Top 3 altcoins are being sold off by Smart Money wallets in March

Smart Money wallets have been actively selling off TRUMP, BNKR, and PWEASE over the past seven days, raising concerns about the prospects of these tokens. TRUMP is under the most significant selling pressure with a net outflow of over 380,000 USD, amidst prices still mired in a downward trend.

TRUMP

TRUMP continues to face significant selling pressure, maintaining trading below $18 for the past 30 days and dropping nearly 43% in the same period.

This sharp decline coincides with intense selling pressure from Smart Money wallets. In the last seven days, large investors have sold 382,660 USD TRUMP but only bought 1,240 USD, resulting in a net outflow of 381,420 USD.

This imbalance shows that large, well-informed investors are losing confidence in the short-term prospects of TRUMP, contributing to the downward pressure.

Price analysis TRUMP | Source: TradingViewIf this correction trend continues, TRUMP may continue to decline sharply and retest the important support level at $9.54. Losing this level could expose it to further weakness.

On the contrary, if the reversal is successful and the upward momentum is restored, TRUMP could retest the resistance level at $12.51. Crossing this threshold could open up the opportunity to rise to $13.88, and if buying pressure continues to strengthen, TRUMP could recover to the $17.75 area, approaching the price level before the sharp decline.

BankrCoin (BNKR)

BNKR has recorded a 19% increase in the past week, becoming one of the best-performing AI coins and attracting special attention on the Base chain.

Despite the sharp price increase, the Smart Money wallets tend to take profits. In the past seven days, they have bought 75,700 USD of BNKR but sold 213,730 USD, creating a net outflow of 138,000 USD.

This shows that, although BNKR is attracting attention, large investors seem to be taking advantage of this price increase to exit positions and preserve profits.

Price analysis for BNKR | Source: TradingViewIf selling pressure persists, BNKR could lose upward momentum and drop below the key support levels at 0.00019 USD or even 0.00018 USD, marking the lowest point since mid-February.

However, if BNKR can reactivate the optimistic sentiment that has driven the previous uptrend, this token may retest the resistance level at 0.000225 USD.

If it exceeds this threshold, BNKR could continue to aim for the 0.000282 USD mark, reinforcing the medium-term uptrend.

PWEASE

PWEASE, a meme coin on the Solana platform mocking US Vice President JD Vance, is attracting attention in the context of strong market fluctuations.

Data from Smart Money wallets shows pessimistic sentiment. Over the past seven days, they have bought 166,720 USD PWEASE but at the same time sold 291,000 USD, resulting in a net outflow of 124,320 USD.

This reflects a trend of reducing the level of holdings by large investors, putting significant selling pressure on this token.

Price analysis of PWEASE | Source: TradingViewIf the correction trend continues, PWEASE could drop to test the important support level at 0.0125 USD. Without holding this level, the token risks falling further to 0.0059 USD.

On the contrary, if PWEASE attracts buying interest and reverses the downtrend, the token may rise to test the resistance level at 0.0295 USD.

If it breaks this level, PWEASE could potentially extend its upward momentum to $0.040, signaling a strong recovery of this meme coin.

Disclaimer: The article is for informational purposes only, not investment advice. Investors should thoroughly research before making a decision. We are not responsible for your investment decisions

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