Official Trump Coin (TRUMP) is on a tear as the politically charged memecoin soared 17% in 24 hours to around $7.22, outpacing the broader crypto market’s modest +1.8% daily gain.
With daily trading volume exploding 159% to $627 million, traders are eyeing fresh catalysts, from corporate adoption to chart breakouts, that could extend this rally.
Corporate Treasury Adoption Fuels TRUMP’s Latest Run
Newsmax Inc.’s recent announcement to allocate $5 million of its corporate treasury to Bitcoin and TRUMP tokens has reignited bullish momentum across politically themed assets.
The move, a first for any NYSE-listed company, is more symbolic than material, representing just 0.34% of TRUMP’s $1.45B market cap.
Still, it validates the token’s growing recognition among pro-Trump institutions and adds legitimacy to a sector often dismissed as memecoin territory.
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Historically, even small allocations by traditional firms can ignite speculative waves in such narratives, and TRUMP’s 150% volume jump confirms that dynamic.
This performance also came after Bitcoin; the entire crypto space started the new week on a strong note. Bitcoin is back above $115k, Ethereum above $4k, and the global crypto market cap is above $3.9 trillion. When coins like BTC and ETH perform well, other coins like TRUMP tend to follow suit.
TRUMP Coin Clears Resistance, Eyes $8–$9 Zone
TRUMP Coin broke above its 30-day SMA at $6.71 and now trades firmly above the Fibonacci 38.2% retracement level ($6.02). Indicators like MACD have flipped positive for the first time since September, while RSI sits near 60.4, showing room for upside before hitting overbought conditions.
On TradingView, short-term signals lean bullish as 13 indicators rate TRUMP a “Buy”, 8 are neutral, and only 5 flag “Sell.”
Immediate resistance lies near $7.50, followed by a heavier zone around $9.50 (the 200-day SMA). A clean daily close above these levels could set up a push toward the $10 psychological mark. On the flip side, any break below $6.2 may trigger a retracement back to $5.8 support.
Political Speculation Adds Volatility
TRUMP’s biggest wildcard remains its namesake’s political influence. A report last week alleged that wallets linked to Trump-affiliated entities profited over $2.8B from 2025’s crypto market swings, claims unverified but powerful enough to sway sentiment.
Meanwhile, Bay Area Representative Ro Khanna is preparing a bill that would ban elected officials from trading both stocks and cryptocurrencies. The move follows Khanna’s recent remarks on alleged crypto activity linked to Donald Trump and his son’s firm, injecting yet another layer of regulatory and political uncertainty into the market.
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