|
Getting your Trinity Audio player ready...
|
- TRUMP gained 80.79% in seven days despite $3.39 million in team-linked selling.
- $2.285 is key support for TRUMP, while $2.95 and $3.092 are important upside levels.
- ETHFI defended $0.60 as whale activity and spot buying support a potential move toward $0.73.
The crypto market is showing two contrasting altcoin setups, with Official Trump (TRUMP) posting a sharp recovery despite team-linked selling while ether.fi (ETHFI) gains support from whale activity and strong spot demand. Both tokens have attracted buyers, but their next moves depend on whether demand can absorb emerging supply and maintain key technical levels.
TRUMP Rally Faces Fresh Selling Pressure
Official Trump recorded an 11.56% gain over 24 hours and an 80.79% increase over seven days, highlighting strong momentum despite additional selling pressure.
According to Lookonchain, team-related liquidity transactions facilitated about $3.39 million in USDC sales. The transactions involved repeatedly adding and removing liquidity while converting TRUMP exposure into USDC, creating another source of supply during the token’s rapid advance.
The selling has not yet derailed the rally, suggesting buyers have absorbed substantial supply. However, continued distribution could become more challenging if demand starts to weaken.
TRUMP was trading around $2.49 after retreating from a recent spike near $3.67. The $2.285 level remains important, while $3.092 represents a significant resistance area. Technical indicators remained supportive, with the DMI showing strong directional momentum.
Taker Sellers Keep Pressure on TRUMP
Despite the price gains, 90-day Spot Taker CVD data showed continued dominance from aggressive sellers. This suggests the rally is occurring alongside persistent market-order selling rather than broad, uncontested buying.
Derivatives data also pointed to upside liquidity near $2.95. If buyers regain momentum, that level could become an important near-term target. Conversely, downside liquidity around $2.40-$2.45 could attract price if selling intensifies.
ETHFI Builds a Different Bullish Setup
ETHFI is showing a more demand-driven recovery after buyers successfully defended the $0.60 support zone. The token’s next major technical target sits within the $0.69-$0.73 market imbalance.
Whale activity has also increased across spot and futures markets, according to Spot Future Average Order Size data. At the same time, spot buyers were dominating market activity, providing stronger evidence that the recovery was supported by actual buying rather than leverage alone.
A sustained move toward $0.73 would strengthen ETHFI’s bullish structure. Failure to maintain momentum, however, could expose the token to another test of $0.60.
Also Read: Cracks in the Economic Plan: How Wars, Deficits, and Costs Are Testing Trump’s Promises
TRUMP needs to defend $2.285 while overcoming supply and resistance near $2.95 and $3.092. ETHFI, meanwhile, has a clearer demand-based setup centered on $0.60 and a potential move toward $0.73.
Both recoveries remain dependent on continued buyer participation, making spot demand and supply absorption key factors to watch.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
