TRUMP Token Gains Momentum as Whales Accumulate and Technicals Favor Breakout

TRUMP has rebounded strongly from its key support level at $8.18, showing clear breakout potential. The token's futures market demonstrates aggressive buying activity, with taker buy dominance indicating sustained demand. Short liquidations totaling $99.32M significantly exceeded long liquidations at $34.61M, suggesting a potential squeeze that could accelerate upward momentum.

Notable whale activity has emerged as a key catalyst—$1.48M in profits from Pump.fun were redeployed into TRUMP positions, generating over $223K in unrealized gains. This type of aggressive accumulation typically precedes broader market sentiment shifts, as sophisticated investors position ahead of retail traders.

Technically, TRUMP is testing the upper boundary of a falling channel pattern, with concentrated buying between $8.18 and $8.70 establishing solid support. Successful defense of this zone opens potential paths toward resistance levels at $10.07, $12, and even $16. Market participants are now watching for sustained bullish momentum to confirm the breakout thesis.