$TRUMP Pumping Over 20% This Week: Presidential Memecoin Back for Good?
The OFFICIAL TRUMP ($TRUMP) token is on a strong rally, surging over 20% this week and climbing past $22 after its listing on Upbit, South Korea’s largest crypto exchange. The Solana-based meme coin was officially made available for trading on February 13 at 18:00 KST, with trading pairs against Korean won (KRW), Bitcoin (BTC), and Tether (USDT). Following the listing, deposits and withdrawals opened two hours later, giving traders time to move funds before live trading began. Upbit briefly restricted initial buy orders for five minutes, while non-limit orders remained disabled for the first hour to prevent excessive volatility.
Market Rebound After Sharp Correction; $TRUMP Supported
Launched ahead of Donald Trump’s presidential inauguration, the $TRUMP meme coin initially skyrocketed, reaching a $10 billion market cap and an all-time high of $39.63. However, early buyers took profits, triggering a steep correction that sent prices tumbling to $4.29 by January 18. Despite the massive decline, TRUMP has rebounded significantly, driven by renewed investor interest and key exchange listings. While the market cap remains well below its peak, the recent surge signals growing confidence in TRUMP’s long-term viability.
What’s fueling the comeback?
Exchange Listings: More platforms are adding TRUMP, improving liquidity and accessibility.
Market Optimism: The meme coin sector is heating up again, attracting speculative traders.
Trump’s 2024 Election Run: Some investors speculate on potential mainstream adoption if Trump returns to office.
$TRUMP Price Analysis: Technical Outlook
The TRUMP/USDT pair is currently facing resistance near $24.50, where a downward trendline is limiting further upside. The recent rally met strong selling pressure at this level, suggesting traders are taking profits.
A three black crows pattern on the 4-hour chart signals that bullish momentum is weakening, increasing the risk of a short-term pullback.
Immediate Support: $19.30, with the 50-period EMA at $18.10 acting as dynamic support.
Key Resistance: A break above $21.50 could reignite bullish sentiment, pushing prices toward $24.50 and higher.
Risk of Downside: A failure to hold $17.30 could lead to a retest of $14.70, a crucial support zone. A sustained move above $21.50 could extend the rally, while a break below $17.30 may expose TRUMP to further downside. Traders should keep an eye on these levels to gauge the next move.
Solaxy ($SOLX): Solana’s Scaling Solution
While $TRUMP makes headlines with its bullish breakout, another Solana-based project is gaining significant traction: Solaxy ($SOLX)—the network’s first Layer 2 scaling solution aimed at tackling congestion and high transaction costs. Solaxy ($SOLX) has now raised over $21 million in its presale, drawing interest from more than 68,000 followers on X. As Solana’s user base grows, demand for more efficient, scalable infrastructure continues to rise. Solaxy promises faster transactions, enhanced interoperability with Ethereum, and seamless cross-chain communication.
Solaxy ($SOLX) has raised over $21 million in its presale, with 5.9 billion tokens staked and staking rewards of 195% annually. With the price now at $0.001636 and a price hike imminent, the window for entry is closing fast.