[TRUMP Coin Market Prediction: Volatile Rise and Fall under Political Heat and Whale Games]
Hello everyone, I'm Big G! Today we will discuss the king of controversy—TRUMP coin's short-term direction, combining the latest data and events to highlight key points for you!
Trump's endorsements still hold power, but beware of policy changes.
On May 5, Trump publicly supported TRUMP coin again, causing a nearly 28% surge in price in a single day. Subsequently, a whale spent $5.52 million on May 9 to bottom-fish, pushing the price up to $15.8. Recently, Trump announced he would host a private dinner for large holders, which might continue to stimulate market sentiment in the short term, but legal controversies (such as alleged conflicts of interest) could become a potential black swan.
Technical aspect: $10 is the lifeline; breaking $14 could trigger a market explosion.
Currently, TRUMP coin is fluctuating in the range of $10.69-$11.2, with $10 being a key support level. If it breaks, it may slide into the $9 abyss. Above, $14 is strong resistance, and if it breaks, it could quickly hit the previous high of $16. The daily RSI has rebounded from the oversold area, but the MACD has not yet crossed bullish; bulls need more momentum to confirm the trend.
Whale control and concentrated chips: Invisible drivers of volatile rises and falls.
On-chain data shows that the top 10 addresses hold 82% of the circulating supply of TRUMP coin, and 80% of the project's tokens are still locked. Under such high control, whale movements directly affect prices—recently, a whale bought 390,000 tokens, boosting confidence, but be wary of avalanche risks from unlocking selling pressure.
Counterfeit Season and Dollar Risks: A Double-Edged Sword
Currently, the Meme coin market is heating up, and TRUMP, as the 'political Meme leader', may benefit from capital rotation. However, with rising expectations of Fed rate hikes and a potential bear market for the dollar, the overall crypto market is under pressure, and TRUMP may struggle to remain unaffected.
Future market strategy
Short-term players: Keep a close eye on Trump's movements and the $10 support. A breakthrough at $12.5 can be pursued for further gains, targeting $14-16; stop loss below $10.
Long-term holding: High risk! The project's token unlock (in the next 24 months) and legal risks may lead to prolonged declines; only small bets on the 'Trump reelection' narrative are advised.
A painful reminder: TRUMP coin is a pawn in political games and a cash machine for whales! Retail investors should not go all in; beware of 'dinner festivities turning into a slaughter feast'!
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