Key Insights:
- TRUMP coin price defied expectations with an 8.6% surge after a massive $310M token unlock.
- Analyst confirmed the bottom pattern, suggesting a trend reversal could be forming.
- Despite insider withdrawals, community support keeps the TRUMP coin price stable.
TRUMP coin price defied expectations with an 8.6% rally just when most analysts braced for a post-unlock plunge.
This sharp uptick followed a $310 million token unlock on April 18, a moment widely predicted to catalyze a steep correction. Instead, the TRUMP coin price gained momentum, jumping from $7.54 to $8.60 and stabilizing above $8.30.
The sudden bullish behavior came despite insider transactions, a major unlock, and political controversy. New technical analysis reinforced the possibility that the TRUMP coin price has carved out a solid support base.
Analyst Identified TRUMP Coin Price Bottom Formation
Crypto analyst Mihir published a 12-hour TRUMP/USD chart on April 20, highlighting a potential bottom formation. The chart indicated a consolidation range between $7.20 and $8.50.
This suggests that the TRUMP coin price may have found a short-term price floor, stabilizing within this zone. This range emerged after months of continuous decline from the January peak of $71.
Mihir identified a horizontal accumulation pattern, often associated with exhausted sellers and rising buyer interest. Such bottom formations are typically precursors to bullish reversals, especially when accompanied by increased volume and reduced volatility.
The timing of this setup, directly after a major unlock and price rebound, added weight to the possibility of a trend shift. Notably, the price consolidation within this defined box suggests accumulation rather than distribution.
TRUMP coin price could enter a new upward phase if this pattern holds. This aligned with historical behavior in crypto markets. Sharp declines followed by sideways trading often led to a reversal, especially in narrative-driven tokens.
Whale Unlock Failed to Shake Investor Confidence
The TRUMP development team released 40 million tokens into circulation on April 18, amounting to 4% of the total supply. This represented over 16% of the current circulating volume and marked the end of a three-month lockup period.
Token unlocks of this size are usually bearish, triggering selloffs from early holders. However, the TRUMP coin price surged, climbing to $8.60 and settling above $8.30.
Adding to market tension, the project’s team withdrew $4.6 million worth of TRUMP and moved it to Coinbase Prime ahead of the unlock. This raised speculation of insider selling, but no mass dumping occurred.
The price remained stable, surprising analysts and reinforcing the strength of community-driven demand. Despite these developments, the market reaction was calm, even bullish.
The unusual behavior reflects TRUMP’s unpredictable nature. The token seems to operate on different dynamics, shaped by political fervor and viral marketing rather than conventional economic signals.
Community Loyalty Sustains Momentum
Furthermore, TRUMP coin price resilience can be attributed to its unique holder base. Many investors are politically motivated rather than profit-focused.
Launched on Solana in January 2025, the token surged to $71 before dropping nearly 90%. Still, the recent rally and stabilization show that its community remains engaged.
TRUMP holders appear less reactive to insider actions or tokenomics events than traditional crypto investors. Their unwavering support created a cushion against panic selling.
This trend has allowed TRUMP to sustain trading volume and investor interest. It persists despite facing notable volatility and skepticism within the crypto community. This week has been one of TRUMP’s most aggressive recent weeks, surpassing many popular cryptocurrencies.
The continued strength hinted at stability based on the sentiment associated with a group. Despite the price staying below all-time highs, the consolidation would have nonetheless suggested the zone’s strength.
Future Unlocks Posed Long-Term Risk
The April unlock was the first of several scheduled releases from TRUMP’s token supply. Reports suggest insiders control up to 80% of total tokens, presenting an ongoing risk of supply shocks.
Transparency from the development team remains limited, with no official communication since April 11. According to the technical analyst, Mr. Albert_Global_Fx, there was a rebound from the $ 7.46 support zone.
He believed that the next level of resistance is at $10.21. Buying pressure may drive the price higher in the short term. However, future unlock events will be key in determining its long-term stability.
TRUMP coin price remains just below $8.33 as buyers establish a bottom. Analysts like Mihir have shared insights into this emotionally charged market.