- TRUMP token surges as final supply unlock enters the market.
- Price climbs above $9.70 despite 40 million tokens released.
- The market shows strength, defying bearish expectations on the unlock day.
The TRUMP token has posted a strong rebound today as the final supply unlock event goes live. This event will add 40 million tokens, equivalent to 20% of its total supply, into circulation. This latest release, valued at approximately $370 million, marks the largest and last scheduled unlock for the politically themed cryptocurrency.
According to data from Messari, the circulating supply has now reached nearly 200 million tokens. Despite earlier concerns of increased selling pressure, TRUMP has defied bearish expectations. At press time, it is trading at $9.71, showing a 6.66% gain in the last 24 hours.
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As reflected on the CoinMarketCap chart, TRUMP began trading near $9.12 on the day before staging a sharp recovery throughout the session. Its price took a consistent bullish pattern, surging past primary intraday resistance levels to open at a high of $9.75.
The rally is a fresh buying phase, and the token is holding up well above the $9.60 mark in the middle of the day.
The price increase correlates with the rise in market capitalization to $1.94 billion. Yet, the daily volume decreased slightly by 5.97 percent to $432 million, which indicates that specific traders keep positioning themselves to react to additional price changes.
The volume-to-market cap ratio is 22.09%, indicating positive activity near unlock.
Source: CoinMarketCap
Technical Indicators Support Upward Momentum
TRUMP’s price action today has brought it back above the 20-day simple moving average, which is currently set at $9.10. Bollinger Bands are widening, suggesting increased volatility following the unlock.
It has posted sustained prices that have been far above the middle band, which is usually a short-term bullish indication.
Relative Strength Index (RSI) has now shifted up to 55.26, which is tilted towards the bullish end. The presence of a green candle on the trading chart demonstrates that interest on the part of buyers has remained while the network made ambiguous signals during several days.
MACD signals as well indicate a slight bullish crossover, which a follow-through will confirm.
The upper resistance will be at the point of $10, which has been rejecting the former rallies. Relief from that level may leave a chance of an additional leg higher, but traders will pay extra attention to the volume and post-unlock behavior of the market.
Source: Tradingview
TRUMP coin performance today highlights a strong market reaction to the final token unlock. With 40 million new tokens absorbed by the market without triggering a price drop, sentiment is shifting in favor of the bulls.
As the token stabilizes above $9.70, investor focus turns toward whether it can challenge the $10 resistance in the coming sessions.
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