Here are the updated market data for the OFFICIAL TRUMP cryptocurrency (ticker: TRUMP), according to information from Binance, along with a comprehensive analysis:
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Current market situation
Price (spot): around $9.18 per coin — this is also confirmed by CoinMarketCap and TradingView, with a 24h range: $8.79 – $9.32.
Market capitalization: approximately $1.84 billion, with a circulating supply of about 200 million tokens.
24h volume: between $190 million and $378 million, depending on the source.
All-time high: around $75, reached in January 2025.
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Technical and sentiment analysis
Investing.com suggests buy signals on short intervals (e.g., 5 min, 30 min, 1 h) and weak ratings on longer ones (daily: neutral, weekly: strong sell).
TradingView indicates a bearish formation and a possible test of the support level around $8.44.
The market trend was initially driven by hype and media ('pump & dump') leading to a sharp rise and then a dramatic drop — many investors lost out, while the project creators made significant amounts.
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Analysis summary
Parameter Value
Current price around $9.18
Daily range $8.79 – $9.32
Technical assessment Short-term — buy, longer terms — neutral/weak sell
Potential support around $8.44
Risk High – memecoin with a history of speculation and sharp fluctuations
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Context and implications
The project raises ethical controversies — this memecoin was promoted by Donald Trump, the authors (his affiliated companies) made hundreds of millions from fees, while investors lost billions.
Access to events — large coin holders were invited to private dinners with Trump, raising concerns about influence and the ethics of the project.
Political background: Trump currently supports the integration of cryptocurrencies with the US pension system, which could generally improve market sentiment, although the impact on memecoins is uncertain.
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What to watch for next?
1. Price behavior: testing support at $8.4; breaking resistance around $9.3 may suggest a continuation of the short-term bullish trend.
2. Community sentiment and political news – can trigger strong reactions in the short term.
3. Trading volume – significant changes may herald large price movements.
