- TRUMP token surged 10%, approaching key resistance at $20 amid rising trading volume.
- Market capitalization grew 5.33% to $3.83B, with trading volume up 26.70% to $2.58B.
- If TRUMP breaks $20, it may reach $25 or higher, but failure could drop it to $15.
Official Trump (TRUMP) token has recorded a 10% price surge in the last 24 hours. The token is now trading at $17.92, showing signs of breaking past resistance levels. Despite this gain, TRUMP is still trading nearly 75% below its all-time high of $75.
Market analysts are closely monitoring TRUMP as it tests resistance levels. If the bullish trend continues, the token could push beyond $20. However, failure to hold this level could lead to a reversal toward lower price ranges.
TRUMP Faces Resistance and Support Levels
TRUMP has remained within the $15 to $17 range for several weeks before this recent breakout. The token is now testing a resistance zone between $16 and $20. Analysts suggest that a confirmed breakout above $20 could drive the price toward $22.6 or higher.
If TRUMP maintains momentum, the next price target could be $25.7. A further surge could push the token toward $30. On the downside, strong support exists at $15. If the price falls below this level, TRUMP may drop to $12 or even $10.
Trading Volume and Market Capitalization See Growth
The token now holds a market capitalization of $3.83 billion after a market capitalization increase of 5.33%. Trading volume has also surged by 26.70%, now standing at $2.58 billion. The growing trading activity indicates strong market interest in TRUMP.
The current Relative Strength Index reading of 46.39 indicates a neutral trading position. The Moving Average Convergence Divergence (MACD) line shows signs of moving towards a potential bullish crossover. The market continues to monitor additional clues that will verify an ongoing upward trend.
TRUMP Token’s Historical Performance and Future Outlook
TRUMP was launched on January 18, 2025, ahead of Donald Trump’s presidential term. The token quickly reached a market value of $10 billion within a short period. However, after an initial spike, the price declined, falling below $30 and eventually trading under $20.
If TRUMP manages to break past the $25 level, it could rise toward $40 or even $50. Further bullish momentum could push the token toward its previous high of $75. However, if TRUMP fails to sustain its gains, a pullback to $15 remains a possibility.
Market participants are monitoring key technical indicators for signs of a confirmed breakout. TRUMP’s future movement will depend on overall market sentiment and investor demand.
