Whale Buys 1,515 XAUT with 7.15M USDC

A major whale, identified as 0xAFa5, just deployed 7.15M USDC to acquire 1,515.5 XAUT at $4,720 per token, according to on-chain data from @lookonchain. This hefty purchase underscores growing institutional interest in gold-backed assets like XAUT, especially as Bitcoin (BTC) hovers in bullish territory, potentially driving XAUT price prediction models higher amid broader crypto whale activity and Bitcoin gold correlation trends over the past six months.

Zooming into the 4-hour chart, XAUT trades at $4716.5 within a clear bullish structure, where the golden cross on MACD at 33.89 confirms upward momentum as price pushes against the upper Bollinger Band resistance near $4789.24. With RSI at 68.13 edging toward overbought territory yet still neutral, confluence builds around the EMA200 at $4649.28 acting as robust support—expect a tactical pullback to test the EMA50 at $4636.48 before resuming the climb, mirroring patterns seen in Bitcoin rallies last quarter. Volatility remains contained inside the bands, with the lower support at $4493.51 offering a safety net for buyers eyeing further gains.