TRUMP's sideways movement hides danger, a turning point is about to explode!

Today's TRUMP market is making people drowsy, with prices repeatedly rubbing against each other since the morning, with a fluctuation of less than 3%. The Bollinger Bands have narrowed to almost stick together, and the MACD lines are flat on the zero axis, with bars shrinking to the size of sesame seeds. It is clear that both bulls and bears are playing dead. This 'ECG' trend is either the calm before the storm or the dogs are holding back their big move — the longer it sideways, the harder the explosion!

1. Technical Analysis

From the 4-hour perspective, TRUMP is currently suppressed below the trend line, with short-term support at the $13.8-$13.9 range, which is also a key defense line at the Fibonacci 0.618 retracement level.

The moving average system is in a tangled mess, with the EMA50 and EMA200 nearly overlapping, indicating that medium to long-term positions have entered a 'no-direction consensus' state. Once this sticky trend is broken, it is often accompanied by violent fluctuations — either a big bullish candle to explode the shorts or a big bearish candle to bury the longs.

2. News

Early this morning, an address associated with the TRUMP team suddenly transferred 3.5 million tokens to the exchange, with the official explanation stating it was to 'enhance liquidity.' However, the market clearly does not buy it. On-chain data shows that whales quickly closed their positions and shifted to PEPE within 2 hours, causing TRUMP to briefly plummet to $13.5.

A bigger variable is the Washington dinner on May 22 — Trump will personally announce the 'next phase plan' for the TRUMP token. Historically, such 'presidential calls' often trigger extreme market conditions: in 2024, when Trump faced legal lawsuits for promoting Meme coins, TRUMP plummeted 31% in a single day; while in January this year, after the team promised a 90-day lock-up, the price rebounded violently by 80%.

3. On-Chain Data

Currently, there is a strange divergence on-chain: the number of holding addresses has increased against the trend to 15,000, but the top 10 addresses hold a staggering 47%, indicating that the dogs are still in high control. It is worth noting that the RSI indicator has rebounded from the oversold zone to around 35, but the MACD has not yet formed a golden cross, making this 'weak rebound' structure very likely to trigger a second bottom test.

Feeling confused? Can't find a way out?? Leave a comment to receive support from a top team.

I am Fengyun, supported by a top team, only those who resonate in sync can gather together! (Serious inquiries only)