š Trump Coin (TRUMP) Surges: $1.6B Volume Fuels Rally ā Can It Overtake BONK and PEPE?
Meme coin mania refuses to dieāTrump Coin (TRUMP) just pumped its way into the spotlight with a staggering $1.6 billion trading volume. Traders are piling in, betting this political-themed token might outshine BONK and PEPE in the meme coin hierarchy.
### The Volume Tells the Story
When a coin racks up $1.6B in trades, itās either a pump-and-dump in disguise or a legit contender. TRUMPās price action suggests the latterāfor now. But letās be real: in crypto, todayās darling is tomorrowās dust.
### Flipping the Meme Coin Script?
BONK and PEPE have dominated the meme space, but TRUMPās sudden liquidity surge hints at a shakeup. Retail traders love an underdogāespecially one with a built-in cult following.
### Proceed with Caution (and Cynicism)
Sure, the charts look bullish. But remember: this is crypto, where fundamentals are optional and hype is the only real currency. Trade accordingly.
Is This the Start of The Next Trump Wave?
CoinGlass derivatives data shows a surge in speculative demand, with open interest hitting $555 million, matching levels last seen during the buildup to the Trump coin presidential Gala dinner.
Traders appear to be positioning for continuation, leaning heavily bullish with a long/short ratio of 3.81 on Binance, almost 80% are betting on further price increases.
This comes with a rapid rise in the altcoin season index, increasing from 20 to 53 since the month began, though still far from the 75 considered a full altseason.
Retail investors are re-entering the market with renewed appetite for alternatives to Bitcoin, but the door is open for further demand as bullish sentiment grows.
Trump Coin Price Analysis: Can TRUMP Enter the Meme Coin Top 3?
This new volume appears to support bullish technical developments, confirming a breakout from a symmetrical triangle pattern thatās been forming since the mid-April market bottom.
While post-breakout momentum has stalled at $11.65, the pattern projects a 128% MOVE higher to retest the year-to-date high around $24.50.
However, this bullish case currently tests a make-or-break level with immediate support at $10.60 acting as the final buffer before a potential fall back below the triangleās upper trendline.
This WOULD rule out the move as a false breakout and reopen the pattern for further consolidation.
Momentum indicators offer a mixed signal. The RSI has reclaimed neutral ground NEAR 50 after cooling from overbought territory at 80, suggesting a more stable base.
But the MACD line warrants caution as it continues to widen its gap below the signal line. While a lagging indicator, it could suggest that the short-term downtrend is not yet over.
If fully realised, the breakout would reflect a $4.8 billion market cap, enough to surpass BONK and reenter the meme coin top 4, though still trailing PEPEās $5.7 billion.
To reach higher, TRUMP will likely need further catalysts to spur demand, like the CLARITY Act expected to pass in October, or a social spark like a shill from Donald Trump himself.
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