger investors might be leveraging the recent rally to secure profits. Continued selling pressure could cause BNKR to lose its recent momentum and dip below crucial support levels at $0.00019 or even $0.00018, marking its lowest levels since mid-February. On the flip side, if BNKR can reignite the bullish sentiment that drove last week's gains, it may retest resistance at $0.000225. Breaking above this level could set the stage for a further move toward $0.000282, indicating a robust continuation of its upward trend.
PWEASE, a Solana-based meme coin satirizing US Vice President JD Vance, has garnered attention amidst volatile market conditions. Over the past week, smart money wallets have displayed a bearish inclination. These wallets bought $166,720 worth of PWEASE but sold $291,000 during the same timeframe, resulting in a net outflow of $124,320. This suggests that while the token has attracted some interest, larger investors are inclined toward reducing their exposure, adding selling pressure to the coin.
If this corrective trend persists, PWEASE could decline further, testing the key support level at $0.0125. If this level does not hold, a deeper drop toward $0.0059 might ensue. Alternatively, if PWEASE can attract renewed buying interest and reverse the downtrend, it could attempt to challenge resistance at $0.0295. A breakout above this level could open the door for additional gains toward $0.040, signaling a possible shift back to bullish momentum for the meme coin.
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