Key Insights :
- $TRUMP token unlock could influence the market price drastically.
- A negative funding rate may lead to a short squeeze.
- Watch for breakouts above resistance levels for bullish price action.
TRUMP price recently gained momentum, and market dynamics are expected to change significantly. The upcoming unlock of 40 million TRUMP tokens on April 18, 2025, is highly anticipated.
This event is expected to impact the token’s price significantly. Charts on the other side also show the meme coin could be gearing up for a significant price move.
TRUMP Price Trends and Market Behavior
As of press time, TRUMP price was trading at $8.32, a 3.27% decrease during the last 24 hours. The market cap was 1.66 billion, and the 24-hour trading volume of 467.59 million has increased by 16.21%. Higher trading volumes indicated the token’s growing popularity.
The price of $TRUMP has been gradually decreasing, albeit at $8.30 and $8.60 over the past few days. Price has been in a consolidation phase for some time.
It is now fluctuating and is waiting for further developments, such as the token unlock. The token’s price could be set to make a significant movement due to the upcoming unlock. Insiders may sell it after holding it for at least one year.
When more traders take short than long positions, they are betting on a rise in the token’s price. This causes a negative funding rate. The selling pressure on the unlocked tokens will influence the TRUMP price.
Alternatively, buying pressure from a short squeeze could drive the next move. A negative funding rate in the market means the market is already ready to sell at a price drop. Any positive momentum could bring about an abrupt shift in sentiment.
Key Market Event: TRUMP Token Unlock on April 18th
Forty million TRUMP tokens, worth around $348 million, will be released on April 18th, 2025. In the current market structure of $TRUMP, this release is substantial. It represents 20% of the token’s total market capitalization.
They are expected to be sold on the market, which could put downward pressure on the price. This is often a trend in cryptocurrency. However, for mainly meme coins, the sentiment in the market can swing very quickly.
Such unlocks usually lead to a sell-off from miners, as early investors and insiders take their profits. However, this may not be true for $TRUMP, as other market factors might complicate the TRUMP price dynamics.
TRUMP Price Prediction: Next Resistance at $8.6
According to the recent price behaviour, $7.50 could be a support area for further dips to test the lower levels. However, if the short squeeze happens and the price rises, the next resistance would be in the $8.60 to $8.80 range.
Other charts show the formation of an ascending triangle pattern. The market could turn bullish if prices manage to breach the resistance at $8.60.
Breaking and holding above this level may result in a price going towards $9.00 or higher. However, this depends on the continued momentum.
$TRUMP, like other meme coins, often reacts strongly to market sentiment and external influences. Factors such as social media trends, investor behavior, and overall market liquidity play a significant role in shaping its price movements.
Additionally, the connection to Donald Trump can influence more interest owing to political power. The $TRUMP token holds significant importance in the current market. This is especially true with the upcoming token unlock approaching.
The immediate effect can be a TRUMP price drop due to selling pressure. However, a negative funding rate in the market means the price will surge higher in a short squeeze. The key price levels at $8.00, $8.60, and $9.00 will dictate the midterm trend of $TRUMP.