Even though there has been a lot of whale activity around the Trump-themed crypto token, technical indicators say that a big breakout is still not likely to happen. On-chain data indicates that large holders are purchasing numerous tokens, suggesting they are becoming increasingly confident in the token’s long-term prospects. But this buying pressure hasn’t caused a big price change, so the market is still waiting and watching.
The Trump token, which has become popular because of its political branding and meme coin dynamics, saw a big increase in volume this week, mostly because a lot of people have wallets that hold a lot of it. Whale tracking sites say that the biggest wallets have added more than 18% to their holdings in the last week alone.
No Clear Bullish Momentum Yet
Prices usually go up after accumulation, but the charts are showing signs of consolidation instead of breakout momentum. Analysts say that even though the fundamentals are good (more people are interested in the token and it has speculative appeal), the token is still trading in a narrow range. The RSI and MACD indicators are still neutral, and volume spikes haven’t yet matched up with strong price rises.
Some people who watch the market think that the token is in an accumulation phase and might be getting ready for a rally. Others, on the other hand, say that the price may keep going sideways soon unless there is more confirmation from the market or major news events.
Political Tokens Gaining Ground
The Trump token is one of many politically themed cryptocurrencies that are becoming more popular. These coins combine branding with ideology and social sentiment. These assets have found a place in the meme coin market, even though they are still speculative. This is because communities are often driven by viral stories, influencers, and a willingness to take risks.
Everyone is watching the market right now. It looks like retail traders are waiting for stronger signals before getting in, even though whales may be making their bets.
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