Analysis of $LIBRA and $TRUMP Price Movements

• Whale’s calculated moves earned $2.15M in $LIBRA profits through precise timing.
• Despite gains, $TRUMP faces downward pressure, with support at $16.20-$16.40.
• $TRUMP may see up to 97.62% growth by February 2025, hitting $32.65.

A crypto whale, or institution, that had locked in over $96.87 million via the $TRUMP token has additionally earned an impressive $2.15 million from trading $LIBRA. This savvy entity demonstrated exceptional skill in exploiting market shifts and executing timely purchases, showcasing deep expertise in navigating the unpredictable waters of the crypto market.

Whale’s Strategy and $LIBRA Profits

The complexities surrounding the purchase of $LIBRA drew attention when Javier Milei, the President of Argentina, retweeted a post that presented the acquisition process as overly intricate. The implication was clear: ordinary investors might struggle, while savvy speculators would seize the opportunity. Following this tweet, the price of $LIBRA surged significantly.

One sharp trader, identified by the handle goofyahh.sol, took full advantage of the volatility. After Milei’s retweet, they executed a bold trade, purchasing 10.4 million $LIBRA for $5 million USDC. Just an hour later, they sold their holdings for $5.5 million USDC, netting a swift profit of $500,000. This was not their first foray into $LIBRA; earlier trades had already amassed an additional $1.65 million in profits, bringing their total to $2.15 million. Such precision and timing underline the potential for significant short-term gains in the fast-paced crypto landscape.

Connection to the $TRUMP Whale & Price Movements

The same trader, goofyahh.sol, previously made headlines for their notable involvement in the $TRUMP token. After its launch, the address 6QS…tXv invested 1.096 million USDC to buy 5.971 million $TRUMP at a mere $0.18 per token. The savvy trader then distributed these tokens across 11 wallets, including their own, later selling parts of this sizable holding. This strategic approach culminated in a staggering $96.87 million profit, reflecting an impressive 88x return on their initial investment. The ability to navigate market fluctuations effectively has proven to be critical to their ongoing success.

Market Performance and Price Trends of $TRUMP

Yet, despite these impressive gains, the $TRUMP token has recently been experiencing downward pressure. Over the past 24 hours, the token has seen a decline of 5.43%, settling at $16.46. The overall market capitalization has also dropped by 5.44%, now resting at approximately $3.29 billion, with trading volume falling sharply by 31.33% to $1.34 billion. This observable trend began with an initial price rise above $17.40, only to face significant selling pressure that ultimately pushed the price lower.

Key Support and Resistance Levels

Currently, $TRUMP is stabilizing within the range of $16.20 to $16.40. A breakdown below $16.20 could lead to further declines, potentially toward the $15.80-$16.00 range, with a stronger support level anticipated at $15.50, which may act as a solid floor amid bearish pressures. On the upside, resistance is noted within the $17.00 to $17.40 range, and any movement past $18.00 could indicate a significant trend reversal.

Technical Indicators and Future Predictions

The Relative Strength Index (RSI) for $TRUMP currently sits at 42.81, indicating that while the token is not classified as oversold, it is approaching lower levels that suggest moderate selling pressure rather than extreme bearish conditions. In parallel, the MACD indicator shows a negative reading of -4.417, confirming ongoing bearish momentum. Without a substantial uptick in buying activity, the price may maintain its current downward trajectory.

Market predictions for February 2025 are notably optimistic, with Coincodex anticipating a potential surge of $TRUMP, projecting a growth of up to 97.62% to an average price of $32.65. Their forecast envisions a price range from $17.29 to $58.94, suggesting a possible return of 256.77% from current levels.