The TRUMP token has surged more than 3% in the past 24 hours, reaching $8.60, its highest price since late October.
The token’s market cap has surged to $1.7 billion, overtaking Pump.fun (PUMP) to become the fifth largest meme coin.
However, despite this impressive recovery, TRUMP remains well below its all-time high valuation of $14.5 billion, which briefly surpassed Shiba Inu (SHIB) in early 2025.
TRUMP Price Analysis: $6 Support and $28 Long-Term Target
The daily chart shows that TRUMP is breaking out of a long-term descending channel, indicating a possible trend reversal.
The token is currently trading around $8.42 with immediate support near the $6.00 zone, an important level that previously served as accumulation support.
If the price fails to sustain above this range, we could see a correction towards $5.30, which would represent a 36% decline from current levels.
However, a breakout from the descending wedge pattern could set the stage for a strong rally.
The next resistance lies near $12.50, but the long-term target remains near $28, which could represent a 230% upside from today’s price.
Source: TradingView
The RSI is at 59, indicating that buyers still have the upper hand, while the MACD remains in bullish territory with no signs of weakness.
Taken together, these indicators suggest that momentum remains on the bulls’ side and a continuation of the current trend may be expected.
Can TRUMP lead the next meme coin rally?
Presidential policies such as higher tariffs and domestic dividends could benefit the TRUMP meme coin, which is officially tied to the Trump family.
As Bitcoin’s dominance strengthens and liquidity spreads across altcoins, meme tokens with strong narratives could outperform. TRUMP is one of those meme cryptocurrencies.
TRUMP sparks meme coin mania – $MAXI emerges as the next strong candidate
As TRUMP rises, Maxidoge ($MAXI), a meme-based cryptocurrency that combines the adrenaline of trading with the discipline of gym culture, is gaining significant attention across social platforms.
$MAXI aims to empower small traders by giving them a sense of belonging and confidence in a market that is often dominated by whales and other wealthy investors.
With strong support from the community, Maxi Doge has already raised $3.9 million in its ongoing presale.
$MAXI is an ERC-20 token on Ethereum with a fixed supply that fosters scarcity and long-term value growth.
Holders can stake $MAXI and earn passive rewards while unlocking access to exclusive trading tournaments and events.
More than just a meme coin, $MAXI is building a close-knit trading community where holders actively share strategies and insights to grow profits together.
With 77% annual staking rewards, the price of $MAXI is set to rise in just 16 hours a day.
To secure your token at the current price $0.0002675, Maxi Doge official pre-sale site Connect a compatible wallet like Best Wallet.
You can then complete your purchase using cryptocurrencies or debit/credit cards in just a few clicks.
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Disclaimer: Coinspeaker is committed to providing fair and transparent reporting. This article is intended to provide accurate and timely information but should not be taken as financial or investment advice. Market conditions can change rapidly, so we recommend that you verify the information yourself and consult a professional before making any decisions based on this content.
A crypto journalist with over 5 years of experience in the industry, Perth has gathered experience and expertise in the field after working with major media outlets in the crypto and financial world and living through bear and bull markets over the years. Palt is also the author of four self-published books.
Perth Dubey on LinkedIn