- TRUMP surged 11.64% to $16.85 after Upbit’s listing; holding above $16.91 could push prices toward $18-$20, confirming bullish momentum.
- Whales accumulated millions in TRUMP, indicating renewed interest; a breakout above $20 could confirm a short term trend reversal.
- Failure to stay above $16.91 may lead to a retest of $15.73; a drop below this level risks declines toward $14.50 and possibly $12-$13.
The Official Trump (TRUMP) token surged by 11.64% in 24 hours, rising from $14 to $16.85. The price increase came after Upbit announced plans to list TRUMP trading pairs against KRW, BTC, and USDT on February 13.
The listing introduced trading restrictions, affecting order execution. Buy orders face a 5 minute restriction after trading begins, while sell orders priced 10% lower than the previous day’s close will be delayed by 5 minutes. Additionally, all orders except limit orders are delayed for one hour.
Whale Activity Drives TRUMP Price Surge
Large transactions have contributed to TRUMP’s price movement. According to Whale Alert, 20 million TRUMP, valued at $341.92 million, was transferred from Binance to an unidentified wallet.
🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 20,000,000 #TRUMP (341,923,000 USD) transferred from #Binance to unknown new wallethttps://t.co/xndhZQlj0t
— Whale Alert (@whale_alert) February 13, 2025
This transaction suggests possible accumulation by a major holder. Onchain Lens also reported that a whale spent 9,350 SOL, valued at $1.82 million, to purchase 105,923 TRUMP at $16.50.
This investor previously made approximately $2 million from TRUMP and has re-entered the market. This is speculatively influenced by Upbit’s listing announcement. Such movements indicate renewed interest from large investors, potentially affecting TRUMP’s short term price trend.
In the past 30 mins, a whale has spent 9,350 $SOL worth $1.82M to buy 105,923 $TRUMP at a price of $16.50.
— Onchain Lens (@OnchainLens) February 13, 2025
The whale previously made ~$2M in $TRUMP and has re-entered $TRUMP due to #Upbit listing.
Address: EiiAnQsfcruxHFkDabAmH4gzqLUZoEVwRuqEFQGP11xw pic.twitter.com/RMrloCa8Zh
TRUMP Price Analysis and Key Levels to Watch
On a 3 hour timeframe, TRUMP is trading at $16.85 with a volume of 2.41 million TRUMP, showing moderate activity. Technical indicators show important price levels and possible trends.
The Bollinger Bands suggest a potential breakout as TRUMP is trading near the upper band at $16.91. The middle band, acting as immediate support, is at $15.73, while the lower band provides crucial support at $14.55. If TRUMP sustains above $16.91, further upward momentum is possible.
The MACD indicator shows the MACD line at 0.21 crossing above the signal line at -0.05, indicating a possible bullish reversal. However, the histogram remains negative at -0.26, suggesting that confirmation is still needed for sustained upward movement.
Potential Price Scenarios
TRUMP has been in a prolonged downtrend, falling from above $40 in late January to below $15 in February. However, the recent stabilization and breakout attempt indicate weakening selling pressure.
A bullish scenario could push TRUMP toward the $18-$20 range if the token holds above $16.91. Breaking above $20 would confirm a short term reversal, with further resistance around $24-$25.
However, failure to stay above $16.91 could lead to a retest of $15.73. A drop below this level could accelerate losses toward $14.50, with further downside risks targeting $12-$13. Sustaining above $18 is crucial for confirming an upward trend, while losing $15.73 may indicate further declines.
