- TRUMP token surged 12% to $11.66 after absorbing a major unlock, eyeing $30 in the short term.
- Technicals show TRUMP above EMA55, targeting a breakout toward $100 long-term if resistance at EMA89 is cleared.
A 12% increase in the price of TRUMP in 24 hours brought the token to $11.66—a move that immediately caught the market’s attention. On July 18th, the market was flooded with 90 million TRUMP tokens worth approximately $878 million due to a token unlock that accounted for 45% of the total supply.
But instead of crashing, the price held steady around $10 before skyrocketing. This situation indicated that selling pressure was starting to weaken, or at least being absorbed by strong demand.
At about the same time, news emerged that Trump’s investments in crypto projects now accounted for approximately 20% of his total net worth of over $5 billion. This information further strengthened the token’s position as a proxy for Trump’s political popularity. The effect? The market became more confident in entering.
TRUMP Eyes Breakout as Smart Money and Indicators Align
Crypto analyst Master Ananda, in a post on TradingView, stated that TRUMP was now facing the “final barrier,” a strong resistance level that, if broken, would pave the way for a new surge. He pointed to the EMA indicator as an important indicator.
Currently, the price of TRUMP is above the 55 EMA (magenta line) but still slightly below the 89 EMA (blue line). Although it appears to be a mixed trend between an uptrend and a downtrend, Master Ananda emphasized that the higher low formation on April 7 and June 22 actually indicates a solid bullish structure.
“The price fell, but it couldn’t go lower than April. This means many people are rushing to buy. This isn’t ordinary retail; this is smart money,” he said.
Looking at momentum indicators, the Relative Strength Index (RSI14) is currently at 68.65—still with room to rise before entering the overbought zone. Furthermore, the MACD indicator is also showing positive signals. The histogram has turned green (+0.197), and the price has broken through previous resistance at $11. This means there is strong potential for further upside.
Big Players Move In as Price Eyes the Next Milestone Levels
On the other hand, institutions appear to have already established their positions. GD Culture Group has reportedly purchased $300 million worth of TRUMP reserves in May. In stark contrast, the developer team’s wallet sold $46.97 million worth of tokens last June. This clearly indicates that a significant party sees TRUMP’s long-term potential as more than just a passing fad.
Besides that, CNF recently reported that Justin Sun planned to purchase up to $100 million in TRUMP tokens. The Tron founder is known as a staunch supporter of Trump and the MAGA movement.
Furthermore, in early June, World Liberty Financial also announced a major, long-term commitment to acquire this token. Gradually, support from institutions and prominent figures continues to strengthen TRUMP’s position amidst the fierce competition among memecoins.
Now the question is, after $11.66, where is the price headed? Master Ananda is quite optimistic. He mentioned the next two targets—$30 in the short term, and $100 in the long term—as levels that “will be touched.”
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