Key Insights
- TRUMP Meme Coin exchanged hands at $13 after a 4.07% drop in the recent pullback.
- Whale dumps TRUMP at a loss, goes All-In on LAUNCHCOIN meme coin.
- Retail is increasing interest in Long positions across dozens of altcoins, which could trigger a new wave of market volatility.
Official Trump Coin (TRUMP) saw a small decline in the last 24 hours as of press time, offering an opportunity to go long during this pullback. Besides, many anticipate that this buying opportunity could push the price higher in the coming days.
So, here we explore the token’s recent price action and what it might mean for its future direction.
TRUMP Meme Coin Price Analysis
TRUMP Coin traded at $13.21 after losing 4% in a day, exhibiting caution about an important resistance level between $14.00 and $16.00.
The last surge stopped right at this upper supply zone, at the price level where a strong decline began earlier.
There was a clear Change of Character (CHoCH) and Break of Structure (BOS) discernible on the near $13.80 and $11.20, respectively. This was a confirmation of the change in momentum and upcoming volatility.
Backed up by equal lows (EQL) and former BOS zones, it was a strong place of defense, on which support lay close to $10.00.
A crash below $10.00 may encourage the price to enter the $8.00 demand zone.
TRUMP price chart | Source: Trading View Nonetheless, if bulls hold $12.50–$13.00 and push above $14.00, TRUMP Coin could return to the highs of $15.90 –$16.00 with high volume.
The CHoCH and BOS patterns pointed to structural shifts. Price could contract between $12.80 and $14.20 before making another directional move.
A clean reclaim at $14.20 may experience some momentum buying, while failure may see the price head back to retest the $11.00 levels.
In total, the market structure implied that TRUMP was in the reactive mode with bullish breakout and bearish rejection as both possible results.
Whale Dumps TRUMP Coin for This Crypto
Meanwhile, one of the biggest TRUMP Meme Coin whales liquidated 341,783 TRUMP at $4.39 million with an absolute loss of $446,000, Lookonchain data showed.
While the hit was steep, the move brought short-term uncertainty to the TRUMP market. The sell-off may represent weakening whale conviction or shifts in the market away from election-linked tokens.
Whale selling TRUMP | Source: EyeOnChain This sizable dump could depress sentiment in TRUMP if other big exit volumes materialize, but the market reaction to it was varied. Besides, speculations are also soaring as the Trump meme coin dinner nears, which has fueled discussions over its potential impact on the token’s price.
Rather than fleeing, the whale made a risky decision by purchasing 9.37 million LAUNCHCOIN for 8,908 SOL, or $1.59 million.
This all-in move was a clear message that the whale believed in the meme-driven hype around LAUNCHCOIN, receiving more attention.
Whale buying LAUNCHCOIN | Source: EyeOnChain Depending on the market and traders’ sentiment, this pivot could translate into a huge upside while risks also remain over further losses.
All eyes looked at LAUNCHCOIN’s next steps, with the whale’s daring switch defining the speculative action of the memecoin.
Retailers Increase Interest in Long Positions
However, there was an apparent spike in Retail Long/Short Ratio, and most altcoins – including TRUMP – had high retail long exposure.
Ratios fluctuated between 1.5 and 3.5 for numerous tokens, as per the heat map change.
The fact that TRUMP Coin was part of this indicated that retail traders were massively long. This meant it would be vulnerable if sentiment reversed or if market-makers took advantage of over-leveraged entries.
BTC v all cryptos retail long/short ratio | Source: Alphractal This increased long bias may serve short-term upside to those who were long for TRUMP, assuming momentum would be maintained.
But, overly-crowded long trades could frequently lead to liquidations and corrections, particularly if resistance levels stopped the price moves. On the other hand, the recent movement by the Trump team have further sparked speculations among traders.
Although such a paradigm change indicated the emerging interest and optimism of traders, it also indicated the necessity for being cautious.
Altcoins may go up on retail frenzy but the market makers are usually against running with the herd.
TRUMP and like tokens may be subject to severe retreats in the absence of backing by volume and additional market endorsement.
