The RSI is above 50, and the MACD is positive, showing a bullish trend.
While the indicators reached these values previously (black circle), this did not happen simultaneously with a TRUMP price breakout.
So, the daily time frame suggests the TRUMP price will increase toward $10.50.
TRUMP’s Token Unlock
Temujin Louie, the CEO of Wanchain, states that TRUMP’s unlock schedule is inferior to that of other memecoins. Only 10% of the supply was allocated to the public on release, while the TRUMP team holds almost 90%.
The entire 40 million unlock on April 18 belongs to the Trump team. Louie believes the unlock will further depress the memecoins’ already low value.
Louie sees no apparent reason for TRUMP’s launch except the blatant cash grab. However, Louie says the TRUMP team will not immediately sell its holdings, crashing the price completely.
That said, the TRUMP team is unlikely to dump everything at once. Instead, they may obfuscate liquidations via World Liberty Financial. Alternatively, the newly unlocked tokens may stay dormant, serving only as a distraction. After this unlock, an additional 493,000 TRUMP tokens will be released daily until the next major unlock in July.”
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.
Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.
He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.
Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.
He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.
