TRUMPUSDT recently saw its first major token unlock in six months, which flooded the market with fresh supply. The 90 million TRUMP tokens unlocked today are much smaller than the previous unlock in January, yet they still increased liquidity significantly.However, the lack of response to the unlock, despite the substantial capital entering the market, further indicates a cooling of investor enthusiasm around the meme coin
TRUMPUSDT price rose by 5% today, trading at $10.39 at the time of writing. It briefly surged by 10% during the intraday high, but the rally was short-lived, and the price retraced. If
TRUMPUSDT fails to breach the $10.97 resistance level again, the coin could face potential corrections to $9.63, making recovery difficult. The token will need strong demand to push past this resistance and secure more gains.However, should
TRUMPUSDT capitalize on broader market bullish momentum, it could break past $10.97 and reach $11.00. This would likely invalidate the current bearish outlook and provide an opportunity for a further rise to $12.18. 
Aaryamann Shrivastava | On-Chain Analyst
BeInCrypto - beincrypto.com/author/aaryamann-shrivastava/
BeInCrypto - beincrypto.com/author/aaryamann-shrivastava/
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Aaryamann Shrivastava | On-Chain Analyst
BeInCrypto - beincrypto.com/author/aaryamann-shrivastava/
BeInCrypto - beincrypto.com/author/aaryamann-shrivastava/
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.