TRUMP Meme Coin Surges 15% in an Hour; Traders Eye $22-$30 Target!

February 14, 2025 William Ross Cryptocurrency News, Finance, Stock Market 0

TRUMP Coin Breaks $19.50 Mark: Analysts Predict Potential Rally to $30

The Official Trump (TRUMP) meme coin has made headlines with an impressive price surge, skyrocketing by approximately 15% in just one hour. This rally has pushed the coin’s value past $19.50 for the first time in nearly two weeks, coinciding with a broader revival in the meme coin sector.

TRUMP Coin Price Hits New Heights

According to CoinGecko, TRUMP’s recent price surge is noteworthy, especially as the overall meme coin market capitalization has increased by 3% in the last 24 hours, now exceeding $82 billion. T

The exact catalyst for TRUMP’s rally remains unclear; however, analysts speculate that support from the South Korean crypto exchange Upbit, which recently listed trading pairs for TRUMP against KRW, BTC, and USDT, could be a contributing factor.

Robert Mercer, a prominent voice in the crypto community, expressed optimism about TRUMP’s future, stating, “I envision a rise to $30.” Another user, Crypto Jobs, echoed this sentiment, predicting that the price could reach the $22-$25 range.

TRUMP Meme Coin Surges 15% in an Hour: Is a New Bull Run on the Horizon?

Traders Eye Potential Pullback Amidst Bullish Sentiment

Ali Martinez, a well-known crypto analyst, shared insights with his 120,000 followers, noting that TRUMP is “showing a strong rebound” after the TD Sequential indicator flashed a buy signal on the 12-hour chart. However, traders should remain cautious.

The Relative Strength Index (RSI) recently climbed above 70, indicating that TRUMP might be overbought and could experience a pullback.

TRUMP’s Recent Market Turbulence

Launched in mid-January, shortly before Donald Trump took office as America’s 47th president, TRUMP entered the crypto market with a bang.

Its market capitalization quickly soared above $14.5 billion, briefly making it the second-largest meme coin after Dogecoin (DOGE). However, the coin has since faced significant challenges, with its price plummeting over 70% from its peak of $72, bringing its current market capitalization to less than $4 billion

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About William Ross 397 Articles
I am a cryptocurrency enthusiast and writer with over five years of experience in the industry. I have been following the development and innovation of Bitcoin and Ethereum since their inception, and I enjoy sharing my insights and analysis with readers. I have written for various reputable platforms, such as CoinDesk, Cointelegraph, and Decrypt, covering topics such as market trends, regulation, security, and adoption. I believe that cryptocurrency is the future of finance and technology, and I am passionate about educating and informing people about its benefits and challenges.

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