Whales dump 13.17 million XAUT! Is there a secret behind the $30 fluctuations? Shen Wansan takes you through the life-and-death battle!
News
Two mysterious whales have recently cumulatively sold XAUT tokens worth $13.17 million, incurring losses exceeding $1.7 million! It’s important to note that XAUT, being a stablecoin pegged to gold, should exhibit minimal fluctuations. However, the whales' loss sales reveal two major signals: first, institutional investors lack confidence in the market outlook, and second, short-term selling pressure may trigger a chain reaction.
Current XAUT price is $4499, right in the fluctuation period after the whale dump. Both bullish and bearish sides are engaging in fierce battles within the 4520-4580 range. This "institutional retreat battle" may determine the fate of ordinary players!
Technical analysis
The current price of XAUT is 4499 USD, sitting in the "death zone" between the strong support at 4422 and the key level at 4580. It has attempted to break 4520 three times today without success, indicating heavy selling pressure above, but the support level at 4422 is only 77 USD away from the current price, forming a "top above and bottom below" oscillation pattern.
Technical indicators show that if the price cannot break through 4580, it may retrace to the 4422 support or fall below it; if it stabilizes in this "range oscillation" market, it is a key period for both bulls and bears to accumulate strength!
Operation suggestions
Players holding XAUT listen up! Now is not the time to cut losses, but a moment to "buckle up": set a stop loss at 4520 and take profit between 4380-4400.
Personal opinion
This wave of fluctuations will definitely not be just 30-50 USD! Although the whale selling is fierce, the market has digested some of the negative news, and it is currently the "darkness before dawn". If the bulls can hold the 4422 support, along with the stabilization of gold prices, XAUT could very well see a retaliatory rebound; if the bears take advantage and break through 4422, it may trigger a stop-loss cascade.
But for the specific timing and levels, I share in the village—follow Shen Wansan, and I will share half of my profits with you! Shen Wansan makes 10 times the profits every day! Come to the village to take it away!