TRUMP token is facing renewed volatility as markets prepare for a significant unlock event that could test investor sentiment.
At press time, TRUMP is trading at $9.90, up 4% over the past 24 hours and about 16% higher than its price at the beginning of July. However, the token remains 86% below its all-time high of $73.43 set on Jan. 19.
According to Tokenomist data, 90 million TRUMP tokens, representing 45% of the current circulating supply, are scheduled to unlock on July 18 at midnight UTC. These tokens, valued at roughly $890 million, will be available for trading by early investors and the founding team.
Since only 20% of TRUMP’s 1 billion maximum supply, or 200 million tokens, has been unlocked thus far, this event is among the most important in the token’s release schedules. Selling pressure may be increased by such a significant rise in liquid supply, particularly if early stakeholders decide to realize gains.
Trading activity has picked up sharply ahead of the event. TRUMP’s 24-hour volume is over $1.25 billion, a 169% jump from the day before. On the derivatives side, Coinglass data shows that futures trading volume is up 157% to $2.06 billion, and open interest has grown by nearly 8% to $466 million. This shows that traders are watching closely and positioning ahead of the unlock.
Looking at the technical picture, TRUMP has been moving steadily upward, with recent candles holding above the $9.50 level. The Bollinger Bands are beginning to widen, a sign of increased price volatility. The relative strength index is at 57.6, neither overbought nor oversold, suggesting the market isn’t stretched in either direction.
A few signs are beginning to improve. Momemntum, the MACD, and the awesome oscillator are flashing early bullish signs. Most short-term moving averages, including the 10-, 20-, and 50-day lines, show support under current prices.
In the short term, a wave of selling from unlocked tokens could pressure TRUMP below $9.15, the 20-day SMA. A dip through that level could see the price fall to $8.90, which acted as a consolidation zone earlier this month.
Heavier sell pressure could drag TRUMP token toward the $8.00–$8.20 band, and in a more severe drawdown, the token may retest support near $7.50 or even $6.80, areas last visited in late June.
If early recipients hold their tokens or if the influx is met with strong demand, TRUMP could extend its current rebound. The first level to watch is support at $9.50, which has served as a short-term base. Holding above this range could allow for a move toward $10.05, just above the recent resistance zone.
Source link