
$TRUMP enters September in a tightening triangle after one of its most volatile weeks yet. The token surged 80% before reversing 33% almost immediately, with the decline linked to insider wallet transfers. The price swings come as political scrutiny intensifies around both the token and the wider Trump family crypto business.
$TRUMP has spent the past two weeks consolidating inside a symmetric triangle. Resistance slopes downward from the $3.70 spike high recorded on August 22, while support rises from the $1.60 base reached on August 19. The token is currently trading at $2.8132, near the triangle’s upper boundary.
The 20-period EMA at $2.4724 and the 50-period EMA at $2.2652 remain below the current price and are turning higher as they catch up with this month’s sharp rally. The RSI stands at 69.41, just below overbought territory after reaching 80 twice during the sharp moves around August 20 and 22.
The triangle’s apex is due in early September, making a breakout or breakdown likely during the first half of the month. A daily close above the $2.90-$3 range would confirm a breakout, while a move below $2.40 could send the price back toward the EMA cluster.
The Wall Street Journal reported that Abu Dhabi’s Sheikh Tahnoon bin Zayed al Nahyan, the UAE’s national security adviser, backs the largest stake in World Liberty Financial’s new bank, with a 49% ownership position. The bank received preliminary approval from the Office of the Comptroller of the Currency to manage USD1, World Liberty’s $4 billion stablecoin.
Tahnoon previously invested $500 million in World Liberty in January 2025, days before Trump’s inauguration. The deal directed $263 million to Trump family entities. An entity affiliated with the Trump family owns 38% of the new bank.
Regulators required an unusual passivity agreement from Tahnoon’s shareholding entity. It was only the second such requirement imposed since Trump returned to office.
Ethics experts raised concerns about the timing because the expanded business relationship is developing alongside the administration’s separate approval of AI chip exports benefiting Tahnoon’s firm, G42. The White House denied any conflict of interest.
Senators Warren and Blumenthal formally asked the Securities and Exchange Commission to investigate whether $TRUMP is an illegal scam. They cited reports that investors lost a combined $3.8 billion, while Trump-linked wallets gained approximately $636 million.
SEC guidance issued in February 2025 generally exempts memecoins from securities law, although the guidance does not protect projects that use the label to evade regulation. The SEC has not responded publicly.
Wallets linked to the $TRUMP project withdrew USDC from liquidity pools again on August 24, extending a pattern that has been tracked since April 2025.
The latest withdrawals, combined with the earlier $6.2 million transfer to OKX that triggered this month’s 33% pullback, have kept concerns about insider selling in focus rather than making them a one-off issue.
$TRUMP could hold triangle support around $2.40-$2.47 and break above resistance between $2.90 and $3 on a daily close. Continued attention on World Liberty’s bank approval or a favorable SEC outcome could encourage renewed buying toward the August spike high of $3.69.
$TRUMP could fail at triangle resistance and break below ascending support, repeating August’s sharp rally-and-reversal pattern. Continued insider withdrawals or any formal SEC action could drive the price toward the 100-period EMA at $2.02, with the 200-period EMA at $1.82 representing the next lower level.
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