TRUMP Coin Surges As Investors Bet On Political Momentum

TRUMP Coin has continued its sharp upward trend, gaining 17% in the past 24 hours to trade around $7.22. This surge outperformed the broader cryptocurrency market, which only grew by 1.8% over the same period.

Trading activity also spiked, with daily volume climbing 159% to reach $627 million. Investors are now watching for fresh developments that could fuel another rally, including corporate involvement and strong technical patterns.

Corporate Investment Sparks Momentum

The latest push for TRUMP Coin came after Newsmax Inc. revealed plans to allocate $5 million from its corporate treasury into Bitcoin and TRUMP tokens. This announcement marked the first time a company listed on the New York Stock Exchange made such a move. Although the amount represents just 0.34% of TRUMP’s $1.45 billion market capitalization, it has been viewed as a symbolic show of support that validates the token’s growing acceptance among pro-Trump organizations.

Even small investments from established companies can trigger speculative interest, and TRUMP’s 150% increase in trading volume reflects that effect. The surge also followed a strong start to the week for the entire crypto market. Bitcoin rose above $115,000, Ethereum crossed $4,000, and the global crypto market capitalization exceeded $3.9 trillion. Historically, when leading assets like Bitcoin and Ethereum perform well, other alternative coins, including TRUMP, tend to follow the trend.

TRUMP Coin Breaks Key Levels

Technically, TRUMP Coin has cleared major resistance, trading well above its 30-day simple moving average of $6.71. It also sits above the 38.2% Fibonacci retracement level of $6.02. Analysts note that the MACD indicator has turned positive for the first time since September, while the Relative Strength Index (RSI) stands at 60.4, suggesting there’s still room for further upward movement before it becomes overbought.

On TradingView, 13 technical indicators currently rate TRUMP as a “Buy,” eight remain neutral, and five suggest “Sell.” The next major resistance levels are around $7.50 and $9.50, near the 200-day SMA. A daily close above these zones could pave the way toward the $10 psychological mark. However, if the price falls below $6.20, it may retreat to a support level of around $5.80.

Political Factors Fuel Market Uncertainty

TRUMP Coin’s biggest source of volatility remains its political ties. Reports last week claimed that wallets linked to Trump-affiliated entities made over $2.8 billion from recent crypto market movements. Although the claims have not been verified, they significantly influenced investor sentiment.

Adding to the uncertainty, Representative Ro Khanna from California is reportedly drafting a bill that would prohibit elected officials from trading both stocks and cryptocurrencies. His proposal follows his recent comments about alleged crypto activity connected to Donald Trump and his son’s business interests. This move could introduce new layers of political and regulatory tension into an already unpredictable market.

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