Coinspeaker
7 hour ago
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TRUMP Token Surges 3%, Becomes Fifth-Largest Meme Coin at $1.7B

TRUMP Token Update:

  • TRUMP token increased by over 3% in the last 24 hours, reaching $8.60, the highest since late October.
  • Market capitalization rose to $1.7 billion, surpassing Pump.fun (PUMP) as the fifth-largest meme coin.
  • Despite recent gains, TRUMP is still below its peak valuation of $14.5 billion from earlier in 2025.

Price Analysis:

  • TRUMP broke out of a descending channel, suggesting a potential trend reversal.
  • Currently trading near $8.42 with support around $6.00. A drop below this could see prices fall to $5.30.
  • Resistance is near $12.50, with a long-term target of $28.
  • RSI at 59 and MACD remain bullish, indicating strong buying momentum.

Market Context:

  • TRUMP's growth may be influenced by political factors like tariffs and domestic policies tied to the Trump family.
  • Meme coins with strong narratives, such as TRUMP, might outperform as Bitcoin dominance consolidates.

$MAXI Gaining Traction:

  • Maxi Doge ($MAXI) is emerging as a notable contender in the meme coin space.
  • Raised $3.9 million in presale; focuses on empowering smaller traders and creating a community.
  • $MAXI is an ERC-20 token with staking rewards at 77% annually.

Please note: Investment decisions should be made based on personal research and consideration of current market conditions.