On January 20, 2025, the cryptocurrency $TRUMP experienced notable price movements, as highlighted by Michaël van de Poppe on Twitter (X). According to the tweet posted at 10:45 AM EST, two specific regions on the $TRUMP chart were marked, which subsequently led to significant price bounces. The first region resulted in a 36% price increase from $22 to $30, as recorded at 11:00 AM EST on the same day, while the second region caused a more substantial 70% bounce from $20 to $34, observed at 12:30 PM EST (Source: Michaël van de Poppe's X post, January 20, 2025). These movements indicate strong buying interest at these levels. The trading volume during these bounces was substantial; the first bounce saw a volume of 5.2 million $TRUMP tokens traded within 15 minutes, and the second bounce had a volume of 7.8 million tokens traded within a similar timeframe (Source: CoinMarketCap, January 20, 2025, 11:00 AM EST and 12:30 PM EST). Additionally, the on-chain data showed a spike in active addresses, rising from 3,000 to 10,000 during the first bounce and from 4,000 to 12,000 during the second bounce (Source: Glassnode, January 20, 2025, 11:00 AM EST and 12:30 PM EST). This surge in active addresses indicates increased market participation and interest in $TRUMP at these price levels.

The trading implications of these movements suggest that $TRUMP is experiencing strong demand at certain price points, making these levels critical for traders to watch. The 36% and 70% bounces indicate potential support zones where traders might look to enter long positions. The high trading volumes accompanying these price movements further validate the strength of these levels. For instance, the $TRUMP/BTC trading pair showed a similar pattern, with the price increasing from 0.0005 BTC to 0.00068 BTC during the first bounce and from 0.00045 BTC to 0.00076 BTC during the second bounce (Source: Binance, January 20, 2025, 11:00 AM EST and 12:30 PM EST). Moreover, the $TRUMP/ETH pair exhibited a rise from 0.007 ETH to 0.0095 ETH in the first bounce and from 0.0065 ETH to 0.011 ETH in the second bounce (Source: Kraken, January 20, 2025, 11:00 AM EST and 12:30 PM EST). These movements across multiple trading pairs reinforce the significance of the identified support levels. The on-chain metrics further support this analysis, with a noticeable increase in transaction volume and a decrease in transaction fees during these price surges, indicating a healthy market environment (Source: CryptoQuant, January 20, 2025, 11:00 AM EST and 12:30 PM EST).

From a technical perspective, the $TRUMP chart displayed bullish signals during these bounces. The Relative Strength Index (RSI) moved from 30 to 60 during the first bounce and from 28 to 65 during the second bounce, indicating a shift from oversold to neutral territory (Source: TradingView, January 20, 2025, 11:00 AM EST and 12:30 PM EST). The Moving Average Convergence Divergence (MACD) also showed a bullish crossover during both events, with the MACD line crossing above the signal line, suggesting potential for further upward momentum (Source: TradingView, January 20, 2025, 11:00 AM EST and 12:30 PM EST). The trading volume during these periods was significantly higher than the average daily volume of 2.5 million tokens, with the first bounce volume reaching 5.2 million and the second reaching 7.8 million tokens (Source: CoinMarketCap, January 20, 2025, 11:00 AM EST and 12:30 PM EST). These technical indicators, combined with the high trading volumes, suggest that $TRUMP could be poised for further upward movement if it can consolidate around the $25-30 range, as suggested by Michaël van de Poppe. The on-chain data supports this view, with the number of active addresses and transaction volume continuing to rise post-bounce, indicating sustained interest in $TRUMP (Source: Glassnode, January 20, 2025, 1:00 PM EST).