Daily News 19

Tag: TRUMP price prediction

  • Official Trump Surges 10% as Liquidations Top $13.57M: Can the Memecoin Revisit $2.2?

    Official Trump Surges 10% as Liquidations Top $13.57M: Can the Memecoin Revisit $2.2?

    Official Trump ([$TRUMP]) experienced extreme volatility over the past 24 hours. The memecoin surged 10.2%, broke above the $3 resistance level and reached a high of $3.06 before reversing lower.

    The rally failed to hold, with $TRUMP falling to $2.6 before recovering to around $2.7 at press time. The initial surge came as investors mistakenly believed that the recently launched GOLD token was a second version of $TRUMP. Sentiment reversed after the team behind GOLD was accused of a rug pull.

    Lookonchain reported that 15 wallets that bought GOLD sold their holdings and exited the market, securing more than $312,000 in profit.

    $TRUMP investors exit as liquidation risk rises

    The sharp price swings triggered a wave of liquidations across both long and short positions. Traders betting on continued upside suffered more than $8.4 million in liquidations, while short positions worth over $5.1 million were also liquidated.

    Source: CoinGlass

    Overall, the memecoin recorded more than $13.57 million in liquidations, highlighting the heightened market volatility. As liquidations increased, many traders on both sides of the market rushed to close their positions.

    According to CoinGlass data, Official Trump [$TRUMP] recorded $1.44 billion in futures outflows compared with $1.38 billion in inflows. As a result, futures netflow fell 5,614% to negative $68 million.

    Source: CoinGlass

    Negative netflow suggests that traders were primarily closing their positions. The decline in open interest supports this interpretation.

    $TRUMP’s open interest fell 6.4% to $279 million, while derivatives volume increased 23% to $3.3 billion. Falling open interest alongside rising trading volume suggests that many traders exited their positions rather than opened new ones.

    Profit-taking returns to the spot market

    After $TRUMP crossed above $3, spot-market holders also moved to take profits as the GOLD token launch weakened market sentiment.

    Before this shift, the spot market had been accumulating $TRUMP aggressively, with netflow remaining negative for five consecutive days. On 29th August, that trend changed for the first time, as netflow moved into positive territory.

    Source: CoinGlass

    At press time, netflow stood at approximately $4.5 million. This indicates that more $TRUMP was moving onto exchanges, a clear sign of increasing selling pressure.

    What is next for the Official Trump memecoin?

    With sellers active in both the spot and futures markets, $TRUMP may struggle to maintain its uptrend. Historically, intense selling pressure has often preceded further price declines.

    For now, however, the memecoin’s momentum remains bullish. The Relative Strength Index (RSI) is still elevated at 73.

    Source: TradingView

    At this level, the RSI indicates that the uptrend remains intact and that buyers still control the market. $TRUMP is also trading above both its short-term and long-term moving averages, further supporting the bullish outlook.

    Under these conditions, the bullish structure remains intact. If buyers absorb the emerging selling pressure, $TRUMP could reclaim $3 and target the $3.6 resistance level.

    However, continued selling could push the memecoin below $2.7, with $2.2 serving as the next major support level.

    Key takeaways

    • Official Trump [$TRUMP] surged 10.2% to $3.06 before retracing to approximately $2.7.
    • Total liquidations exceeded $13.57 million as market volatility intensified.
    • Positive spot-market netflow suggests that more $TRUMP is entering exchanges, increasing selling pressure.
    • A move above $3 could expose the $3.6 resistance level, while a breakdown below $2.7 could send the price toward $2.2.
  • TRUMP Price Prediction: Does World Liberty’s Bank Deal Change Its Outlook?

    TRUMP Price Prediction: Does World Liberty’s Bank Deal Change Its Outlook?

    $TRUMP enters September in a tightening triangle after one of its most volatile weeks yet. The token surged 80% before reversing 33% almost immediately, with the decline linked to insider wallet transfers. The price swings come as political scrutiny intensifies around both the token and the wider Trump family crypto business.

    $TRUMP Price Analysis: Triangle Breakout Could Come in September

    $TRUMP has spent the past two weeks consolidating inside a symmetric triangle. Resistance slopes downward from the $3.70 spike high recorded on August 22, while support rises from the $1.60 base reached on August 19. The token is currently trading at $2.8132, near the triangle’s upper boundary.

    The 20-period EMA at $2.4724 and the 50-period EMA at $2.2652 remain below the current price and are turning higher as they catch up with this month’s sharp rally. The RSI stands at 69.41, just below overbought territory after reaching 80 twice during the sharp moves around August 20 and 22.

    The triangle’s apex is due in early September, making a breakout or breakdown likely during the first half of the month. A daily close above the $2.90-$3 range would confirm a breakout, while a move below $2.40 could send the price back toward the EMA cluster.

    $TRUMP News: Sheikh Tahnoon Backs 49% Stake in World Liberty’s New Bank

    The Wall Street Journal reported that Abu Dhabi’s Sheikh Tahnoon bin Zayed al Nahyan, the UAE’s national security adviser, backs the largest stake in World Liberty Financial’s new bank, with a 49% ownership position. The bank received preliminary approval from the Office of the Comptroller of the Currency to manage USD1, World Liberty’s $4 billion stablecoin.

    Tahnoon previously invested $500 million in World Liberty in January 2025, days before Trump’s inauguration. The deal directed $263 million to Trump family entities. An entity affiliated with the Trump family owns 38% of the new bank.

    Regulators required an unusual passivity agreement from Tahnoon’s shareholding entity. It was only the second such requirement imposed since Trump returned to office.

    Ethics experts raised concerns about the timing because the expanded business relationship is developing alongside the administration’s separate approval of AI chip exports benefiting Tahnoon’s firm, G42. The White House denied any conflict of interest.

    Senators Ask SEC to Investigate Possible “Rug Pull”

    Senators Warren and Blumenthal formally asked the Securities and Exchange Commission to investigate whether $TRUMP is an illegal scam. They cited reports that investors lost a combined $3.8 billion, while Trump-linked wallets gained approximately $636 million.

    SEC guidance issued in February 2025 generally exempts memecoins from securities law, although the guidance does not protect projects that use the label to evade regulation. The SEC has not responded publicly.

    Insider Wallets Continue Removing $TRUMP Liquidity

    Wallets linked to the $TRUMP project withdrew USDC from liquidity pools again on August 24, extending a pattern that has been tracked since April 2025.

    The latest withdrawals, combined with the earlier $6.2 million transfer to OKX that triggered this month’s 33% pullback, have kept concerns about insider selling in focus rather than making them a one-off issue.

    $TRUMP Price Prediction: September Upside and Downside Targets

    Bullish Case: $3.69 Target

    $TRUMP could hold triangle support around $2.40-$2.47 and break above resistance between $2.90 and $3 on a daily close. Continued attention on World Liberty’s bank approval or a favorable SEC outcome could encourage renewed buying toward the August spike high of $3.69.

    Bearish Case: $2.02 Risk Level

    $TRUMP could fail at triangle resistance and break below ascending support, repeating August’s sharp rally-and-reversal pattern. Continued insider withdrawals or any formal SEC action could drive the price toward the 100-period EMA at $2.02, with the 200-period EMA at $1.82 representing the next lower level.

    Source: cryptonews.net