The TRUMP meme coin has declined by 29% over the past month and has fallen more than 90% from its all-time high. The sharp decline coincides with weakening momentum across several indicators.
These two factors suggest that bullish momentum is fading and the risk of decline is increasing. Adding pressure, large wallets have withdrawn millions of USDC, raising concerns about potential selling activity ahead of a token unlock of $317 million next week.
Indicators Show Weak Momentum for TRUMP Meme Coin
TRUMP's BBTrend indicator has sharply dropped from 6.23 to 1.58 two days ago. This dramatic decline suggests that the strength of the previous trend has significantly weakened.
After showing strong momentum earlier this week, the current BBTrend value indicates the possibility of correction or even reversal if buying interest continues to decline.
BBTrend is a technical indicator that measures the strength of price trends based on Bollinger Band width.
High values typically indicate strong directionality, while low values suggest the market is entering a less volatile phase.
With TRUMP's BBTrend now approaching 1.58 near the neutral zone, it may indicate that the strong bullish phase is cooling down. If the indicator continues to fall and price loses support, it could signal the beginning of a downward trend.
TRUMP's Ichimoku chart shows a clear bearish configuration. The price is currently trading below the blue conversion line and red base line.
This position suggests that short-term momentum remains weak and buyers have not yet regained control.
The fact that price candles are still below the cloud reinforces the continued bearish sentiment. The cloud often acts as resistance when prices are below it.
Moving forward, the cloud (Kumo) is transitioning from red to green but remains flat and narrow, indicating limited upward strength. The green leading span A is slightly above the red leading span B, suggesting that future trend prospects remain uncertain and lack conviction.
For a bullish reversal to gain momentum, the TRUMP meme coin needs to break above the cloud with strong trading volume. Until then, the chart continues to demand caution and suggests the possibility of more sideways or downward price movement.
Whale Investor Withdrawals Raise Concerns Ahead of $317 Million TRUMP Unlock
A wallet connected to the Donald Trump meme coin withdrew $4.6 million in USDC from Meteora, a Solana DEX, on Tuesday.
These funds were previously used to provide liquidity for the TRUMP-USDC trading pair, helping to ensure smooth trading and price stability. This wallet made its first withdrawal, and the scale and timing are noteworthy.
After the withdrawal, the pool still contains approximately $205 million in USDC and $122 million in TRUMP tokens.
This activity occurred days before a major unlock event scheduled for next Friday, when approximately $317 million worth of TRUMP meme coin tokens will become available.
Unlocks often raise investor concerns as they increase token supply. Large-scale sales could potentially drive prices down. The $4.6 million withdrawal has sparked speculation about internal movements, with some believing the funds are being repositioned ahead of the unlock.
Whether selling will occur remains unclear, but the timing demands attention. On-chain activity should be closely monitored in the coming days.
