The cryptocurrency market has once again turned its spotlight onto TRUMP, as this coin managed to power through key resistance levels and sustain a notable surge, thanks largely to strong whale-activity and bullish momentum.
Surge in Price Momentum
TRUMP has continued its upward trajectory, trading around USD 8.32 at the time of this report. This marks a roughly 16% gain from the previous day.
Such a move signals more than a momentary blip: the market seems to be aligning to support further upside.
On-Chain & Derivatives Metrics Flash Green
According to data from CryptoQuant and Coinglass, several key indicators are indicating bullish conditions for TRUMP:
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Large accumulations by whales in both spot and futures markets suggest strong conviction among big players.
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The funding rate (OI-weighted) has flipped into positive territory (~0.0053%), meaning long positions are paying shorts; historically, this kind of shift has often paved the way for further gains.
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Technical indicators: The RSI is approximately 61 (>50 neutral threshold), and the MACD shows a bullish crossover. These metrics point to increasing momentum rather than a tired tail end of a rally.
Technical Analysis and Price Targets
TRUMP recently found support at the 50-day exponential moving average (~USD 7.30), then broke above a prior downtrend line.
If TRUMP closes above the 61.8% Fibonacci retracement level at ~USD 7.95, the next target zone is around USD 11.92, which corresponds to the high on July 21.
Of course, should a pullback occur, watching the ~$7.30 region is prudent, as it may serve as a retest area before further upside.
What This Means & What to Watch
The convergence of whale buying, positive funding, and technical breakout signals suggests that TRUMP may be entering a meaningful uptrend phase.
However:
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The cryptocurrency market remains volatile and influenced by broader macro-and-regulatory factors.
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A sustained move beyond USD 11.92 would further validate the bullish scenario; failure to hold ~$7.30 as support could invalidate it.
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Always consider risk management and avoid over-concentration in a single asset.
Final Thoughts
TRUMP’s current behaviour presents a compelling case for momentum-traders and those monitoring whale flows and derivatives positioning. The question now is whether this surge can mature into a sustained trend. If the support and technical breakouts hold, the USD 11.92 target comes into clearer view. But as always in crypto: stay alert, stay nimble.
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