The Official Trump (TRUMP) token is coming under renewed selling pressure as a large scheduled unlock looms — and market signals suggest the event could weigh on price. What’s happening - Crypto researcher Wu Blockchain flagged on X that 6.33 million TRUMP tokens — about 2.72% of the circulating supply — are set to unlock. At current prices that equals roughly $21.58 million entering the market. - Token unlocks release previously locked supply and often create short-term selling pressure as holders realize gains or rebalance positions. Price and volume snapshot (Feb. 16) - TRUMP fell about 1% during the session and was trading near $3.48 after an intraday high of $3.57. - Trading activity surged: volume jumped 65% to $155.45 million, suggesting traders are actively positioning around the event. Technical picture - On the 4-hour chart TRUMP has been trading inside a parallel channel since Feb. 15. Each of the last three touches of the channel’s upper boundary preceded sharp declines. - The critical resistance sits near $3.62. If TRUMP fails to break and close a 4-hour candle above that level, analysts see room for a roughly 12% pullback toward about $3.08. - The Average Directional Index (ADX) is at 24.17 — just below the 25 threshold typically used to confirm a strong trend — signaling weak directional momentum at present. Derivatives and flows — bearish tilt - CoinGlass data shows traders have concentrated leveraged exposure around two key levels: roughly $3.43 on the downside and $3.64 on the upside. Open interest skews toward shorts, with approximately $3.34 million in short leveraged positions versus $1.54 million in long leveraged positions. - Spot flows show about $2.42 million worth of TRUMP moved into exchanges in the past 24 hours, a common precursor to selling pressure. What to watch - Short-term bearish case: the token unlock, heavy short leverage, rising exchange inflows and the channel resistance all point toward downside risk. Failure to clear $3.62 could open the path to ~ $3.08. - Bullish escape hatch: a decisive breakout and a 4-hour close above $3.62 would weaken the bearish thesis and could flip momentum. Bottom line The impending 6.33M-token unlock is a meaningful catalyst for TRUMP, and current on-chain, derivatives and technical indicators lean bearish. Traders should monitor the $3.62 resistance, exchange inflows and leveraged position shifts for signs the market is changing course. Disclaimer: This article is informational and not investment advice. Cryptocurrency trading is high-risk — do your own research before making decisions. © 2026 AMBCrypto Read more AI-generated news on: undefined/news