Altcoins

TRUMP Coin Surges 12%: Signs of a Reversal or Another False Breakout?

By Fatima

Last Updated: Feb 5, 2025

Fact checked

By Sam Cooling

Official TRUMP Coin jumped 12% in 24 hours, hinting at possible recovery after long downtrend and sparking renewed interest in the meme coin.

TRUMP Coin Price Volume in 24h Price 7d surged 12% in the past 24 hours, sparking speculation about a potential reversal after a prolonged period of stagnation. With prices ranging between $16 and $20, the recent breakout has brought renewed attention to this meme coin.

The meme coin launched by the US President himself, Official TRUMP Coin, is making a timid attempt at recovery. From the massive hype on launch day to a prolonged negative downtrend that saw prices plummet to $16.3—down 78% from its all-time high (ATH)—the coin has struggled to regain traction. However, recent movements, including a 12% rise in the last 24 hours, hint at a potential bottoming-out phase.

Following MELANIA, TRUMP Coin is Also Gaining Momentum

MELANIA, launched after TRUMP Coin, started speculation yesterday after a fresh wallet withdrew 10 million $USDC from Binance and subsequently loaded up 6.69 million $MELANIA at $1.5 per token. This has sparked rumors of a potential Binance listing or a mere exit liquidity pump.

DISCOVER: MELANIA Coin Outperforming TRUMP – Best Meme Coins to Buy?

Meanwhile, TRUMP Coin has been consolidating within the $16-$20 range these past few days. Immediate resistance lies near $22.6, with further targets at $25.7 and $30 if momentum holds. A failure to clear these levels could result in another pullback.

trump meme coin timid recovery attempt after Melania surge

(TRUMPUSDT)

The price is forming a descending wedge on the 4-hour chart, which often signals a possible upward move. Right now, the coin is testing the top of the wedge at $19.20. If it breaks above this level with strong trading volume, the price could rise further, aiming for $22.60 or higher.

On the other hand, if the price doesn’t break out, it might drop back to the lower wedge boundary near $18 or even fall to the $16-$17 support area. Traders should look for a confirmed breakout with high volume to confirm a bullish move.

EXPLORE: Ondo Finance Launches Tokenization Platform For US Securities: Best RWA Crypto To Buy?

Join The 99Bitcoins News Discord Here For The Latest Market Updates

Free Bitcoin Crash Course

  • Enjoyed by over 100,000 students.
  • One email a day, 7 days in a row.
  • Short and educational, guaranteed!

Why you can trust 99Bitcoins

10+ Years

Established in 2013, 99Bitcoin’s team members have been crypto experts since Bitcoin’s Early days.

90hr+

Weekly Research

100k+

Monthly readers

50+

Expert contributors

2000+

Crypto Projects Reviewed

Google News Icon
Follow 99Bitcoins on your Google News Feed
Get the latest updates, trends, and insights delivered straight to your fingertips. Subscribe now!
Subscribe now
Disclaimer Icon
Disclaimer
Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital. 99Bitcoins may receive advertising commissions for visits to a suggested operator through our affiliate links, at no added cost to you. All our recommendations follow a thorough review process.
Fatima
Fatima
Crypto Journalist
Back to top