TRUMP is a meme coin on the Solana blockchain, inspired by the image of Donald Trump, the 47th president of the USA. Launched in 2024, the token gained popularity due to the hype around Trump's political activities and meme culture. Without internal utility, TRUMP relies on market sentiment, social media, and speculation, competing with other meme coins like PEPE and DOGE.
- Price (June 15, 2025): ~$3.50–$3.80 (according to CoinMarketCap and X).
- Market capitalization: ~$160–$180 million.
- Trading volume (24h): ~$20–$30 million, below the peak of January 2025 (~$100 million).
- News:
- Trump's post on Truth Social (May 29, 2025) about 'patriotism' caused a 5% rise in TRUMP, but the price corrected after the 'No Kings' protests on June 14.
- Minting $250 million USDC on Solana on June 6 to support TRUMP increased liquidity.
- Activity on X shows bullish sentiment (70% of posts are positive), but whales are taking profits after the pump.
Technical analysis
- Current situation: Price has fallen 20% from the peak of $4.50 (end of May) and trades at $3.50–$3.80. A descending wedge is visible on the daily chart, with bullish divergence on RSI, hinting at a possible reversal.
- Key levels:
- Support: $3.30–$3.50 (50-day SMA).
- Resistance: $4.00, then $4.50.
- Indicators:
- RSI (daily): ~42 (close to oversold, potential for a bounce).
- MACD: Neutral zone, with a hint of a bullish crossover.
- SMA: Price around the 50-day SMA ($3.50), above the 200-day ($2.80).
- Volumes: Decreased from $50 million (May) to $20–$30 million, but support at $3.50 holds.
- Chart: Price tests $3.50 in a descending wedge. A breakout at $4.00 could provide momentum. Check TradingView (TRUMP/USDT) or CoinMarketCap.
Fundamental factors
- Positive:
- Hype around Trump, including his military parade on June 14 and birthday, supports interest.
- Increased liquidity on Solana (USDC minting) facilitates TRUMP trading.
- The community is active on X, with 65% bullish posts (@TRUMPcoinSOL).
- Risks:
- Lack of utility makes TRUMP vulnerable to dumps.
- 'No Kings' protests and political tension may suppress the hype.
- Whale exits (transfers to exchanges, e.g., 1 million TRUMP on June 10) create selling pressure.
Recommendations
- Traders: Buy while holding $3.50 (target $4.00–$4.50, stop-loss $3.30). Sell on breakout below $3.30 (target $2.80).
- Investors: High risk due to the volatility of the meme coin. Consider only speculative positions, wait for political triggers.
- Monitoring: Follow X (@TRUMPcoinSOL, @realDonaldTrump) and charts on TradingView.
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