Official Trump [TRUMP] fell 2.6% over the past 24 hours, bringing its market cap to $477 million. Daily trading volume dropped 32% to $271 million.
Even so, liquidity remained healthy. The volume-to-market cap ratio stood at 56.88%.
Last week’s breakout sparked bullish momentum, but the recent pullback exposed lingering weakness. This left traders focused on whether the breakout structure could survive the correction.
TRUMP price prediction: Will the $1.80 breakout level hold?
After breaking out of a descending channel, TRUMP rallied to $2.40 before entering a correction phase.
Before the breakout, the price consolidated near the channel’s upper boundary. That suggested sellers were gradually losing control.
The pullback remained in play at press time. If TRUMP held above $2, it could consolidate before attempting another move higher.
However, a break below that level could send the token toward $1.80, where the breakout originally occurred.
The Relative Strength Index (RSI) also retested the neutral zone after moving above it. At 51, the indicator reflected mild retracement rather than strong selling pressure.
Even during the pullback, buyers remained active. However, momentum appeared limited.
The MACD histogram stayed green, although the bars had begun fading. Meanwhile, the signal line continued pointing upward, hinting at possible continuation.
If support held, TRUMP could target the $2.60-$3 range, followed by the $3.50-$4 zone. Otherwise, the price could slide back into its previous channel.
Why is TRUMP correcting?
The ongoing pullback was not driven by technical factors alone.
Profit-taking after last week’s 25% rally likely added pressure. Broader risk-off sentiment across the crypto market may also have weighed on demand.
On top of that, traders faced an upcoming token unlock.
Around 6.3 million TRUMP tokens worth $13.8 million are scheduled for release next week. That represents roughly 0.63% of the circulating supply.
Daily releases of about $1.87 million, or 0.09% of supply, are also expected. Such events often increase short-term selling pressure.
Are whales buying the dip?
Having said that, some large holders appeared to be accumulating during the pullback.
According to Onchain Lens, a whale withdrew 1.5 million TRUMP tokens worth $3.16 million from Binance. The largest single transfer involved 600,000 TRUMP tokens valued at roughly $1.27 million.
The tokens were moved to newly created wallets outside exchanges. Such transfers are often associated with accumulation rather than immediate selling.
That accumulation could provide support if buying demand continues. Even so, bulls would still need to defend key levels to prevent a deeper correction.
Final Summary
- TRUMP memecoin declined 2.6% over the past 24 hours as it moved deeper into a post-breakout correction.
- Profit-taking and upcoming token unlocks added selling pressure. However, whale accumulation suggested some investors were positioning for a potential rebound.
