TRUMP price aims to retest $5 | Credit: Hameem Sarwar
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Key Takeaways
TRUMP memecoin surged 28% amid a significant spike in large-wallet accumulation.
It appears that whales are positioning ahead of the exclusive crypto on April 25.
TRUMP successfully broke out of a descending channel after defending the $2.99 support.
The Official Trump (TRUMP) memecoin price has increased by 28% in the last 24 hours.
This development comes amid a notable spike in large-wallet accumulation, and the timing of that whale activity is telling a story that goes well beyond the immediate price action.
Here is the full breakdown of what is happening, why the whales are buying, and why the TRUMP price could retest $5.
TRUMP Price Breaks Out
TRUMP memecoin’s latest rally did not emerge from a vacuum. At the time of writing, the token has been building a base of improving technical structure over recent weeks, with buying interest gradually accumulating beneath the surface.
On the 4-hour chart, TRUMP’s price has exploded off a key support level, after bouncing from the green support zone near $2.99.
The move broke above the descending channel’s upper trendline and cleared the $3.47 horizontal resistance in a single candle.
Meanwhile, all three major indicators confirm the move. The Bollinger Bands (BB) show price piercing through the upper band — a momentum burst signal.
Besides that, the Chaikin Money Flow (CMF) at 0.19 is its highest positive reading since early February, confirming inflows.
Also, Holders Sentiment has spiked to 9.57, flipping from the negative region.
Should this trend persist, TRUMP’s price could rise past the resistance near $3.88. Once that happens, the next point of interest could be near $4.50.
Smart Money Buy More Ahead of April Event
Meanwhile, the surge itself reflects a convergence of renewed retail interest in politically themed crypto assets and the more deliberate accumulation behaviour of whale-tier wallets that had been positioning ahead of the move.
Crucially, the whale accumulation has not stopped with the price move. According to Glassnode, large wallets are continuing to add to positions at elevated levels.
If sustained, this buying pressure could drive TRUMP’s price higher.
Besides that, the Most Exclusive Crypto and Business Conference, to be held at Mar-a-Lago on April 25, also appears to have played a role in the surge.
For context, the event is strictly limited to just 297 attendees. Historically, top holders of the TRUMP token have been prioritized for invitations to these gala luncheons and conferences with the President.
This year, there is a chance that a similar thing might happen. Also, the last time this happened, TRUMP’s price rallied by 70%.
The RSI Divergence Indicator tells the full story. As seen below, four consecutive Bull divergence signals were printed between December and February.
Every prior Bull signal on this chart preceded a meaningful recovery. The fourth signal, printed near the February lows, set up today’s explosive move.
In addition, the MACD line (0.04) has crossed above the signal (-0.14) — a fresh bullish crossover with histograms turning green for the first time since October.
The signal line remains deeply negative at -0.19, meaning the crossover is early and the macro trend is still recovering, but the direction has shifted.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
