- Official Trump (TRUMP) soared 20% to a daily high of $17.52 in the past 24 hours.
- South Korean exchange announced the listing of TRUMP trading pairs.
- A whale spent $1.82 million worth of SOL to purchase TRUMP at $16.50.
The Official Trump (TRUMP) token jumped 20% in the last 24 hours, rising from $14.65 to a daily high of $17.52. The surge follows Upbit’s announcement to list TRUMP trading pairs (KRW, BTC, and USDT) on February 13.
According to Upbit’s statement, several trading restrictions will apply to the TRUMP listing. Buy orders face a 5-minute restriction after trading starts, while sell orders priced 10% lower than the previous day’s close face a 5-minute delay. All order types except limit orders are delayed for 1 hour.
Whale Moves and Market Impact
Additionally, whale activity has also fueled the rally. Data from Onchain Lens via X (formerly Twitter) shows a crypto whale spent 9,350 SOL ($1.82 million) to buy 105,923 TRUMP at $16.50. This whale, who previously made $2 million in TRUMP, has returned to the market, likely expecting further gains after the Upbit listing.
Related: HTX Hints at Justin Sun & Trump Crypto Ties in Cryptic Post
$TRUMP Price Analysis
The TRUMP/USDT 4-hour chart displays a bullish breakout above the 20-day Exponential Moving Average (EMA) at $15.8. The breakout carries weight as TRUMP had experienced a steep downtrend, falling 77.03% from its all-time high of $75.35 over the past 25 days.
Interestingly, the price broke past the upper Bollinger Band, indicating increased volatility. The upper band serves as a strong resistance level, and investors should expect brief consolidation before further advances.
Meanwhile, the MACD indicator shows that the MACD line (blue) has crossed above the signal line (orange), confirming a bullish divergence on the 4-hour chart. The histogram has turned positive, reinforcing buying pressure.
Related: Ripple and Galaxy Loaned MoonPay $160M On the Weekend TRUMP Launched
Traders should watch for profit-taking at higher levels. If TRUMP holds above $15.8, it may test resistance between $18 and $20 in the coming days, while a drop below $15.8 could trigger short-term consolidation.
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