- An unknown wallet has transferred 20 million Trump worth $ 341.923 million
- Whales built for $ 49 million in long positions at the $ 15.92 level
After a persistent and considerable fall on the charts, the memecoin of US President Donald Trump, Trump, noticed an outbreak on the back of the impressive upward momentum. At the time of writing, the larger sentiment of cryptocurrency market seemed to have become positive, with the same that the Altcoin strongly influenced.
Whale moves 20 million Trump from Binance
Another important factor that feeds Trump’s momentum is a walk in whale interest and the recent list on Upbit.
Recently the blockchain-based transaction tracker Whaling warning Shared on X (formerly Twitter) that an unknown wallet transmitted a significant 20 million Trump Memecoins, worth $ 341.923 million, from Binance.
Impact on Trump’s price
After this transaction, the Memecoin saw remarkably top momentum, with the same accompanied by a larger trade volume too. At the time of the press, the crypto traded nearly $ 19.05, after a walk of more than 12.50% in the last 24 hours.
Moreover, the trade volume jumped by 25% in the same period – a sign of increased participation of traders and investors compared to the previous day.
Bullish on-chain statistics
According to the data from Coinglass, since the launch of the token, the Memecoin has seen continuous accumulation from fairs, with dumping on just three days.
At the time of writing, data from the spot -entry into/outflow indicated that exchanges were witnessed in the last 24 hours of an outflow of almost $ 10 million in Trump -Memecoins -which indicates potential accumulation.
Source: Coinglass
Important liquidation levels
While investors, whales and long-term whales were on potential accumulation, intraday traders considerably increased their open positions. Data showed that Trump’s Open Interest (OI) rose by 12% for the past 24 hours, with a majority of the positions built on the long side.
Intraday traders seemed to be very bullish and at the time of the press were surpassed at the level of $ 15.92 with $ 49.23 million in long open positions. In the meantime, traders who bet on short positions became too much livered at $ 20, with $ 7.50 million in short positions.
Source: Coinglass
The continuous bets of traders in long positions suggest that Trump is Bullish and could soon activate the liquidation of short positions. To easily say it, itHe walks in interest, together with whale accumulation and bullish bets of traders, has shifted the market sentiment for Trump.
Trump’s coming levels
In recent days, the four -hour map of the Memecoin flashed a pattern of lower highlights and lower lows. However, Trump has broken this pattern since then, so that two crucial resistance levels are violated at $ 17 and $ 19.
Source: TradingView
Based on his price action and historical trends, if Trump retains over the $ 19 level, there is a strong possibility that it could actively rise by 28% to reach $ 25.15 in the near future.
