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Donald Trump’s Official $TRUMP Coin on Binance – Long-Term Analysis
Overview
$TRUMP is a meme coin launched on January 17, 2025, associated with Donald Trump. It operates on the Solana blockchain, with a total supply of 1 billion tokens. The token was listed on Binance.US on January 23, 2025, gaining rapid popularity due to its political connections.
Market Performance
Launch Price: Around $34
All-Time High (ATH): $62 (January 19, 2025)
Current Price: Around $39 (subject to market fluctuations)
Market Volume: Over $38 billion, with Binance contributing $16 billion (42%)
Market Conditions
Volatility: $TRUMP has experienced significant fluctuations, common for meme coins.
Liquidity: High trading volume across centralized exchanges, indicating strong investor interest.
Regulatory Risks: Due to its political nature, the token may face scrutiny.
Key Levels
Resistance: $45, $50, $62 (ATH)
Support: $35, $30, $25
Targets:
Upward: $50, $55, $62+
Downward: $35, $30, $25
Key Entry Points
Long Position
Buy Entry: $35 - $37
Sell Entry: $50 - $55
Short Position
Buy Entry: $50 - $55
Sell Entry: $35 - $30
Long-Term Considerations
Political Influence: Trump’s involvement could drive interest but also create instability.
Regulation: Potential government oversight may affect price action.
Meme Coin Hype: Similar to other politically themed tokens, it relies on speculative interest.