Official Trump Coin has been making headlines recently, driven by a wild swing in price that has traders rethinking their next moves. Just this week, the TRUMP price surged an impressive 36.17%, creating waves amid the broader crypto market volatility.
Following this rapid rise, the latest 24-hour drop of 2.11% might seem modest, but it hints that traders who rode the rally are now cashing out their profits. This wave of selling became most apparent when the TRUMP coin price got rejected at $8.64, subsequently settling just above $7.25.
Behind all this activity are two key developments. First, there is ongoing buzz about Fight Fight Fight LLC’s potential acquisition of Republic.com’s US platform. Second, the recent phase 25 of Bitget’s Onchain Challenge reignited market interest, energizing TRUMP’s recent upward run.
### Official Trump Coin Price Analysis
Examining TRUMP’s performance reveals the coin currently trading at $8.07—a slight dip but still considerably higher than last week’s levels. The market capitalization remains robust at $1.61 billion, with a 24-hour trading volume across exchanges reaching $1.71 billion.
Price action has been notably volatile, with the session’s low hitting $7.14 and a high of $8.44. After failing to突破 the $8.64 resistance, TRUMP memecoin now faces critical support at its 7-day Simple Moving Average (SMA) of $6.91.
The Relative Strength Index (RSI) has cooled down to 64.76 following a recent spike toward overbought territory. This suggests that buyers may have temporarily exhausted their momentum.
If TRUMP’s price slips below $7.25, the next support level is $6.40, where increased selling pressure could emerge. Conversely, regaining support above $7.77 would put the token back on a bullish track with targets near $10.24.
The current sideways drift signals a classic pause after a strong run, blending both risk and opportunity for investors. For now, the TRUMP token stands at a crossroads as market participants watch closely for signs of renewed momentum or a deeper correction.
https://coinpedia.org/price-analysis/trump-coin-price-halts-at-8-a-pause-or-trend-reversal-ahead/
