TRUMP bounced back from the support level of $8.18 – A signal for a new breakout?

An intelligent whale just realized a profit of 1.48 million USD from Pump.fun (PUMP) before shifting to Official Trump (TRUMP), where the unrealized profit has already exceeded 223,000 USD.

Such bold and decisive moves often shock market psychology, as whales are early signals of confidence before the crowd reacts.

Currently, traders are closely monitoring every move, as the shift towards TRUMP has ignited attention around price structure and the potential for a breakout in the near future.

Can TRUMP trigger a breakout?

TRUMP has just tested the upper boundary of the downtrend channel – an important threshold that often signals a potential breakout. Buying pressure is concentrated strongly around the 8.18 – 8.70 USD range, forming a solid support layer against selling pressure.

Thanks to this defense, the price has the opportunity to bounce back, aiming for resistance levels of 10.07 USD, 12 USD, and even 16 USD. The next momentum will depend on the bulls' ability to maintain control and successfully protect the important support area.

If the bulls maintain their dominance, TRUMP could very well break through the short-term resistance levels. Traders are currently focused on observing to see if this price channel test will trigger a strong rally.

Daily chart of TRUMP/USDT | Source: TradingView## Bullish sentiment towards TRUMP

The active buy order ratio ( taker buy dominance ) in the TRUMP market continues to affirm the overwhelming control of the bulls. The buying orders far exceed the selling orders, reflecting strong and decisive confidence from traders.

This clear imbalance indicates that demand remains stable, with buyers willing to absorb the entire available supply. In many cases, this kind of buying pressure is often a precursor to breakout phases, when bulls take control of the market trend.

With the active buying volume continuing to dominate, TRUMP is sending clear bullish signals. Maintaining this overwhelming position could become a strong catalyst for the price to challenge higher resistance levels, opening up new breakout opportunities.

Source: CryptoQuant## Buying pressure increases as short sellers flee

Recent liquidation data clearly reflects a shift in market sentiment: over 99.32 million USD in Short positions have been liquidated, compared to 34.61 million USD in Long positions. This figure indicates that extreme pressure is being exerted on the bears.

Short liquidation events occur when short sellers are forced to buy back assets, leading to unexpected price spikes. This imbalance further strengthens the bulls' position, especially when supported by active buying pressure from the market.

Such "short squeezes" are often a sign of the beginning of prolonged upward movements, as continuous buy-to-cover activities push the price up. If this trend continues, TRUMP has the potential to record even stronger rallies, heading towards important resistance levels.

Source: CoinGlass## Is TRUMP ready for a stronger rally?

Accumulation activity led by whales, with a solid demand zone and liquidation pressure from the shorts, is creating a strong foundation for TRUMP to advance.

The convergence of technical signals and on-chain data further highlights a market full of potential for a breakout scenario.

If important resistance levels are decisively conquered, TRUMP could definitely enter a strong bullish cycle. The actions of whales, the dominance of active buy orders, and the short squeeze effect are all working together to strengthen the optimistic outlook for this token.

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