TRUMP Token Defends $8.5 Support as Market Eyes Potential Rebound to $9

The OFFICIAL TRUMP memecoin has found stability around the $8.5 support level following an extended downtrend, showing early signs of a possible recovery toward $9. A clear breakout above $10.5 would indicate a structural change, though the $11 resistance level remains a significant hurdle.

Trump Media's recent announcement of a Truth-branded utility token—designed to integrate with a digital wallet for subscription services—has garnered market interest. While avoiding direct cryptocurrency references, the proposal suggests underlying blockchain technology. Criticism continues regarding the TRUMP token's underwhelming performance.

Technical indicators reflect limited buying interest, with the OBV showing a slight decline and the RSI lingering NEAR neutral levels. The established $8.5-$11 trading range offers swing traders a defined opportunity, contingent on the support level holding firm.