- TRUMP token surged 20% in 24 hours, reaching $17.52, following Upbit’s listing announcement with trading pairs in KRW, BTC, and USDT set for February 13.
- A crypto whale bought 105,923 TRUMP ($1.82M worth) at $16.50, re-entering the market after previously making $2M in profits, fueling speculation of further price gains.
- Technical indicators signal bullish momentum, with TRUMP breaking above the 20-day EMA ($15.8), MACD flashing a bullish divergence, and potential resistance at $18-$20 if momentum holds.
The Official Trump (TRUMP) token has exploded by 20% in the last 24 hours, soaring from $14.65 to a daily high of $17.52. This surge comes hot on the heels of Upbit’s announcement to list TRUMP trading pairs (KRW, BTC, and USDT) on February 13—a move that has injected fresh excitement into the market.
Upbit’s Listing: Restrictions & Trading Rules
Upbit’s statement made it clear that trading TRUMP won’t be a free-for-all. The exchange has set several restrictions to manage volatility:
- Buy orders will face a 5-minute delay at market open.
- Sell orders priced 10% lower than the previous day’s close will also face a 5-minute restriction to prevent rapid declines.
- All non-limit orders will be delayed for an hour after trading begins.
These measures indicate a cautious approach to handling the token’s expected volatility following the listing.
Whale Buys Big—Market Reacts
Massive whale moves have added fuel to the fire. Data from Onchain Lens reveals that a crypto whale spent 9,350 SOL (~$1.82M) to buy 105,923 TRUMP at $16.50. What’s more intriguing? This isn’t their first dance with TRUMP. The same whale previously made $2M in profits on this token and has now jumped back in, likely betting on further gains after Upbit’s listing.
Technical Breakdown: TRUMP Shows Strength
The TRUMP/USDT 4-hour chart is flashing bullish signals, showing a breakout above the 20-day EMA at $15.8. This breakout is significant, considering TRUMP had been on a steep downtrend, plunging 77.03% from its all-time high of $75.35 over the past 25 days.
- Bollinger Bands: Price broke past the upper band, signaling increased volatility. However, this level may act as a short-term resistance, leading to potential consolidation before another move upward.
- MACD Indicator: The MACD line (blue) just crossed above the signal line (orange)—a bullish divergence. The histogram has flipped positive, reinforcing buying pressure.
Key Levels to Watch
- If TRUMP holds above $15.8, expect it to test resistance between $18 and $20 in the coming days.
- A drop below $15.8 could trigger short-term consolidation, with support forming near the $14.5-$15 range.
- Profit-taking pressure may increase at higher levels, so traders should watch volume trends for signs of sustained momentum.
