- Token hit a market capitalization of $1 billion within its first hour of launch
- TRUMP could enter a brief accumulation phase before a confined move to the upside
At its peak, TRUMP rallied by 6,695%, pushing its market cap to $12.52 billion on the charts. However, AMBCrypto’s analysis revealed that the token may soon see a short-term pullback or consolidation, before resuming its upward trajectory.
Consolidation ahead for TRUMP
TRUMP has seen a series of successive rallies with minimal retracement – A move that defies typical market behavior.
On the charts, TRUMP seemed to be facing a potential drop from its press time price level as it struggled to break through the resistance at $13.83. This pullback could lead to a period of consolidation as the token stabilizes around lower levels.
If a drop occurs, the Fibonacci retracement levels highlighted several potential support zones which could act as springboards for a price rebound.
Source: Dexscreener
Most notably, the $10.035-level, marked in green on the chart, stands out as a key support zone. This level, representing a 50% retracement from its press time levels, could play a major role in determining TRUMP’s next move.
This downward trend appears likely, especially as trading volume declined steadily—From a peak of $76.982 million to its press time value of $27.354 million—indicating fading momentum behind the recent rally.
After a period of decline and consolidation, during which buyers can be expected to re-enter the market, TRUMP could resume its upward trajectory. This can help the token hit new highs.
Golden cross backed by buyers
At the time of writing, the Bull Bear Power (BBP)—an indicator used to assess the strength of buyers (bulls) versus sellers (bears)—revealed that there are more buyers than sellers in the market.
With a press time reading of 1.00 and the BBP line trending upwards, the data suggested that whale buying activity has been outweighing selling pressure in the current market.
Source: Dexscreener
At the same time, the Moving Average Convergence and Divergence (MACD) indicator formed a golden cross, accompanied by growing histogram bars in the positive zone.
A golden cross occurs when the blue MACD line moves above the orange Signal line. For TRUMP, the blue line was at 2.0269, while the orange line was at 1.7597. This indicated that the ongoing price rally is being supported by ongoing buying activity.
Whale maintains holdings
Lookonchain reported that an address purchased 5.97 million TRUMP tokens for $1.1 million within the early hours of the coin’s launch, subsequently making over $70 million in gains.
Source: X
Since then, the holder has sold only 1.35 million TRUMP, valued at $3.65 million, retaining a profit of approximately $67.5 million.
Such whale activity—opting to hold rather than sell— is a sign of strong conviction in the asset’s potential. Such behavior also suggested that TRUMP could see further price hikes in the coming trading days, provided the fundamentals supporting the token remain intact.
