- A sharp trader swapped $1.22M in Fartcoin for 78,671 TRUMP tokens after five straight profitable swing trades with a $669K total profit.
- TRUMP is showing strong bullish momentum with key levels reclaimed and projections hinting at a rally toward $78.00 by early June.
- Fartcoin demand surges as market makers scramble to borrow tokens from whales while technicals show a strong bounce at $0.95 support.
A smart trader made headlines after Lookonchain reported a bold move. The trader swapped 1.18 million Fartcoin (worth $1.22 million) for 78,671 TRUMP tokens. Notably, this trader executed five profitable swing trades in Fartcoin, achieving a flawless 100% win rate. Consequently, the trader secured a total profit of $669,000, demonstrating sharp market timing and execution.
Besides, upcoming events add further excitement to the crypto scene. The TRUMP Dinner is scheduled for May 22, with a crucial snapshot happening on May 12. Moreover, the U.S. Federal Reserve meeting on May 8 and a potential deal with China are on the horizon. Hence, the next 15 days are expected to be extremely busy, with many anticipating a green week and a potential 10–15 day rally..
TRUMP Shows Signs of Strength Amid Resistance Tests
Technical analysis from Crypto Tony highlights a critical level for TRUMP against USD. Reclaiming the $15.80 level would confirm a crucial flip into support, signaling bullish strength. Additionally, Trade4ddict noted that TRUMP is printing its first green trend bar on the weekly chart. A breakout above the $17.80 resistance could open doors for a rally. Moreover, a pullback after breaking resistance may provide an optimal long entry opportunity. Some analysts even suggest a revisit to all-time highs could be on the table.
The daily chart of TRUMP/USDT from MEXC Exchange paints a promising picture. After bottoming at $6.80 in early April, TRUMP formed higher lows, surging to nearly $14.88 recently. Technical projections suggest further bullish momentum could propel prices toward the $78.00 mark by June. Besides, several trend and pattern recognition tools confirm this emerging uptrend.
Fartcoin Faces Market Maker Frenzy as Technical Support Holds
Meanwhile, Unipcs shared key insights into Fartcoin’s growing market demand. Market makers are aggressively seeking to borrow Fartcoin from whales, reflecting extreme demand. However, a lack of liquidity and no centralized team complicate matters, forcing market makers to approach whales directly.
On the technical side, Fartcoin’s price action has been textbook. After a strong bullish rally, it entered a descending parallel channel. A major support confluence formed at $0.95, where a sharp bounce just occurred. Moreover, structural behavior remains clean, indicating a completed corrective phase. Hence, the coming sessions will be critical in determining Fartcoin’s next major move.
