META's tokenized stock is trading just under the $594.39 resistance level, a point traders are watching closely. Whale positioning sits at 66% long, and aggressive taker buying has been showing up in the order flow. The question now is whether buyers can push through the level and trigger a run toward $605.
Whale positioning and taker flow
Large holders have kept their bets tilted heavily to the upside. The 66% long reading among whales points to confidence that the recent push isn't done. At the same time, taker buying has been aggressive, meaning market participants are lifting offers rather than waiting for pullbacks.
That combination — heavy whale longs plus active taker demand — often sets up a test of overhead supply. But resistance levels exist for a reason, and $594.39 has held so far.
The technical trigger to watch
For the bullish case to strengthen, the price needs a clean break above the 50-period simple moving average, which sits near $60 (likely $600 on the chart). A close above that would open the door to the $605 target projected for the week.
Until that happens, the move remains capped. A failure here could lead to a quick fade, especially if the long positioning gets crowded.
What happens next
The next few sessions will tell whether the resistance breaks or holds. Traders are watching for a sustained close above the SMA 50 to confirm momentum. If that comes, the $605 level becomes the immediate upside goal. If not, the long-heavy positioning could unwind just as fast as it built up.
