‘Crypto Week’ meets TRUMP’s 40mln unlock – Possible 80% upside IF…
The post ‘Crypto Week’ meets TRUMP’s 40mln unlock – Possible 80% upside IF… appeared on BitcoinEthereumNews.com. Key Takeaways TRUMP’s 40 million token unlock mirrors April’s breakout setup, which triggered an 80% weekly rally off cycle lows. With two catalysts fueling momentum, is a $17 breakout next? Token unlocks are a double-edged sword in the crypto market. And Official Trump [TRUMP] is a case in point. Even with solid tokenomics on paper, the memecoin has been stuck in a sideways chop for over two months, repeatedly failing to break above the $14 ceiling. In such a climate, the addition of another 40 million TRUMP tokens might appear to threaten the $9 support level. But this time, according to AMBCrypto, the move appears far more strategic than random. Calculated timing, measured flows Zoom in on TRUMP’s daily chart, and mid-April stands out like a rocket launch. The token bounced from its Q1 bottom at $7 and ripped nearly 80% in a week, closing at $16.44, marking its strongest move in months. Since then, though, it’s been a slow bleed. Three lower lows, no clean support flips, reinforcing a classic bearish structure. But zoom in closer, and things get interesting. That same 80% rally? It happened right as 40 million tokens were unlocked on the 18th of April. Instead of a dump, TRUMP pumped, logging a 7.96% daily gain the next day, registering its biggest candle that month. Source: TradingView (TRUMP/USDT) Fast-forward to now, and the setup feels oddly familiar. Back in April, Bitcoin [BTC] broke above $86k, and that breakout sparked a capital rotation into risk-on plays like TRUMP. This time, BTC’s range-bound, but memecoins are heating up again, with a 4% jump in total market cap, still holding firm above $60 billion. So, can TRUMP tap into that momentum again, and is the $10 breakout finally within striking distance? Two catalysts fuel the case for a TRUMP…
The post ‘Crypto Week’ meets TRUMP’s 40mln unlock – Possible 80% upside IF… appeared on BitcoinEthereumNews.com.
Key Takeaways TRUMP’s 40 million token unlock mirrors April’s breakout setup, which triggered an 80% weekly rally off cycle lows. With two catalysts fueling momentum, is a $17 breakout next? Token unlocks are a double-edged sword in the crypto market. And Official Trump [TRUMP] is a case in point. Even with solid tokenomics on paper, the memecoin has been stuck in a sideways chop for over two months, repeatedly failing to break above the $14 ceiling. In such a climate, the addition of another 40 million TRUMP tokens might appear to threaten the $9 support level. But this time, according to AMBCrypto, the move appears far more strategic than random. Calculated timing, measured flows Zoom in on TRUMP’s daily chart, and mid-April stands out like a rocket launch. The token bounced from its Q1 bottom at $7 and ripped nearly 80% in a week, closing at $16.44, marking its strongest move in months. Since then, though, it’s been a slow bleed. Three lower lows, no clean support flips, reinforcing a classic bearish structure. But zoom in closer, and things get interesting. That same 80% rally? It happened right as 40 million tokens were unlocked on the 18th of April. Instead of a dump, TRUMP pumped, logging a 7.96% daily gain the next day, registering its biggest candle that month. Source: TradingView (TRUMP/USDT) Fast-forward to now, and the setup feels oddly familiar. Back in April, Bitcoin [BTC] broke above $86k, and that breakout sparked a capital rotation into risk-on plays like TRUMP. This time, BTC’s range-bound, but memecoins are heating up again, with a 4% jump in total market cap, still holding firm above $60 billion. So, can TRUMP tap into that momentum again, and is the $10 breakout finally within striking distance? Two catalysts fuel the case for a TRUMP…
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