TRUMP price holds $2.78 support after a technical double-bottom bounce. Whale accumulation grows ahead of April 25 Mar-a-Lago event. The memecoin’s price may target $3.34 if support holds.

The Official Trump (TRUMP) token is beginning to show signs of life after weeks of sustained pressure, with price action stabilising just above a critical support level.

While the broader trend remains weak, recent movements suggest that large investors are quietly positioning themselves ahead of a highly anticipated event later this month.

At the time of writing, TRUMP was trading around $2.81, posting a modest daily gain and slightly outperforming Bitcoin (BTC), which has remained relatively flat.

The recent bounce can largely be traced to a well-defined support zone around $2.78, forming a double-bottom pattern and giving traders a clear reference point for short-term positioning.

Notably, after testing the support area, the price held firm and began to edge higher, suggesting that buyers are stepping in at this range.

This kind of reaction is typically driven by market structure rather than new fundamental developments.

Repeated tests of a support are often viewed as a confirmation that a floor has been established and, in this case, $2.78 has become the immediate floor price.

As long as TRUMP holds above this support, the structure remains intact.

A sustained move below it, however, would weaken the setup and likely open the door to lower levels near $2.44.

Alongside the technical setup, steady accumulation by large holders is helping to support the market.

In recent days, several high-value wallets have been increasing their exposure to TRUMP, often moving tokens off exchanges into private storage.

This behaviour is typically associated with longer-term positioning, as it reduces immediate selling pressure and signals intent to hold.

Notably, this accumulation coincides with an upcoming event scheduled for April 25 at Mar-a-Lago for large TRUMP token holders.

The Mar-a-Lago event has created a unique layer of demand, which, while it may not be sustainable over the long term, can still provide a meaningful boost for the token’s price in the short term.

With support holding and whale demand building, attention is now shifting to the next key level on the chart, which is $3.34.

However, a move toward $3.34 would require continued stability above $2.78, along with enough buying pressure to push through minor barriers along the way.

And at the moment, the setup suggests a market that is range-bound but leaning slightly upward, and eyes are on whether momentum can build.

It is also worth noting that the token remains deep in a broader downtrend, having lost a significant portion of its value over the past year, meaning any upside move is likely to be viewed with caution until stronger confirmation appears.

The post TRUMP price eyes $3.34 as whales accumulate ahead of Mar-a-Lago event appeared first on CoinJournal.

Bitcoin price in Telegram @btc_price_every_hour

51 +