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Official Trump Price Recovers Amid WLFI Launch as Bullish Sentiment Creeps Back

Highlights:

  • Official Trump price recovers amid WLFI listing. 
  • Ali Martinez has noted that the liquidation game can now begin, which may see substantial profits. 
  • Bullish momentum is likely to reinforce a rally to $11-$13 soon. 

The Official Trump price recovers, rallying 5% increase to $9.07. The trading volume is notably up 229%, indicating growing market activity as investor confidence bolsters. The recent surge comes as World Liberty Financial (WLFI) is making its entrance into the market in a public manner, giving several investors and analysts in the market reason to rejoice. Meanwhile, Ali Martinez has added that, ‘’Let the liquidation games begin!’’ 

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Such events are market-sensitive because investors are eager to capitalize on unexpected price fluctuations and liquidations to make a substantial profit. 

TRUMP Futures Show Impressive Growth Amid Volatility

One of the financial products that has garnered massive attention in recent months and experienced a remarkable price movement, as well as a notable increase in open interest, is TRUMP Futures. As the data depict, the future market of the TRUMP token has been characterized by a consistently rising open interest, which reached a peak of 470.42M as of today. It has been experiencing an upward trend, reaching a high of $9.07 recently, a big difference from the lows. This is a strong indication of an upward trend in market demand, and investors’ attitudes have also changed.

TRUMP Futures Open Interest(OI). Source: CoinGlass

Liquidations have also been on the rise, with over $1.2 million wiped out in long positions in the last 24 hours. In comparison, short position holders have suffered only $1.07 million in liquidations, underscoring the risk-off sentiment gripping crypto markets.

TRUMP Total Liquidations Chart. Source: CoinGlass

Official Trump Price Poised for Further Upside

The official Trump token, backed by U.S. President Donald Trump, is gaining momentum, with its volume increasing by more than 200% in the past 24 hours. This spike is associated with the listing of WLFI on crypto-exchanges, including Binance and Bithumb, as well as the introduction of a USD 1 stablecoin on Solana.

Looking at the 4-hour chart, the TRUMP token has broken out of a triangle, as the bulls have the upper hand. Accompanying the price movement is the strong support at the $8.47 and $8.88 zones. If they hold strong, further upside is expected in the Official Trump price. 

Official Trump Price
TRUMP/USD 4-hour chart: TradingView

Notably, the MACD (Moving Average Convergence Divergence) also shows a buy signal in the TRUMP market. Currently, traders and investors are free to continue adding TRUMP tokens unless the MACD trend changes. The $8.88 level (200-day SMA) is a strong floor, with $8.47 (50-day SMA) serving as the ultimate technical safety net. If the bulls continue to drive the price higher, resistance at $9.35 could shift to support, potentially opening the door to $11-$13.

Conversely, if bears start to sell, reinforced by the overbought RSI, a drop towards $ 8.88-$8.50 could be plausible. In the short term, the Official Trump price’s 5% climb and chart action suggest a bullish trend, especially with the breakout above $8.88.

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