The meme coin TRUMP based on Solana is currently the best performer. It has risen more than 10% in the last 24 hours as trading activity surges.
This surge in demand comes against the backdrop of growing anticipation for tomorrow's private dinner, where President Donald Trump will host 220 of the largest TRUMP token holders at his golf club in Virginia, near Washington, D.C.
The meme coin TRUMP is rising by 13% amid strong buying pressure.
TRUMP has risen by 13% in the last day and currently ranks first among market leaders. This double-digit increase reflects the growing enthusiasm of investors ahead of tomorrow's dinner, which has drawn widespread attention from the crypto community.
The bullish momentum is further fueled by a recent post on X from Justin Sun, billionaire founder of the Tron network.
In his post, Sun revealed that he is the largest holder of the meme coin TRUMP. Many may have perceived this post as a significant vote of confidence, which intensified buying pressure and investor interest over the last 24 hours.
Technical indicators further support the positive sentiment surrounding TRUMP. For instance, on the daily chart, the meme coin bounced off dynamic support provided by its 20-day exponential moving average (EMA) at $12.99. This key moving average measures the asset's average price over the last 20 trading days, giving more weight to recent prices. When the price rises above the indicator, it signals a bullish trend and positive momentum. This indicates that the recent buying pressure for TRUMP is strong, and the token may continue to rise in the short term.
Additionally, TRUMP's Directional Movement Index (DMI) confirms buying activity in its spot markets. At the time of writing, the positive directional index (+DI, blue) is above the negative directional index (-DI, orange), with an expanding gap. When an asset's DMI is set up this way, it indicates that the bullish momentum is stronger than the bearish. This signals a prevailing upward trend and buying pressure in the TRUMP market.
The bullish momentum could push TRUMP to $19.28, but risks remain.
At the time of publication, TRUMP is trading at $14.32, above the support level of $12.99 provided by its 20-day EMA. If demand increases, this support will strengthen, pushing the price of TRUMP to $19.28. However, if profit-taking begins, TRUMP risks breaking below $12.99. If this happens, its price could fall further to $10.76.#BinanceSquare #Write2Earn #Binance #crypto #TRUMP $TRUMP
